Cactus is a holding company. Through its subsidiaries, Co. is primarily engaged in the design, manufacture and sale of wellhead and pressure control equipment. Co.'s products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers' wells. Co. also provides field services for all of its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Co.'s principal products include its Cactus SafeDrill® wellhead systems as well as frac stacks, its Cactus SafeLink® monobore, SafeClamp® and SafeInject® systems. We show 26 historical shares outstanding datapoints in our WHD shares outstanding history coverage, used to compute WHD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WHD market cap history over the course of time is important for investors
interested in comparing WHD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of WHD versus a peer is one thing; comparing
WHD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like WHD can fluctuate over the course of history.
With this page we aim to empower investors researching WHD by allowing them to research the WHD market cap history. |
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Video: The Importance of Market Cap
