Expro Group Holdings N.V. (NYSE:XPRO) Stock Has Consensus Target Price of $16.00 According to Analysts

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $16.00.

Several equities research analysts have recently issued reports on XPRO shares. Barclays cut shares of Expro Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $19.00 to $14.00 in a research report on Thursday. Wall Street Zen upgraded Expro Group to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Expro Group in a report on Tuesday, October 27th. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Piper Sandler lowered their price objective on Expro Group from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Wednesday.

Institutional Investors Weigh In On Expro Group

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Expro Group in the second quarter valued at approximately $117,773,000. Dimensional Fund Advisors LP lifted its position in shares of Expro Group by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after purchasing an additional 533,741 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Expro Group by 7.9% in the first quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock valued at $81,816,000 after acquiring an additional 342,449 shares in the last quarter. Webs Creek Capital Management LP purchased a new stake in shares of Expro Group in the second quarter worth approximately $41,746,474. Finally, William Blair Investment Management LLC bought a new stake in Expro Group in the 2nd quarter valued at $25,762,000. 92.07% of the stock is owned by institutional investors.

Expro Group Price Performance

Shares of NYSE XPRO opened at $13.21 on Friday. The business has a 50-day moving average of $16.51 and a 200-day moving average of $16.43. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 1,321.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.05 and a quick ratio of 1.69. Expro Group has a 1-year low of $12.43 and a 1-year high of $19.23.

Expro Group (NYSE:XPRO) last announced its earnings results on Tuesday, November 3rd. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). The firm had revenue of $439.94 million during the quarter, compared to the consensus estimate of $442.36 million. Expro Group had a return on equity of 3.28% and a net margin of 1.33%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. On average, equities analysts anticipate that Expro Group will post 0.53 EPS for the current fiscal year.

About Expro Group

Expro Group, Inc provides energy services and technologies that support the exploration, development, and production of oil and natural gas wells. The company helps operators manage wells throughout their life cycles, from drilling and completion through production, intervention, and abandonment.

Its offerings include well construction and well management services, well flow management, subsea services, and well intervention and integrity solutions. These services are designed to improve operational efficiency, safety, well performance, and reservoir recovery in both offshore and onshore environments.

Headquartered in Houston, Texas, Expro serves energy companies across major oil and gas producing regions worldwide, including North America, the North Sea, the Middle East, Africa, Asia-Pacific, and Latin America.