Expro Group (NYSE:XPRO) Given New $16.00 Price Target at Barclays

Expro Group (NYSE:XPRO) had its price objective increased by Barclays from $15.00 to $16.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on XPRO. Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, October 8th. Pickering Energy Partners initiated coverage on Expro Group in a research report on Monday, July 28th. They issued an “outperform” rating for the company. Finally, Piper Sandler increased their price objective on Expro Group from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Expro Group Price Performance

Shares of Expro Group stock opened at $13.88 on Tuesday. The firm has a fifty day simple moving average of $12.48 and a 200-day simple moving average of $10.20. The company has a current ratio of 2.11, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07. Expro Group has a 1-year low of $6.70 and a 1-year high of $14.97. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 23.53 and a beta of 1.11.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Expro Group had a return on equity of 6.41% and a net margin of 4.15%.The company had revenue of $411.36 million during the quarter, compared to analysts’ expectations of $426.65 million. During the same period in the prior year, the business earned $0.23 earnings per share. Expro Group’s revenue for the quarter was down 2.7% compared to the same quarter last year. Expro Group has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Expro Group will post 0.68 earnings per share for the current year.

Institutional Trading of Expro Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPRO. Nisa Investment Advisors LLC grew its position in shares of Expro Group by 2,394.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after buying an additional 2,897 shares during the period. GAMMA Investing LLC increased its position in shares of Expro Group by 54.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after buying an additional 871 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Expro Group in the 3rd quarter valued at $47,000. Pallas Capital Advisors LLC bought a new stake in shares of Expro Group in the 2nd quarter valued at $90,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Expro Group by 13.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company’s stock valued at $91,000 after buying an additional 1,265 shares in the last quarter. 92.07% of the stock is owned by institutional investors.

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.