Brokerages Set Expro Group Holdings N.V. (NYSE:XPRO) Target Price at $15.25

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have been given a consensus rating of “Hold” by the seven analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.25.

A number of research firms have weighed in on XPRO. Freedom Capital cut shares of Expro Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st. Piper Sandler downgraded Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a report on Thursday, December 18th. Finally, Barclays lifted their price objective on Expro Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd.

Expro Group Stock Down 0.8%

NYSE XPRO opened at $16.66 on Monday. The business has a 50 day moving average price of $15.95 and a two-hundred day moving average price of $14.06. Expro Group has a fifty-two week low of $6.70 and a fifty-two week high of $18.73. The company has a quick ratio of 1.79, a current ratio of 2.16 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.90 billion, a PE ratio of 37.03 and a beta of 0.91.

Expro Group (NYSE:XPRO) last announced 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 net margin of 3.22% and a return on equity of 5.09%. The business had revenue of $382.13 million during the quarter, compared to the consensus estimate of $413.47 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that Expro Group will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC acquired a new stake in shares of Expro Group in the 4th quarter valued at about $58,165,000. Price T Rowe Associates Inc. MD raised its stake in Expro Group by 20.5% during the fourth 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 in the last quarter. Bridgeway Capital Management LLC bought a new position in Expro Group during the 4th quarter worth approximately $12,263,000. Boston Partners grew its position in shares of Expro Group by 73.8% in the 2nd quarter. Boston Partners now owns 1,342,405 shares of the company’s stock worth $11,536,000 after acquiring an additional 569,977 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Expro Group by 70.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,251,514 shares of the company’s stock valued at $16,708,000 after acquiring an additional 518,210 shares during the last quarter. 92.07% of the stock is 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.