Barclays Raises Expro Group (NYSE:XPRO) Price Target to $21.00

Expro Group (NYSE:XPRO) had its target price upped by equities research analysts at Barclays from $16.00 to $21.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 18.45% from the company’s previous close.

A number of other research firms have also commented on XPRO. The Goldman Sachs Group raised their price target on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st. Finally, Piper Sandler lowered shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target on the stock. in a research note on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Expro Group currently has a consensus rating of “Hold” and a consensus target price of $15.25.

Expro Group Trading Down 0.3%

Expro Group stock traded down $0.06 during midday trading on Monday, hitting $17.73. 353,808 shares of the stock were exchanged, compared to its average volume of 1,076,343. The stock has a market capitalization of $2.02 billion, a PE ratio of 39.32 and a beta of 1.01. The company has a fifty day simple moving average of $15.14 and a two-hundred day simple moving average of $13.64. The company has a quick ratio of 1.79, a current ratio of 2.16 and a debt-to-equity ratio of 0.06. Expro Group has a 52 week low of $6.70 and a 52 week high of $18.73.

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

Institutional Trading of Expro Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in Expro Group by 20.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock valued at $147,264,000 after buying an additional 1,878,245 shares during the last quarter. Vanguard Group Inc. boosted its position in Expro Group by 0.4% during the third quarter. Vanguard Group Inc. now owns 10,626,402 shares of the company’s stock valued at $126,242,000 after purchasing an additional 38,826 shares during the last quarter. American Century Companies Inc. increased its position in shares of Expro Group by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock worth $47,879,000 after purchasing an additional 507,805 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Expro Group by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,383,833 shares of the company’s stock worth $71,876,000 after buying an additional 432,477 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in Expro Group in the fourth quarter valued at $58,165,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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.