Expro Group (NYSE:XPRO) Reaches New 52-Week High Following Analyst Upgrade

Expro Group Holdings N.V. (NYSE:XPRO) reached a new 52-week high on Tuesday after Barclays raised their price target on the stock from $16.00 to $21.00. Barclays currently has an overweight rating on the stock. Expro Group traded as high as $18.73 and last traded at $18.1180, with a volume of 1910963 shares trading hands. The stock had previously closed at $17.79.

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

Hedge Funds Weigh In On Expro Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. boosted its position in Expro Group by 22.1% during the fourth quarter. Invesco Ltd. now owns 350,086 shares of the company’s stock worth $4,674,000 after acquiring an additional 63,273 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Expro Group during the 4th quarter worth $207,000. Mackenzie Financial Corp acquired a new stake in shares of Expro Group during the fourth quarter worth $203,000. Man Group plc acquired a new stake in shares of Expro Group during the fourth quarter worth $297,000. Finally, Gotham Asset Management LLC grew its position in shares of Expro Group by 104.6% in the fourth quarter. Gotham Asset Management LLC now owns 83,795 shares of the company’s stock valued at $1,119,000 after purchasing an additional 42,843 shares during the period. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Price Performance

The company has a 50 day moving average of $15.33 and a 200 day moving average of $13.75. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 39.49 and a beta of 1.01. The company has a quick ratio of 1.79, a current ratio of 2.16 and a debt-to-equity ratio of 0.06.

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