Analysts Set Expro Group Holdings N.V. (NYSE:XPRO) PT at $18.33

Expro Group Holdings N.V. (NYSE:XPRO) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.00.

XPRO has been the topic of several recent research reports. KeyCorp raised shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. Piper Sandler raised their target price on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 15th. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Barclays decreased their price target on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, Freedom Capital upgraded shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th.

Expro Group Stock Performance

Shares of XPRO opened at $16.29 on Thursday. Expro Group has a 12-month low of $9.81 and a 12-month high of $18.73. The company’s 50 day simple moving average is $15.28 and its 200-day simple moving average is $16.17. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.83 billion, a PE ratio of 90.51 and a beta of 0.90.

Expro Group (NYSE:XPRO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The company had revenue of $393.18 million for the quarter, compared to analyst estimates of $387.36 million. During the same period in the prior year, the business earned $0.30 earnings per share. Expro Group’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, equities analysts predict that Expro Group will post 0.53 EPS for the current year.

Insider Buying and Selling at Expro Group

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the completion of the sale, the director owned 47,648 shares in the company, valued at $721,390.72. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Expro Group

Several hedge funds and other institutional investors have recently made changes to their positions in XPRO. KBC Group NV bought a new stake in shares of Expro Group in the 1st quarter worth approximately $45,000. Global Retirement Partners LLC acquired a new stake in Expro Group during the 4th quarter worth about $51,000. Quadrant Capital Group LLC lifted its position in Expro Group by 2,978.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after buying an additional 3,813 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Expro Group in the fourth quarter valued at about $69,000. Finally, Royal Bank of Canada grew its stake in shares of Expro Group by 43.8% in the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after buying an additional 1,222 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.