Expro Group (NYSE:XPRO) Hits New 12-Month High Following Analyst Upgrade

Expro Group Holdings N.V. (NYSE:XPRO) shares hit a new 52-week high during mid-day trading on Tuesday after Barclays raised their price target on the stock from $16.00 to $21.00. Barclays currently has an overweight rating on the stock. Expro Group traded as high as $18.73 and last traded at $18.1180, with a volume of 1910963 shares traded. The stock had previously closed at $17.79.

XPRO has been the subject of a number of other reports. Piper Sandler lowered 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 report on Thursday, December 18th. The Goldman Sachs Group raised their target price on shares of Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.25.

Institutional Investors Weigh In On Expro Group

A number of institutional investors have recently added to or reduced their stakes in XPRO. Invesco Ltd. raised its position in Expro Group by 22.1% during the fourth quarter. Invesco Ltd. now owns 350,086 shares of the company’s stock worth $4,674,000 after acquiring an additional 63,273 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Expro Group during the fourth quarter worth about $207,000. Mackenzie Financial Corp acquired a new position in shares of Expro Group during the 4th quarter worth about $203,000. Man Group plc purchased a new position in Expro Group in the 4th quarter valued at about $297,000. Finally, Gotham Asset Management LLC boosted its holdings in Expro Group by 104.6% in the 4th quarter. Gotham Asset Management LLC now owns 83,795 shares of the company’s stock worth $1,119,000 after buying an additional 42,843 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Trading Down 2.5%

The company has a 50 day simple moving average of $15.41 and a 200 day simple moving average of $13.77. The company has a market capitalization of $1.97 billion, a PE ratio of 38.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.79 and a current ratio of 2.16.

Expro Group (NYSE:XPRO) last released its earnings results on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.The business had revenue of $382.13 million for the quarter, compared to the consensus estimate of $413.47 million. During the same quarter last year, the business posted $0.19 earnings per share. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. Analysts anticipate that Expro Group Holdings N.V. will post 0.68 earnings per share for the current year.

Expro Group Company Profile

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.