Analyst Price Target is $56.17
▲ +3.27% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Cactus in the last 3 months. The average price target is $56.17, with a high forecast of $62.00 and a low forecast of $48.00. The average price target represents a 3.27% upside from the last price of $54.39.
Current Consensus is
The current consensus among 8 polled investment analysts is to hold stock in Cactus. This rating has held steady since March 2021, when it changed from a Buy consensus rating.
Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, repair, and safe handling of the wellhead and pressure control equipment; and repair and refurbishment services. The company sells or rents its products for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells. In addition, it operates 15 service centers in the United States, as well as 3 service centers in Eastern Australia. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.