Expro Group Holdings N.V. (NYSE:XPRO) Receives Average Rating of “Hold” from Analysts

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.00.

Several research analysts recently commented on the stock. Freedom Capital upgraded shares of Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. KeyCorp raised Expro Group to a “neutral” rating in a research report on Thursday, June 4th. Finally, The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research report on Thursday, June 4th.

Expro Group Trading Up 0.4%

Shares of XPRO stock opened at $18.30 on Monday. Expro Group has a 12 month low of $11.60 and a 12 month high of $19.23. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $15.85 and its two-hundred day moving average is $16.36. The company has a market cap of $2.06 billion, a PE ratio of 101.67 and a beta of 0.90.

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

Insiders Place Their Bets

In other news, Director Eileen Goss Whelley sold 6,168 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the sale, the director owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. This represents a 11.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp bought a new position in Expro Group in the 2nd quarter worth approximately $20,502,000. Wellington Management Group LLP acquired a new stake in shares of Expro Group in the 2nd quarter valued at $3,063,000. Empowered Funds LLC bought a new stake in shares of Expro Group during the second quarter worth $8,206,000. Public Employees Retirement System of Ohio bought a new stake in shares of Expro Group during the second quarter worth $1,234,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Expro Group during the second quarter valued at $255,000. 92.07% of the stock is owned by institutional investors.

Expro Group Company Profile

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.