Expro Group Holdings N.V. (NYSE:XPRO) Stock Has Consensus Price Target of $16.00

Expro Group Holdings N.V. (NYSE:XPRO) has received an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $16.00.

XPRO has been the subject of a number of research reports. Barclays downgraded shares of Expro Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $19.00 to $14.00 in a research note on Thursday. Piper Sandler dropped their target price on shares of Expro Group from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Expro Group in a report on Tuesday, October 27th. Wall Street Zen upgraded Expro Group to a “hold” rating in a report on Saturday, September 19th. Finally, Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th.

Expro Group Trading Up 2.9%

Shares of NYSE:XPRO opened at $13.21 on Friday. Expro Group has a twelve month low of $12.43 and a twelve month high of $19.23. The firm has a market cap of $1.48 billion, a P/E ratio of 1,321.50 and a beta of 0.99. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $16.51 and a 200-day moving average of $16.43.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The firm had revenue of $439.94 million during the quarter, compared to analyst estimates of $442.36 million. Expro Group had a return on equity of 3.28% and a net margin of 1.33%. Expro Group’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. As a group, analysts anticipate that Expro Group will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in Expro Group during the 2nd quarter valued at approximately $5,518,000. Public Employees Retirement System of Ohio purchased a new position in shares of Expro Group in the second quarter valued at approximately $1,234,000. Wedge Capital Management L L P NC purchased a new stake in shares of Expro Group in the second quarter valued at about $1,419,000. Jennison Associates LLC raised its stake in Expro Group by 7.9% during the first quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock worth $81,816,000 after purchasing an additional 342,449 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Expro Group during the 2nd quarter worth $4,582,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

About Expro Group

Expro Group, Inc provides energy services and technologies that support the exploration, development, and production of oil and natural gas wells. The company helps operators manage wells throughout their life cycles, from drilling and completion through production, intervention, and abandonment.

Its offerings include well construction and well management services, well flow management, subsea services, and well intervention and integrity solutions. These services are designed to improve operational efficiency, safety, well performance, and reservoir recovery in both offshore and onshore environments.

Headquartered in Houston, Texas, Expro serves energy companies across major oil and gas producing regions worldwide, including North America, the North Sea, the Middle East, Africa, Asia-Pacific, and Latin America.