Expro Group (NYSE:XPRO) Price Target Raised to $13.00 at Piper Sandler

Expro Group (NYSE:XPRO) had its price objective boosted by Piper Sandler from $11.00 to $13.00 in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently commented on XPRO. Barclays lifted their target price on Expro Group from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Pickering Energy Partners started coverage on Expro Group in a research report on Monday, July 28th. They set an “outperform” rating on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.25.

Expro Group Stock Up 0.6%

XPRO opened at $13.88 on Tuesday. The business’s 50-day simple moving average is $12.48 and its 200-day simple moving average is $10.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 2.11. Expro Group has a one year low of $6.70 and a one year high of $14.97. The stock has a market capitalization of $1.58 billion, a P/E ratio of 23.53 and a beta of 1.11.

Expro Group (NYSE:XPRO) last posted its earnings results on Thursday, October 23rd. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Expro Group had a return on equity of 6.41% and a net margin of 4.15%.The business had revenue of $411.36 million for the quarter, compared to analysts’ expectations of $426.65 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. Expro Group has set its FY 2025 guidance at EPS. Analysts anticipate that Expro Group will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Expro Group

Several institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Expro Group in the 3rd quarter valued at approximately $47,000. KLP Kapitalforvaltning AS boosted its holdings in Expro Group by 26.4% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 22,483 shares of the company’s stock valued at $267,000 after purchasing an additional 4,700 shares in the last quarter. CWM LLC boosted its holdings in Expro Group by 19.5% in the 3rd quarter. CWM LLC now owns 30,751 shares of the company’s stock valued at $365,000 after purchasing an additional 5,022 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Expro Group in the 3rd quarter valued at approximately $4,823,000. Finally, Voya Investment Management LLC boosted its holdings in Expro Group by 53.8% in the 3rd quarter. Voya Investment Management LLC now owns 43,625 shares of the company’s stock valued at $518,000 after purchasing an additional 15,256 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.