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Cactus, Inc. (WHD) designs, manufactures, and sells 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.
On August 7th, WHD reported earnings of $0.84 per share on revenue of $305.82 million for the second quarter ended June 2023. The consensus earnings estimate was $0.69 per share on revenue of $296.53 million. The company beat consensus estimates by 21.74% while revenue grew 79.67% on a year-over-year basis.
Shares have formed a bullish "cup and handle" and higher share prices are expected.
Entry Point: $52.75
Stop Loss: $50.00
Trading Range: $31.365 to $58.30
Target Price: $58.00
