Analysts Set Expro Group Holdings N.V. (NYSE:XPRO) PT at $14.00

Expro Group Holdings N.V. (NYSE:XPRO) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.00.

Several analysts have weighed in on the stock. Barclays boosted their price target on shares of Expro Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group lifted their price objective on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th. Finally, Piper Sandler lowered Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target on the stock. in a research report on Thursday.

Expro Group Stock Performance

NYSE:XPRO opened at $12.97 on Wednesday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 21.98 and a beta of 1.04. The business has a 50 day moving average of $13.64 and a 200 day moving average of $11.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.11 and a quick ratio of 1.74. Expro Group has a 1-year low of $6.70 and a 1-year high of $15.04.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. Expro Group had a net margin of 4.15% and a return on equity of 6.41%. The firm had revenue of $411.36 million for the quarter, compared to the consensus estimate of $426.65 million. During the same period last year, the firm posted $0.23 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Expro Group will post 0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Expro Group by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,626,402 shares of the company’s stock worth $126,242,000 after acquiring an additional 38,826 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Expro Group by 60.0% during the first quarter. Earnest Partners LLC now owns 7,140,421 shares of the company’s stock worth $70,976,000 after purchasing an additional 2,678,489 shares during the period. American Century Companies Inc. grew its stake in shares of Expro Group by 10.0% in the second quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock worth $47,879,000 after purchasing an additional 507,805 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 period. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Expro Group by 37.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,050,542 shares of the company’s stock valued at $20,382,000 after purchasing an additional 557,750 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

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.