Expro Group (NYSE:XPRO) Lowered to Strong Sell Rating by Freedom Capital

Expro Group (NYSE:XPRO) was downgraded by stock analysts at Freedom Capital from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Piper Sandler lowered Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price objective on the stock. in a research note on Thursday, December 18th. Barclays increased their target price on Expro Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, The Goldman Sachs Group lifted 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. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.25.

Expro Group Trading Up 2.3%

Expro Group stock opened at $16.81 on Wednesday. The firm has a 50 day simple moving average of $15.88 and a 200-day simple moving average of $14.02. The stock has a market capitalization of $1.91 billion, a PE ratio of 37.36 and a beta of 0.91. Expro Group has a 12-month low of $6.70 and a 12-month high of $18.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.16 and a quick ratio of 1.79.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in Expro Group by 2,394.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after purchasing an additional 2,897 shares during the period. GAMMA Investing LLC increased its holdings in Expro Group by 54.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after buying an additional 871 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Expro Group in the 3rd quarter valued at $47,000. Global Retirement Partners LLC bought a new position in shares of Expro Group during the 4th quarter worth about $51,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Expro Group by 2,978.9% during the 4th 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 in the last quarter. 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.