Piper Sandler Boosts Expro Group (NYSE:XPRO) Price Target to $11.00

Expro Group (NYSE:XPRO) had its target price hoisted by Piper Sandler from $10.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price target indicates a potential upside of 0.46% from the company’s previous close.

XPRO has been the topic of a number of other research reports. Barclays boosted their target price on shares of Expro Group from $12.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wells Fargo & Company initiated coverage on shares of Expro Group in a research report on Tuesday, May 27th. They set an “overweight” rating and a $12.00 target price on the stock. Finally, Pickering Energy Partners initiated coverage on shares of Expro Group in a research report on Monday, July 28th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Expro Group Stock Performance

NYSE:XPRO opened at $10.95 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. Expro Group has a twelve month low of $6.70 and a twelve month high of $21.57. The company has a fifty day moving average of $9.47 and a 200-day moving average of $9.75. The firm has a market capitalization of $1.27 billion, a P/E ratio of 17.95 and a beta of 1.20.

Expro Group (NYSE:XPRO) last released its earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Expro Group had a net margin of 4.26% and a return on equity of 6.43%. The company had revenue of $422.74 million for the quarter, compared to the consensus estimate of $408.04 million. As a group, sell-side analysts anticipate that Expro Group will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in Expro Group by 594.7% during the second quarter. Tower Research Capital LLC TRC now owns 11,942 shares of the company’s stock worth $103,000 after buying an additional 10,223 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Expro Group in the 2nd quarter worth $812,000. Balyasny Asset Management L.P. grew its stake in shares of Expro Group by 113.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company’s stock worth $8,069,000 after acquiring an additional 499,826 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Expro Group by 12.4% in the 2nd quarter. Bank of America Corp DE now owns 531,510 shares of the company’s stock worth $4,566,000 after acquiring an additional 58,821 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Expro Group by 20.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 424,085 shares of the company’s stock worth $3,643,000 after acquiring an additional 70,960 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

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.