This Value Stock is Still Gaining After Recent IPO

Value stockValue stock are compelling options for investors looking for diversification with a moderate amount of risk.

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Cactus Inc. (NYSE: WHD) is not just a value stock; it’s a value stock that has been on the market for less than a year. After its IPO in the first quarter, stock has gone from the initial price of $19, up to a peak of just over $38 this month. Strong price targets and buy ratings from J.P. Morgan and Barclays analysts have driven a high level of confidence since March.

Cactus is an oil services company which manufacturers pressure control gear and wellheads. Cactus is one of the leading suppliers in its industry and is currently benefiting from a growing energy economy in the United States.

The company increased revenue by 120.06% in its last full fiscal year, and total income growth was 289.11%. Continued strong financial performance and increased demand within the oil industry has put Cactus at the forefront of growing value stocks in this sector.

If you are looking to diversify into the energy sector with a relatively affordable stock, then Cactus is one of the best picks of October.

Key Data:

  • 5 Day Price Growth:                   31%
  • 1 Month Price Growth:                0%
  • 3 Month Price Growth:              29%

 

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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