Cactus (WHD) Surges Following Q3 Report

The share price of Cactus, Inc. (NYSE:WHD) surged by 13.52% between October 24 and October 31, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Cactus (WHD) Surges Following Q3 Reports

Cactus, Inc. (NYSE:WHD) manufactures and services pressure control equipment for onshore and offshore oil and gas drilling, completion, and production.

Cactus, Inc. (NYSE:WHD) surged after it announced better-than-expected results for its third quarter on October 29. The company reported an adjusted EPS of $0.67 against expectations of $0.58. Its revenue of $264 million was also above estimates by almost $10 million, despite being down 10% YoY.

Moreover, Cactus, Inc. (NYSE:WHD) announced a quarterly cash dividend of $0.14 per share. The company also reiterated that it expects to close the acquisition of a majority interest in the Surface Pressure Control business of Baker Hughes early next year.

Cactus, Inc. (NYSE:WHD) received another boost on October 29 when BofA analyst Saurabh Pant upgraded the stock from ‘Underperform’ to ‘Neutral’, while raising its price target from $39 to $40.

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