Reported about 17 hours ago
Cactus, Inc. (WHD) is poised to enhance its international presence following its acquisition of a majority stake in Surface Pressure Control, despite facing a recent stock decline and a decrease in revenue. TimesSquare Capital highlighted the company's capabilities in pressure control equipment and wellhead systems, while acknowledging challenges in the U.S. market due to fluctuating energy sector activity. Overall, analysts are cautiously optimistic about Cactus’s future trajectory in global expansion.
Source: YAHOO