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WHD

Cactus

$30.63

-0.505 (-1.62%)

06:10
06/18/19
06/18
06:10
06/18/19
06:10

Cactus price target lowered to $34 from $42 at Piper Jaffray

Piper Jaffray analyst Bill Herbert lowered his price target for Cactus to $34 from $42 after the company updated its Q2 and second half outlook. The The update reflects the company's "strong offering" and ability to grow share and maintain product margins in an "increasingly difficult market," Herbert tells investors in a research note. The analyst, despite seeing "significant market uncertainty," keeps an Overweight rating on Cactus.

WHD Cactus
$30.63

-0.505 (-1.62%)

01/09/19
SPHN
01/09/19
INITIATION
Target $45
SPHN
Overweight
Cactus initiated with an Overweight at Stephens
Stephens analyst Tommy Moll started Cactus with an Overweight rating and $45 price target. With "superior" SafeDrill wellhead technology, Cactus is well positioned to accelerate the shale revolution by enabling exploration companies to eliminate more than a full day of drilling time for each well on a pad, Moll tells investors in a research note. He believes the stock's recent recent pullback creates an attractive entry point.
01/15/19
LEHM
01/15/19
NO CHANGE
LEHM
Barclays upgrades ProPetro, downgrades FTS, RPC and U.S. Silica
Barclays analyst J. David Anderson upgraded ProPetro Holding (PUMP) to Overweight from Equal Weight while downgrading both FTS International (FTSI) and U.S. Silica (SLCA) to Equal Weight from Overweight and RPC, Inc. (RES) to Underweight from Equal Weight. The analyst recommends that investors take a "best of breed approach" in the first half of 2019 to the U.S. land service markets. He tells investors to opportunistically add to positions in the highest quality names in the North America-centric verticals: ProPetro, Cactus (WHD) and Apergy (APY). Anderson believes ProPetro deserves a premium multiple for its "differentiated model in an increasingly commoditized market." He downgraded FTS because of the company's "spot market vulnerability and higher balance sheet leverage." The analyst downgraded RPC to Underweight citing its pressure pumping business, a discount multiple for spot exposure, and its higher maintenance capex. And his downgrade of U.S. Silica reflects the proppant markets remaining "in disarray and under heavy pricing pressure as the industry struggles to acclimate to in-basin proliferation."
02/06/19
RAJA
02/06/19
INITIATION
Target $39
RAJA
Strong Buy
Cactus initiated with a Strong Buy at Raymond James
Raymond James analyst Marshall Adkins started Cactus with a Strong Buy rating and $39 price target. Cactus, in just six years, has created innovative wellhead designs and "exploded from zero to a remarkable" 27% of the U.S. market, Adkins tells investors in a research note. He believes the company is now set to generate strong free cash flows and high returns on equity as the energy market continues to recover and grow.
03/08/19
RBCM
03/08/19
NO CHANGE
Target $39
RBCM
Outperform
Cactus price target raised to $39 from $33 at RBC Capital
RBC Capital analyst Kurt Hallead raised his price target on Cactus to $39 and kept his Outperform rating after its Q4 results and improved revenue outlook for Q1 discussed on the earnings call. The analyst sees the stock as an "ideal" holding for "small-cap cyclical growth fund managers looking for direct exposure to the consumable oilfield equipment market and tangential exposure to land drilling and frac". Hallead further contends that the free cash flow generation of Cactus will allow it to be opportunistic on the M&A front and sustain its "leading edge of new product development."

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