Expro Group Holdings N.V. (NYSE:XPRO) Receives $14.00 Average Target Price from Analysts

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have been assigned an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.

XPRO has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Expro Group from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, October 8th. Barclays boosted their price objective on Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Piper Sandler lowered shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price on the stock. in a research report on Thursday, December 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XPRO. Charles Schwab Investment Management Inc. raised its holdings in shares of Expro Group by 7.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,239,957 shares of the company’s stock valued at $12,325,000 after buying an additional 82,402 shares during the last quarter. Deutsche Bank AG raised its stake in Expro Group by 68.8% during the 1st quarter. Deutsche Bank AG now owns 155,663 shares of the company’s stock valued at $1,547,000 after acquiring an additional 63,445 shares during the last quarter. Nuveen LLC acquired a new stake in Expro Group during the 1st quarter worth approximately $8,231,000. HighTower Advisors LLC purchased a new position in shares of Expro Group in the 1st quarter valued at approximately $125,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Expro Group by 2,369.5% in the first quarter. Russell Investments Group Ltd. now owns 200,274 shares of the company’s stock valued at $1,991,000 after purchasing an additional 192,164 shares during the period. 92.07% of the stock is owned by hedge funds and other institutional investors.

Expro Group Stock Performance

Shares of Expro Group stock opened at $13.60 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.07. Expro Group has a 52 week low of $6.70 and a 52 week high of $15.04. The firm’s 50 day moving average is $13.68 and its two-hundred day moving average is $11.77. The firm has a market capitalization of $1.54 billion, a P/E ratio of 23.04 and a beta of 1.04.

Expro Group (NYSE:XPRO) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $411.36 million during the quarter, compared to the consensus estimate of $426.65 million. Expro Group had a net margin of 4.15% and a return on equity of 6.41%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. Research 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.