Analysts Set Expro Group Holdings N.V. (NYSE:XPRO) Price Target at $16.50

Expro Group Holdings N.V. (NYSE:XPRO) has been given an average recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.50.

A number of research firms have issued reports on XPRO. Piper Sandler boosted their price target on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Barclays boosted their price target on Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings downgraded Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th.

Institutional Investors Weigh In On Expro Group

A number of large investors have recently made changes to their positions in the company. Amundi grew its stake in shares of Expro Group by 62.9% during the 1st quarter. Amundi now owns 44,071 shares of the company’s stock valued at $767,000 after purchasing an additional 17,010 shares during the period. California State Teachers Retirement System lifted its position in shares of Expro Group by 27.4% during the 1st quarter. California State Teachers Retirement System now owns 125,954 shares of the company’s stock valued at $2,193,000 after buying an additional 27,076 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Expro Group by 43.8% during the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after buying an additional 1,222 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Expro Group by 5.0% during the 1st quarter. Empowered Funds LLC now owns 542,539 shares of the company’s stock valued at $9,446,000 after buying an additional 25,914 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Expro Group by 14.4% during the 1st 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. 92.07% of the stock is currently owned by institutional investors.

Expro Group Price Performance

NYSE XPRO opened at $15.95 on Friday. Expro Group has a one year low of $7.59 and a one year high of $18.73. The stock has a 50-day moving average of $16.77 and a 200 day moving average of $15.65. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 49.83 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Expro Group had a return on equity of 3.91% and a net margin of 2.32%.The company had revenue of $382.13 million during the quarter, compared to the consensus estimate of $413.47 million. During the same period last year, the company earned $0.19 EPS. Expro Group’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, sell-side analysts forecast that Expro Group will post 0.3 EPS for the current year.

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.