Expro Group (NYSE:XPRO) Sets New 12-Month Low on Analyst Downgrade

Expro Group Holdings N.V. (NYSE:XPRO) shares reached a new 52-week low on Thursday after Barclays downgraded the stock from an overweight rating to an equal weight rating. Barclays now has a $14.00 price target on the stock, down from their previous price target of $19.00. Expro Group traded as low as $12.43 and last traded at $12.5520, with a volume of 1,024,388 shares trading hands. The stock had previously closed at $13.86.

A number of other brokerages have also recently weighed in on XPRO. Wall Street Zen upgraded shares of Expro Group to a “hold” rating in a research note on Saturday, September 19th. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Piper Sandler cut their target price on Expro Group from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Expro Group in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Expro Group has an average rating of “Hold” and a consensus target price of $16.00.

Institutional Investors Weigh In On Expro Group

Several hedge funds have recently bought and sold shares of the business. Bank of America Corp DE purchased a new position in shares of Expro Group during the second quarter worth approximately $5,518,000. Public Employees Retirement System of Ohio acquired a new position in shares of Expro Group in the 2nd quarter valued at approximately $1,234,000. Wedge Capital Management L L P NC bought a new position in Expro Group in the second quarter worth about $1,419,000. Jennison Associates LLC increased its stake in shares of Expro Group by 7.9% in the first quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock valued at $81,816,000 after purchasing an additional 342,449 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of Expro Group in the 2nd quarter worth $2,550,000. Institutional investors own 92.07% of the company’s stock.

Expro Group Trading Down 8.4%

The company has a 50-day simple moving average of $16.70 and a 200-day simple moving average of $16.46. The stock has a market cap of $1.43 billion, a P/E ratio of 1,269.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.69 and a current ratio of 2.05.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). Expro Group had a return on equity of 2.78% and a net margin of 0.10%. The business had revenue of $439.94 million during the quarter, compared to the consensus estimate of $442.36 million. During the same period in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts forecast that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

About Expro Group

Expro Group, Inc provides energy services and technologies that support the exploration, development, and production of oil and natural gas wells. The company helps operators manage wells throughout their life cycles, from drilling and completion through production, intervention, and abandonment.

Its offerings include well construction and well management services, well flow management, subsea services, and well intervention and integrity solutions. These services are designed to improve operational efficiency, safety, well performance, and reservoir recovery in both offshore and onshore environments.

Headquartered in Houston, Texas, Expro serves energy companies across major oil and gas producing regions worldwide, including North America, the North Sea, the Middle East, Africa, Asia-Pacific, and Latin America.