Expro Group Holdings N.V. (NYSE:XPRO) Given Average Recommendation of “Hold” by Analysts

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have received a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $15.25.

Several research analysts have weighed in on XPRO shares. Freedom Capital lowered shares of Expro Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st. Barclays increased their price target on shares of Expro Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, 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 research note on Thursday, December 18th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of Expro Group by 8.6% during the third quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after acquiring an additional 799 shares during the period. GAMMA Investing LLC increased its holdings in shares of Expro Group by 54.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after acquiring an additional 871 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Expro Group by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock worth $4,429,000 after acquiring an additional 945 shares during the period. Focus Partners Wealth lifted its position in Expro Group by 5.9% in the 3rd quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock valued at $206,000 after purchasing an additional 954 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in Expro Group by 13.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company’s stock valued at $91,000 after purchasing an additional 1,265 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Stock Performance

Shares of XPRO opened at $17.44 on Friday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 38.75 and a beta of 0.91. 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 business’s 50 day moving average is $16.78 and its two-hundred day moving average is $14.68. Expro Group has a 52-week low of $6.70 and a 52-week high of $18.73.

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

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.