Expro Group (NYSE:XPRO) Reaches New 1-Year High Following Analyst Upgrade

Expro Group Holdings N.V. (NYSE:XPRO)’s share price reached a new 52-week high during trading 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 changing hands. The stock had previously closed at $17.79.

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

Institutional Investors Weigh In On Expro Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Expro Group by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,451,214 shares of the company’s stock worth $21,058,000 after buying an additional 93,014 shares in the last quarter. Boston Partners lifted its holdings in shares of Expro Group by 73.8% during the 2nd quarter. Boston Partners now owns 1,342,405 shares of the company’s stock worth $11,536,000 after acquiring an additional 569,977 shares during the last quarter. LSV Asset Management purchased a new position in Expro Group in the second quarter worth $324,000. CWM LLC grew its position in Expro Group by 603.7% in the second quarter. CWM LLC now owns 25,729 shares of the company’s stock worth $221,000 after acquiring an additional 22,073 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in Expro Group in the third quarter valued at $4,823,000. 92.07% of the stock is currently owned by institutional investors.

Expro Group Stock Up 1.8%

The company has a quick ratio of 1.79, a current ratio of 2.16 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $15.23 and a two-hundred day simple moving average of $13.69. The firm has a market cap of $2.06 billion, a PE ratio of 40.26 and a beta of 1.01.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $382.13 million during the quarter, compared to analysts’ expectations of $413.47 million. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. Analysts expect that Expro Group Holdings N.V. 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.