Piper Sandler Trims Expro Group (NYSE:XPRO) Target Price to $20.00

Expro Group (NYSE:XPROGet Rating) had its price objective reduced by equities research analysts at Piper Sandler from $22.50 to $20.00 in a research note issued on Thursday, The Fly reports. Piper Sandler’s target price suggests a potential upside of 56.13% from the company’s current price.

Separately, Zacks Investment Research lowered Expro Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th.

NYSE:XPRO opened at $12.81 on Thursday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -7.54 and a beta of 1.18. Expro Group has a 52-week low of $11.35 and a 52-week high of $24.27. The stock has a fifty day moving average of $16.17 and a 200 day moving average of $15.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.93 and a current ratio of 2.31.

Expro Group (NYSE:XPROGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.13. The company had revenue of $295.67 million during the quarter, compared to analyst estimates of $325.70 million. Expro Group had a negative return on equity of 1.95% and a negative net margin of 16.28%. Equities analysts forecast that Expro Group will post 0.4 earnings per share for the current fiscal year.

In other news, Director D. Keith Mosing sold 35,000 shares of Expro Group stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $16.00, for a total value of $560,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPRO. Strs Ohio purchased a new position in shares of Expro Group in the fourth quarter worth about $154,000. Allspring Global Investments Holdings LLC purchased a new position in Expro Group during the 4th quarter valued at about $148,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Expro Group during the 4th quarter valued at about $29,000. SeaBridge Investment Advisors LLC purchased a new position in Expro Group during the 4th quarter valued at about $430,000. Finally, New York State Common Retirement Fund purchased a new position in Expro Group during the 4th quarter valued at about $308,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Expro Group Company Profile (Get Rating)

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity services.

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