Expro Group (NYSE:XPRO) Stock Price Expected to Rise, Piper Sandler Analyst Says

Expro Group (NYSE:XPRO) had its price objective boosted by stock analysts at Piper Sandler from $13.00 to $16.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Piper Sandler’s price target indicates a potential downside of 0.59% from the company’s current price.

Several other analysts have also recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Barclays upped their target price on shares of Expro Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Finally, Freedom Capital cut shares of Expro Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.00.

Expro Group Stock Performance

Shares of Expro Group stock opened at $16.10 on Wednesday. The firm has a fifty day moving average of $16.95 and a two-hundred day moving average of $15.01. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 35.77 and a beta of 0.96. Expro Group has a 52 week low of $7.57 and a 52 week high of $18.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.79 and a current ratio of 2.16.

Expro Group (NYSE:XPRO) last issued its earnings results on Thursday, February 19th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $382.13 million during the quarter, compared to analysts’ expectations of $413.47 million. Expro Group had a net margin of 3.22% and a return on equity of 5.09%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. As a group, equities research analysts predict that Expro Group will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Expro Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPRO. GAMMA Investing LLC boosted its stake in Expro Group by 54.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after purchasing an additional 871 shares during the period. State of Alaska Department of Revenue acquired a new position in Expro Group in the 3rd quarter worth $47,000. Global Retirement Partners LLC acquired a new position in Expro Group in the 4th quarter worth $51,000. Quadrant Capital Group LLC boosted its stake in Expro Group by 2,978.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after purchasing an additional 3,813 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Expro Group in the 4th quarter worth $69,000. 92.07% of the stock is owned by institutional investors and hedge funds.

Expro Group Company Profile

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.