Cactus (WHD) Soars 5.7%: Is Further Upside Left in the Stock?

Group 1 - Cactus, Inc. shares increased by 5.7% to close at $49.69, supported by strong trading volume, compared to a 2.2% gain over the past four weeks [1] - The stock's rally was driven by investor sentiment following Cactus' agreement to acquire a 65% stake in Baker Hughes' Surface Pressure Control business, which is expected to enhance its global presence and revenue visibility with a project backlog exceeding $600 million [2] - The company is projected to report quarterly earnings of $0.58 per share, reflecting an 18.3% decline year-over-year, with revenues anticipated at $250.63 million, down 7.9% from the previous year [3] Group 2 - The consensus EPS estimate for Cactus has been revised down by 0.8% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] - Cactus holds a Zacks Rank of 1 (Strong Buy), indicating strong market confidence, while another company in the same industry, National Fuel Gas, has a Zacks Rank of 3 (Hold) [5] - National Fuel Gas' consensus EPS estimate has increased by 4.8% over the past month to $1.95, representing a 17.5% increase from the previous year [6]