11 Oil Stocks with Highest Upside Potential

7. Cactus, Inc. (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) is one of the best oil stocks with highest upside potential. Citi lifted the price target on Cactus, Inc. (NYSE:WHD) to $63 from $55 on March 3, maintaining a Buy rating on the shares and stating that it views the company’s fiscal Q4 report as solid. It added that shares sold off as elevated expectations for its new International Pressure Control business were not met, and the firm views the shares as attractive at current levels.

Barclays also lifted the price target on Cactus, Inc. (NYSE:WHD) to $62 from $56 on March 2 and reiterated an Overweight rating on the shares. It sees the post-earnings selloff in the shares as a “surprising overreaction” given the company’s “significant opportunity” in the Middle East over the next several years.

Cactus, Inc. (NYSE:WHD) reported its fiscal Q4 and full year 2025 results on February 25, reporting a revenue of $261.2 million and an operating income of $59.9 million in the quarter. Net income for fiscal Q4 reached $48.3 million, and diluted earnings per Class A share were $0.57. Management also reported an adjusted net income of $52.1 million and diluted earnings per share, as adjusted, of $0.65.

Cactus, Inc. (NYSE:WHD) operates in the oil and gas equipment and services industry and is involved in the design, manufacture, sale, and rental of engineered pressure control and spoolable pipe technologies. The company’s operations are divided into the Pressure Control and Spoolable Technologies segments.