Expro Group Holdings N.V. (NYSE:XPRO) Receives $14.00 Consensus PT from Brokerages

Expro Group Holdings N.V. (NYSE:XPRO) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.00.

A number of equities research analysts recently weighed in on XPRO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th. Piper Sandler downgraded shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a research note on Thursday, December 18th. Barclays boosted their price target on Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, The Goldman Sachs Group raised their price objective on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th.

Expro Group Price Performance

XPRO opened at $16.25 on Friday. The business has a fifty day moving average of $14.02 and a 200 day moving average of $12.41. The stock has a market cap of $1.85 billion, a P/E ratio of 27.54 and a beta of 1.00. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.07. Expro Group has a 52-week low of $6.70 and a 52-week high of $16.78.

Expro Group (NYSE:XPRO) last released its earnings results on Thursday, October 23rd. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $411.36 million during the quarter, compared to the consensus estimate of $426.65 million. Expro Group had a return on equity of 6.41% and a net margin of 4.15%.The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. As a group, sell-side analysts anticipate that Expro Group will post 0.68 EPS for the current year.

Institutional Trading of Expro Group

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Expro Group by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,626,402 shares of the company’s stock worth $126,242,000 after buying an additional 38,826 shares during the last quarter. American Century Companies Inc. boosted its stake in Expro Group by 10.0% in the second quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock valued at $47,879,000 after acquiring an additional 507,805 shares in the last quarter. Geode Capital Management LLC grew its holdings in Expro Group by 3.9% in the second quarter. Geode Capital Management LLC now owns 2,451,214 shares of the company’s stock worth $21,058,000 after purchasing an additional 93,014 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Expro Group by 35.3% in the second quarter. Qube Research & Technologies Ltd now owns 1,553,748 shares of the company’s stock worth $13,347,000 after purchasing an additional 405,168 shares during the last quarter. Finally, Boston Partners increased its position in shares of Expro Group by 6.9% during the third quarter. Boston Partners now owns 1,435,293 shares of the company’s stock worth $17,054,000 after purchasing an additional 92,888 shares in the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

About Expro Group

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.