Expro Group (NYSE:XPRO) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Expro Group (NYSE:XPRO) in a report issued on Friday. The firm set a “neutral” rating and a $18.00 price target on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 61.87% from the stock’s current price.

Separately, Barclays lowered their price objective on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th.

Expro Group Trading Down 2.5 %

Shares of XPRO traded down $0.28 during mid-day trading on Friday, reaching $11.12. 216,067 shares of the company were exchanged, compared to its average volume of 1,081,037. The business has a 50 day simple moving average of $14.29 and a two-hundred day simple moving average of $18.44. Expro Group has a 52 week low of $11.09 and a 52 week high of $24.50. The stock has a market capitalization of $1.31 billion, a PE ratio of 79.51, a PEG ratio of 1.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98.

Expro Group (NYSE:XPRO) last released its earnings results on Thursday, October 24th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $422.83 million for the quarter, compared to analysts’ expectations of $436.62 million. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) EPS. On average, analysts predict that Expro Group will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expro Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in shares of Expro Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 5,594,611 shares of the company’s stock valued at $128,229,000 after purchasing an additional 320,112 shares during the period. Earnest Partners LLC lifted its position in Expro Group by 3.0% during the 2nd quarter. Earnest Partners LLC now owns 4,752,815 shares of the company’s stock valued at $108,935,000 after purchasing an additional 140,617 shares during the period. Dimensional Fund Advisors LP grew its stake in Expro Group by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company’s stock valued at $76,435,000 after acquiring an additional 219,432 shares during the period. State Street Corp lifted its position in Expro Group by 7.6% during the 3rd quarter. State Street Corp now owns 2,692,260 shares of the company’s stock worth $46,226,000 after buying an additional 189,085 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Expro Group by 9.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,326,582 shares of the company’s stock valued at $39,956,000 after acquiring an additional 199,554 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.