WHD

Cactus, Inc.'s stock price has been influenced by several events in the past six months (April 2026 - October 2026). Q1 2026 earnings reported strong sequential revenue and EBITDA growth, driven by the Cactus International acquisition and robust Spoolable Technologies performance, despite Middle East disruptions, though operating income was down and net income worsened. Q2 2026 earnings announced strong sequential growth in revenue and EBITDA, with adjusted EPS significantly beating estimates; Pressure Control revenue increased due to Middle East strength, and Spoolable Technologies revenue was boosted by higher domestic activity, leading to a notable stock price increase after the company also raised its quarterly dividend. The stock fell in September 2026 after Cactus projected an expected double-digit revenue decline in its Pressure Control segment for the third quarter. Analyst rating changes included BofA Securities raising its price target to $68 from $57, while Citigroup lowered its price target to $73 from $75 and maintained a 'Neutral' rating, having previously downgraded Cactus to 'Neutral' from 'Buy'. There was also notable insider selling, including the CEO selling 100,000 shares around October 2, 2026. Broader market factors such as volatile oil prices, rising Treasury yields, and overall energy sector performance also affected the stock, with crude price movements impacting sentiment for oilfield services.