Shares of Cactus Inc. Class A (WHD) Rise Above Previous 52-Week High

2021-06-03

NYSE - New York Stock Exchange · Oil · Natural Gas · United States

Cactus Inc. Class A (NYSE:WHD)traded at a new 52-week high today of $40.44. Approximately 135,000 shares have changed hands today, as compared to an average 30-day volume of 372,000 shares.

Cactus Inc is primarily engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production. It generates most of its revenue through the sale of wellhead systems, rental income, field service and other activities.

Over the past year, Cactus Inc. Class A has traded in a range of $16.11 to $40.44 and is now at $39.95, 148% above that low.

Cactus Inc. Class A (NYSE:WHD) has potential upside of 29.9% based on a current price of $39.95 and analysts' consensus price target of $51.91.

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