Media headlines about Cactus (NYSE:WHD) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cactus earned a news impact score of 0.08 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.9549297077894 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
Get Cactus alerts: Cactus Sees Unusually High Options Volume (WHD) (americanbankingnews.com) IBD Stock Of The Day: IPO Leader Cactus Whipsawed After Breakout (finance.yahoo.com) Cactus Gains on Stock Offering (baystreet.ca) Cactus plans 10M-share public offering (seekingalpha.com) Cactus Inc (WHD) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)WHD has been the topic of several research analyst reports. ValuEngine raised Cactus from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Royal Bank of Canada initiated coverage on Cactus in a report on Friday, April 6th. They issued an “outperform” rating and a $32.00 price objective on the stock. Barclays reissued an “overweight” rating and issued a $36.00 price objective (up from $31.00) on shares of Cactus in a report on Thursday, May 31st. Johnson Rice started coverage on Cactus in a report on Thursday, May 24th. They issued an “accumulate” rating and a $40.00 price objective on the stock. Finally, Zacks Investment Research lowered Cactus from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Cactus presently has an average rating of “Buy” and an average target price of $33.50.
Shares of NYSE:WHD opened at $33.65 on Thursday. The company has a current ratio of 2.86, a quick ratio of 1.67 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.52 billion and a PE ratio of 0.03. Cactus has a 1 year low of $19.18 and a 1 year high of $37.50.
Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. The firm had revenue of $115.11 million during the quarter, compared to analyst estimates of $110.14 million. research analysts anticipate that Cactus will post 1.54 EPS for the current fiscal year.
Cactus Company Profile
Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour 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.
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