Market news

Cactus stock has quietly built a strong track record over the past five years, yet its current valuation checks and market multiples point to a share price that leans expensive rather than clearly cheap. Cactus has delivered a 61.8% total return over the past 5 years, which gives current holders a solid gain to weigh against today’s pricing. For the upside case, investors are likely watching whether Cactus can sustain healthy margins and cash generation. A key risk is that any slowdown in...

Cactus (WHD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Plexus Holdings (LSE:POS) has secured a two-year engineering agreement with Cactus Wellhead LLC to design, develop and qualify a new generation of wellhead products for offshore energy projects. The work will draw on Plexus’s engineering expertise and testing facilities in Aberdeen, further strengthening its position as a specialist provider of advanced wellhead technology.

Plexus Holdings PLC (AIM:POS) has signed a two-year agreement with Cactus Wellhead, the international service company, to develop and qualify a range of wellhead products for offshore energy applications. The AIM-quoted wellhead services business will receive an initial commitment payment of...

Shares in Plexus Holdings PLC (AIM:POS) rose 14% to 3.37p on Monday after the oil equipment engineer announced an agreement with Cactus Wellhead to develop and qualify a range of surface wellhead products for offshore energy applications. The two-year deal brings an up-front payment of £1...