Expro Group (NYSE:XPRO) Price Target Raised to $15.00

Expro Group (NYSE:XPRO) had its target price increased by Barclays from $12.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company started coverage on shares of Expro Group in a research note on Tuesday, May 27th. They set an “overweight” rating and a $12.00 price objective for the company. Piper Sandler started coverage on shares of Expro Group in a research note on Tuesday, July 15th. They set a “neutral” rating and a $10.00 price objective for the company. Pickering Energy Partners started coverage on shares of Expro Group in a research note on Monday, July 28th. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group dropped their price objective on shares of Expro Group from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.25.

Expro Group Trading Down 2.3%

Shares of XPRO stock opened at $10.53 on Friday. The firm has a 50-day moving average price of $9.06 and a 200 day moving average price of $9.94. Expro Group has a twelve month low of $6.70 and a twelve month high of $21.57. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 17.26 and a beta of 1.20. The company has a current ratio of 2.14, a quick ratio of 1.78 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO) last announced its earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Expro Group had a net margin of 4.26% and a return on equity of 6.43%. The firm had revenue of $422.74 million during the quarter, compared to the consensus estimate of $408.04 million. Research analysts forecast that Expro Group will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expro Group

Several institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its position in Expro Group by 2,394.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock valued at $26,000 after acquiring an additional 2,897 shares in the last quarter. Sterling Capital Management LLC grew its position in Expro Group by 824.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock valued at $38,000 after acquiring an additional 2,705 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Expro Group in the first quarter valued at approximately $87,000. Pallas Capital Advisors LLC acquired a new stake in Expro Group in the second quarter valued at approximately $90,000. Finally, Brighton Jones LLC acquired a new stake in Expro Group in the first quarter valued at approximately $103,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

About Expro Group

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.