Reading WHD? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track WHD free→Reading WHD? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track WHD free→NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-06-16
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is neutral, and earnings quality is also neutral, indicating mixed results in cash backing for reported profits. Management's recent track record has been fairly steady, but the capital stance is capital unfriendly, which may raise concerns. The sector backdrop is a headwind, and risk is moderate, while the company trades at a typical valuation compared to sector peers. Peer multiples imply a price about 16% above where it trades (it looks cheap on this basis); the read is fair. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 4 valuation methods, at three horizons. Current price $58.09. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
We can't anchor a clean multiple for WHD right now, so treat our $70 fair value as low-confidence. Analysts: $66–$73. Not investment advice.
(median $71.00) · 4 analysts · as of 2026-05-20
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 17% below a flat-multiple fair value, below our forecast of about 18%. This describes what's priced in, not a forecast of the move.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Energy names rated neutral grew net income 53% of the time over the next year (vs 60% for the rest of the cohort, n=1255).
Over the trailing year it converted 2.23x of net income into operating cash flow. Historically, Energy names rated neutral grew net income 33% of the time over the next year (vs 48% for the rest of the cohort, n=789).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.71 → $0.65 (-8.3% / 30d). 0 raised, 3 cut, 6 covering analysts.
0 upgrades, 0 downgrades / 30d, 2 maintained. 67% of analysts rate Buy.
2 PT revisions / 30d. Avg target 17.5% above current price.
0 positive, 1 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$142.
How much price usually moves either way.
On a bad day, this stock has moved -$394.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $3,007.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Better cash flow from operations means better financial health. This helps with spending plans.
Confirms:Cash flow from operations exceeds $150 million in Q2 2026.
Disproves:Cash flow from operations drops below $100 million in Q2 2026.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for WHD yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Entry into a Material Definitive Agreement. On May 29, 2026, Cactus Companies, LLC (“Cactus Companies”), a subsidiary of Cactus Inc., entered into an amendment (the “ABL Credit Facility Amendment”) to its Amended and Restated Credit Agreement originally entered into on February 28, 2023 (as amended prior to the ABL Credit Facility Amendment, the “ABL Credit Facility”), by and among Cactus Companies, as borrower, certain subsidiaries of Cactus Companies from time to time party thereto, as guar…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Not enough peers to compare yet.
Self-history needs ~20 months of data.
Trailing four: 2019-Q1, 2020-Q2, 2020-Q3, 2021-Q1
A side-by-side read on sector standing, valuation, and risk versus Oil & Gas Equipment & Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
WHD Cactus, Inc. | Typical Show detailsSector percentile: 50 of 100 | fair | moderate |
SLB Schlumberger | Typical Show detailsSector percentile: 63 of 100 | fair | moderate |
BKR Baker Hughes | Above typical Show detailsSector percentile: 74 of 100 | full | moderate |
HAL Halliburton | Above typical Show detailsSector percentile: 81 of 100 | fair | moderate |
FTI TechnipFMC | Above typical Show detailsSector percentile: 78 of 100 | full | moderate |
5 material management or governance events in the past 24 months, led by executive changes. Historically, Energy names rated neutral grew net income 45% of the time over the next year (vs 49% for the rest of the cohort, n=329).
Not investment advice. As of 2026-06-16.
via XLE
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to maintain capital expenditures within the $40 to $50 million range for 2026.
Focus on improving cash flow from operating activities to support financial stability.
Continue to increase the dividend per share to return value to shareholders.
Why it matters: Earnings results will show how well the company is managing costs and generating cash.
Confirms one read:Q2 earnings are better than expected, showing strong performance.
Confirms the other:Q2 earnings are lower than expected. This may show some problems.
Why it matters: More cash from operations helps with future investments. It also helps pay shareholders.
Confirms:Cash from operations rises above $128.3M in the next quarter.
Disproves:Cash from operations drops or stays below $128.3M.
Why it matters: Maintaining CAPEX guidance shows the company's commitment to growth and investment. It impacts future cash flow and operations.
Confirms:Management says CAPEX guidance stays between $40-$50M for the next earnings call.
Disproves:Management lowers CAPEX guidance to below $40M for the next earnings call.
Why it matters: A dividend increase shows strong cash flow. It also shows management believes in future earnings.
Confirms:Management announces a dividend increase of more than 5% in Q3 2026.
Disproves:Management keeps the current dividend the same in Q3 2026.
Why it matters: The new CEO's direction can affect company strategy and performance. It may change investor sentiment.
Confirms one read:Positive statements about the new CEO's strategy lead to stock price increases.
Confirms the other:Negative feedback or problems happen with the new CEO. This leads to lower stock prices.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As of May 12, 2026, the Board of Directors of Cactus, Inc. (the “Company”) appointed Steven Bender as Chief Operating Officer and Chief Executive Officer of the Spoolable Technologies Segment. Stephen Tadlock will no longer function as Chief Executive Officer of the Spoolable Technologies Segment but effective May 12, 2026, will continue to serve a…
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 24, 2026, Bruce Rothstein, a director of Cactus, Inc. (the “Company”), advised the Company that he will not stand for re-election at the Company’s 2026 Annual Meeting of Stockholders. Mr. Rothstein’s decision not to stand for re-election is not due to any disagreement with the Company on any matter relating to the Company's operations, pol…