Expro Group (NYSE:XPRO) Stock Rating Upgraded by Freedom Capital

Expro Group (NYSE:XPRO) was upgraded by investment analysts at Freedom Capital from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on XPRO. Piper Sandler increased their target price on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 15th. Barclays increased their target price on shares of Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.50.

Expro Group Trading Down 1.2%

Shares of XPRO opened at $16.34 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. The firm has a market cap of $1.85 billion, a P/E ratio of 51.05 and a beta of 0.97. Expro Group has a fifty-two week low of $7.57 and a fifty-two week high of $18.73. The business has a 50-day moving average of $16.80 and a 200 day moving average of $15.61.

Expro Group (NYSE:XPRO) last issued its earnings results on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $382.13 million during the quarter, compared to analyst estimates of $413.47 million. Expro Group had a net margin of 2.32% and a return on equity of 3.91%. The company’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share. As a group, research analysts forecast that Expro Group will post 0.3 EPS for the current year.

Hedge Funds Weigh In On Expro Group

Large investors have recently modified their holdings of the company. KBC Group NV bought a new position in shares of Expro Group in the first quarter valued at approximately $45,000. State of Alaska Department of Revenue bought a new position in shares of Expro Group in the third quarter valued at approximately $47,000. Global Retirement Partners LLC bought a new position in shares of Expro Group in the fourth quarter valued at approximately $51,000. Quadrant Capital Group LLC boosted its position in shares of Expro Group by 2,978.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after acquiring an additional 3,813 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Expro Group in the fourth quarter valued at approximately $69,000. 92.07% of the stock is currently owned by 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.