Expro Group Holdings N.V. (NYSE:XPRO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.00.

A number of equities research analysts have commented on XPRO shares. Barclays decreased their price objective on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. The Goldman Sachs Group set a $19.00 price target on shares of Expro Group in a report on Thursday, June 4th. Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. KeyCorp upgraded Expro Group to a “neutral” rating in a report on Thursday, June 4th. Finally, Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th.

Expro Group Trading Up 0.4%

Expro Group stock opened at $18.30 on Monday. The company has a 50 day moving average price of $15.85 and a 200 day moving average price of $16.36. 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. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 101.67 and a beta of 0.90.

Expro Group (NYSE:XPRO) last announced its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $393.18 million for the quarter, compared to analyst estimates of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. Expro Group’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Research analysts forecast that Expro Group will post 0.53 EPS for the current year.

Insiders Place Their Bets

In other news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the completion of the sale, the director directly owned 47,648 shares of the company’s stock, valued at $721,390.72. This trade represents a 11.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expro Group

Hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new stake in Expro Group in the fourth quarter worth $58,165,000. Wedge Capital Management L L P NC bought a new position in Expro Group during the second quarter valued at about $1,419,000. Dimensional Fund Advisors LP raised its holdings in Expro Group by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock valued at $103,023,000 after buying an additional 533,741 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Expro Group in the second quarter worth about $25,762,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Expro Group in the fourth quarter worth about $690,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

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.