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Cactus ( (WHD) ) has provided an update.
On June 2, 2025, Cactus Companies, a subsidiary of Cactus, Inc., entered into a Framework Agreement to acquire 65% of Baker Hughes Company’s surface pressure control business for $344.5 million. The transaction involves restructuring and conversion of Baker Hughes Pressure Control to a Delaware LLC, with closing expected in the second half of 2025. This strategic acquisition aims to enhance Cactus’s industry positioning by expanding its capabilities in surface pressure control, potentially impacting stakeholders through increased market share and operational synergies.
The most recent analyst rating on (WHD) stock is a Hold with a $61.00 price target. To see the full list of analyst forecasts on Cactus stock, see the WHD Stock Forecast page.
Spark’s Take on WHD Stock
According to Spark, TipRanks’ AI Analyst, WHD is a Outperform.
Cactus, Inc. is in a strong financial position with effective cost management and growth potential, underscored by a positive strategic merger. However, the technical outlook is mixed, and challenges such as margin pressure and tariff impacts need monitoring.
To see Spark’s full report on WHD stock, click here.
More about Cactus
Average Trading Volume: 908,393
Technical Sentiment Signal: Sell
Current Market Cap: $3.28B
For a thorough assessment of WHD stock, go to TipRanks’ Stock Analysis page.