Expro Group Holdings N.V. (NYSE:XPRO) Receives $15.25 Average PT from Brokerages

Expro Group Holdings N.V. (NYSE:XPRO) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $15.25.

A number of analysts recently issued reports on XPRO shares. Piper Sandler lowered Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price objective on the stock. in a research note on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Barclays lifted their target price on shares of Expro Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Finally, Freedom Capital lowered shares of Expro Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Expro Group by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,451,214 shares of the company’s stock valued at $21,058,000 after purchasing an additional 93,014 shares during the last quarter. Boston Partners lifted its position in Expro Group by 73.8% in the 2nd quarter. Boston Partners now owns 1,342,405 shares of the company’s stock worth $11,536,000 after buying an additional 569,977 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Expro Group in the third quarter worth approximately $4,823,000. American Century Companies Inc. grew its position in Expro Group by 10.0% during the second quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock valued at $47,879,000 after acquiring an additional 507,805 shares during the last quarter. Finally, Insight Wealth Strategies LLC purchased a new position in shares of Expro Group during the fourth quarter worth approximately $3,571,000. Institutional investors own 92.07% of the company’s stock.

Expro Group Trading Up 2.5%

NYSE:XPRO opened at $16.66 on Friday. Expro Group has a 12 month low of $6.70 and a 12 month high of $18.73. The company has a current ratio of 2.16, a quick ratio of 1.79 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $16.80 and its 200 day moving average is $14.70. The stock has a market capitalization of $1.90 billion, a PE ratio of 37.02 and a beta of 0.96.

Expro Group (NYSE:XPRO) last released its earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.The business had revenue of $382.13 million during the quarter, compared to the consensus estimate of $413.47 million. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. Sell-side analysts expect that Expro Group will post 0.68 earnings per share 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.