Barclays Lowers Expro Group (NYSE:XPRO) Price Target to $18.00

Expro Group (NYSE:XPROGet Free Report) had its price objective reduced by Barclays from $28.00 to $18.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 35.85% from the stock’s current price.

Expro Group Price Performance

Shares of NYSE:XPRO opened at $13.25 on Monday. Expro Group has a 1-year low of $12.81 and a 1-year high of $24.50. The firm has a market capitalization of $1.56 billion, a PE ratio of -101.92, a PEG ratio of 1.72 and a beta of 0.96. The business’s 50 day moving average is $17.52 and its 200-day moving average is $19.97. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPROGet Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Expro Group had a positive return on equity of 1.43% and a negative net margin of 0.84%. The company had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. During the same quarter last year, the firm earned ($0.11) EPS. Expro Group’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts predict that Expro Group will post 0.77 earnings per share for the current year.

Institutional Trading of Expro Group

Several institutional investors have recently bought and sold shares of XPRO. SG Americas Securities LLC bought a new position in Expro Group in the 1st quarter valued at $141,000. nVerses Capital LLC bought a new position in Expro Group in the 2nd quarter valued at $183,000. Transatlantique Private Wealth LLC bought a new position in Expro Group in the 2nd quarter valued at $214,000. Algert Global LLC bought a new position in Expro Group in the 2nd quarter valued at $217,000. Finally, Paloma Partners Management Co bought a new position in Expro Group in the 1st quarter valued at $239,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

About Expro Group

(Get Free Report)

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 solutions.

Further Reading

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