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Wednesday, February 8, 2023

Investing In Cactus Inc. (NYSE: WHD): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Cactus Inc. (WHD) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $52.22. The Cactus Inc. has recorded 8,810 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Cactus Announces Quarterly Cash Dividend.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Equipment & Services industry segment. At the end of the last regular session, the stock closed at $52.22 and fluctuated between $52.97 as its day high and $50.86 as its day low. The current market capitalization of Cactus Inc. is $3.91B. A total of 0.65 million shares were traded on the day, compared to an average of 428.25K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, WHD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 29 BUYs and 50 SELLs from insiders. Insiders purchased 2,187,283 shares during that period but sold 2,233,146.

In the most recent transaction, Bender Joel sold 542,336 shares of WHD for 54.00 per share on Jun 07. After the transaction, the Senior VP & COO now owns 68,604 company shares. In a previous transaction on Jun 07, Bender Scott sold 562,336 shares at 54.04 per share. WHD shares that President and CEO owns now total 50,464.

Among the insiders who sold shares, Bender Scott disposed of 24,680 shares on May 27 at a per-share price of $52.87. This resulted in the President and CEO holding 612,800 shares of WHD after the transaction. In another insider transaction, Bender Steven sold 20,259 shares at $52.72 per share on May 26. Company shares held by the VP of Operations now total 47,620.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Cactus Inc. pays an annual dividend of $0.44, resulting in a dividend yield of 0.84%, and it has a price to earnings (P/E) ratio of 33.76. WHD’s most recent ex-dividend date was 2/24/2023 when it declared a $0.11 quarterly dividend that was paid in cash on 3/16/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 11/25/2022. The WHD stock dividend was $0.11 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for WHD in the last 3 months, the mean price target is $60.38 with high estimates of $70.00 and low estimates of $50.00. In terms of 52-week highs and lows, WHD has a high of $64.18 and a low of $34.70.

As of this writing, WHD has an earnings estimate of $0.48 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.54 per share and a lower estimate of $0.44. The company reported an EPS of $0.3 in the last quarter, which was 3.40% higher than expectations of $0.29.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WHD is Overweight with a score of 3.40. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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