Expro Group (NYSE:XPRO) Stock Rating Lowered by Freedom Capital

Expro Group (NYSE:XPRO) was downgraded by analysts at Freedom Capital from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

XPRO has been the topic of several other reports. Piper Sandler downgraded Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price on the stock. in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Barclays boosted their target price 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, The Goldman Sachs Group upped their target price 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. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.25.

Expro Group Stock Performance

NYSE:XPRO opened at $16.81 on Wednesday. The firm’s fifty day simple moving average is $15.88 and its 200 day simple moving average is $14.02. The company has a current ratio of 2.16, a quick ratio of 1.79 and a debt-to-equity ratio of 0.06. Expro Group has a twelve month low of $6.70 and a twelve month high of $18.73. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 37.36 and a beta of 0.91.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $382.13 million during the quarter, compared to the consensus estimate of $413.47 million. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. As a group, equities research analysts expect that Expro Group will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Expro Group

A number of hedge funds have recently made changes to their positions in XPRO. GAMMA Investing LLC raised its holdings in Expro Group by 54.3% in the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after acquiring an additional 871 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Expro Group by 2,394.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after purchasing an additional 2,897 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Expro Group in the 4th quarter valued at about $51,000. Quadrant Capital Group LLC raised its stake in shares of Expro Group by 2,978.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after purchasing an additional 3,813 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Expro Group during the third quarter worth about $47,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

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.