Expro Group Holdings N.V. (NYSE:XPRO) Given Consensus Rating of “Hold” by Analysts

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $15.25.

Several research firms have recently commented on XPRO. Piper Sandler downgraded shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price objective for the company. in a research note on Thursday, December 18th. Barclays lifted their price target on Expro Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. The Goldman Sachs Group boosted their price target on Expro Group from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st.

Expro Group Price Performance

Shares of XPRO stock opened at $17.83 on Monday. Expro Group has a fifty-two week low of $6.70 and a fifty-two week high of $18.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.79 and a current ratio of 2.16. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 39.63 and a beta of 0.91. The stock’s 50-day simple moving average is $15.61 and its 200-day simple moving average is $13.90.

Expro Group (NYSE:XPRO) last released its earnings results on Thursday, February 19th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $382.13 million during the quarter, compared to analysts’ expectations of $413.47 million. Expro Group had a net margin of 3.22% and a return on equity of 5.09%. Expro Group’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. As a group, equities analysts forecast that Expro Group will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Expro Group

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Expro Group by 3.9% during the second quarter. Geode Capital Management LLC now owns 2,451,214 shares of the company’s stock valued at $21,058,000 after purchasing an additional 93,014 shares during the period. Boston Partners grew its position in Expro Group by 73.8% during the 2nd quarter. Boston Partners now owns 1,342,405 shares of the company’s stock worth $11,536,000 after purchasing an additional 569,977 shares during the period. LSV Asset Management purchased a new position in shares of Expro Group during the 2nd quarter valued at about $324,000. Pacer Advisors Inc. purchased a new position in shares of Expro Group during the 3rd quarter valued at about $4,823,000. Finally, American Century Companies Inc. lifted its holdings in shares of Expro Group by 10.0% in the 2nd quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock valued at $47,879,000 after buying an additional 507,805 shares during the period. 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.