Cactus, Inc. (NYSE:WHD) is included among the 12 Best American Oil Stocks to Buy Now.
Cactus, Inc. (NYSE:WHD) designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies in the United States, Australia, Canada, the Middle East, and internationally.
On June 6, Stifel upped its price target on Cactus, Inc. (NYSE:WHD) from $66 to $68 and maintained its ‘Buy’ rating on the shares. The target boost implies an upside of almost 20% from the current price level.
Stifel increased its 2026-27 forecasts following Cactus’ updated Q2 guidance, citing higher confidence in both the company’s pressure control and spoolable technologies segments.
Cactus acquired a 65% stake in Baker Hughes’ Surface Pressure Control business for $365 million in January 2026. The company recently increased its projected synergy targets for the acquisition by 50% from an annualized amount of $10 million to $15 million. However, it does not expect to see significant supply chain-related savings before the second half of next year.
Cactus’ Pressure Control segment remained resilient despite the Middle East conflict, and is expected to deliver adjusted EBITDA margins of 22% to 24% range in the second quarter.
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