Barclays Forecasts Strong Price Appreciation for Expro Group (NYSE:XPRO) Stock

Expro Group (NYSE:XPRO) had its target price raised by stock analysts at Barclays from $16.00 to $21.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 18.45% from the company’s previous close.

A number of other analysts also recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Piper Sandler lowered Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group lifted their price target on shares of Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.25.

Expro Group Stock Performance

Shares of NYSE XPRO traded down $0.06 during trading hours on Monday, hitting $17.73. 353,808 shares of the stock were exchanged, compared to its average volume of 1,076,343. Expro Group has a one year low of $6.70 and a one year high of $18.73. The company’s 50 day moving average is $15.14 and its 200 day moving average is $13.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.16 and a quick ratio of 1.79. The firm has a market capitalization of $2.02 billion, a P/E ratio of 39.32 and a beta of 1.01.

Expro Group (NYSE:XPRO) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $382.13 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $0.19 earnings per share. On average, research analysts expect that Expro Group will post 0.68 EPS for the current year.

Institutional Trading of Expro Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in shares of Expro Group by 47.3% in the 1st quarter. AQR Capital Management LLC now owns 161,099 shares of the company’s stock valued at $1,601,000 after purchasing an additional 51,727 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Expro Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company’s stock valued at $559,000 after acquiring an additional 2,463 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Expro Group by 47.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock worth $8,982,000 after acquiring an additional 292,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Expro Group by 17.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 282,788 shares of the company’s stock valued at $2,811,000 after acquiring an additional 42,203 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Expro Group by 732.6% during the 1st quarter. Jane Street Group LLC now owns 421,163 shares of the company’s stock valued at $4,186,000 after acquiring an additional 370,579 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

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.