Expro Group Holdings N.V. (NYSE:XPRO) Receives Average Rating of “Hold” from Analysts

Expro Group Holdings N.V. (NYSE:XPRO) has received an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.00.

A number of research analysts have recently issued reports on the company. KeyCorp raised Expro Group to a “neutral” rating in a report on Thursday, June 4th. Wall Street Zen raised Expro Group to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings raised shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a report on Thursday, June 4th.

Institutional Investors Weigh In On Expro Group

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada boosted 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 acquiring an additional 1,222 shares during the last quarter. KBC Group NV bought a new stake in Expro Group in the first quarter worth $45,000. Keybank National Association OH increased its position in Expro Group by 11.0% in the first quarter. Keybank National Association OH now owns 26,105 shares of the company’s stock worth $454,000 after purchasing an additional 2,596 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Expro Group during the second quarter valued at $62,000. Finally, Legato Capital Management LLC raised its stake in Expro Group by 9.7% during the fourth quarter. Legato Capital Management LLC now owns 48,000 shares of the company’s stock valued at $641,000 after purchasing an additional 4,249 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors.

Expro Group Trading Up 1.2%

Shares of NYSE XPRO opened at $16.71 on Friday. The firm’s 50 day moving average price is $17.17 and its 200-day moving average price is $16.46. The company has a market cap of $1.88 billion, a PE ratio of 92.86 and a beta of 0.92. Expro Group has a 52-week low of $11.60 and a 52-week high of $19.23. 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 announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The firm had revenue of $393.18 million for the quarter, compared to the consensus estimate of $387.36 million. During the same period last year, the business earned $0.30 EPS. Expro Group’s revenue was down 7.0% on a year-over-year basis. On average, equities research analysts expect that Expro Group will post 0.53 EPS for the current fiscal year.

Expro Group Company Profile

Expro Group, Inc provides energy services for offshore and onshore oil and natural gas wells. The company supports customers throughout the well life cycle, from exploration and appraisal through development, production, intervention and decommissioning.

Its services include well testing and evaluation, well flow management, subsea well access, well intervention, production optimization and well construction support. Expro also provides equipment and technologies designed to improve well performance, manage pressure and fluids, and support safe and efficient operations in challenging environments.

Expro serves exploration and production companies, primarily across international markets including the North Sea, the Gulf of Mexico, the Middle East, Africa, Asia-Pacific and Latin America.