Cactus Inc (WHD) Gets a Buy Rating from Barclays

By Austin Angelo

Barclays analyst David Anderson maintained a Buy rating on Cactus Inc (WHDResearch Report) on May 3 and set a price target of $41. The company’s shares closed on Friday at $37.

According to TipRanks.com, Anderson has 0 stars on 0-5 star ranking scale with an average return of -4.0% and a 40.4% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Covia Holdings Corporation, and Diamond Offshore Drilling.

Currently, the analyst consensus on Cactus Inc is a Strong Buy with an average price target of $42.50, a 14.9% upside from current levels. In a report issued on May 3, RBC Capital also maintained a Buy rating on the stock with a $43 price target.

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The company has a one-year high of $40.97 and a one-year low of $24.60. Currently, Cactus Inc has an average volume of 588.8K.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.

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Cactus, Inc. engages in the design, manufacture, sale and rent out of a range of engineered wellhead and pressure control equipment. The products of the firm are sold and rented principally for onshore unconventional oil and gas wells, and are utilized during the drilling, completion, and production phase of wells.