Freedom Capital Upgrades Expro Group (NYSE:XPRO) to Hold

Expro Group (NYSE:XPRO) was upgraded by investment analysts at Freedom Capital from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

XPRO has been the subject of a number of other reports. Piper Sandler upped their price target on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th. Barclays upped their target price on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings lowered shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Expro Group has an average rating of “Hold” and an average target price of $16.50.

Expro Group Price Performance

XPRO stock opened at $16.34 on Monday. Expro Group has a 12 month low of $7.57 and a 12 month high of $18.73. The firm has a market capitalization of $1.85 billion, a P/E ratio of 51.05 and a beta of 0.97. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $16.80 and a 200-day moving average of $15.61.

Expro Group (NYSE:XPRO) last announced its 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. Expro Group had a net margin of 2.32% and a return on equity of 3.91%. The business had revenue of $382.13 million during the quarter, compared to analyst estimates of $413.47 million. During the same period in the previous year, the business posted $0.19 earnings per share. Expro Group’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, sell-side analysts predict that Expro Group will post 0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expro Group

Several institutional investors have recently made changes to their positions in the company. Amundi increased its stake in shares of Expro Group by 62.9% during the first quarter. Amundi now owns 44,071 shares of the company’s stock valued at $767,000 after buying an additional 17,010 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Expro Group by 27.4% during the first quarter. California State Teachers Retirement System now owns 125,954 shares of the company’s stock worth $2,193,000 after purchasing an additional 27,076 shares during the period. Royal Bank of Canada lifted its holdings in Expro Group by 43.8% in the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after acquiring an additional 1,222 shares during the period. Empowered Funds LLC lifted its holdings in Expro Group by 5.0% in the first quarter. Empowered Funds LLC now owns 542,539 shares of the company’s stock valued at $9,446,000 after acquiring an additional 25,914 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of Expro Group by 14.4% in the first quarter. Quantinno Capital Management LP now owns 63,496 shares of the company’s stock valued at $1,105,000 after buying an additional 8,001 shares in the last quarter. Hedge funds and other institutional investors 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.