Expro Group Holdings N.V. (NYSE:XPRO) Receives $16.00 Average PT from Analysts

Expro Group Holdings N.V. (NYSE:XPRO) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.00.

XPRO has been the subject of several research analyst reports. Piper Sandler lifted their price objective on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, April 15th. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st. Barclays lifted their price target on Expro Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Finally, Freedom Capital lowered shares of Expro Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th.

Expro Group Stock Down 0.6%

XPRO opened at $17.05 on Tuesday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 37.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.79 and a current ratio of 2.16. The firm’s 50-day simple moving average is $16.95 and its 200-day simple moving average is $15.16. Expro Group has a twelve month low of $7.57 and a twelve month high of $18.73.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Expro Group had a net margin of 3.22% and a return on equity of 5.09%. The firm had revenue of $382.13 million during the quarter, compared to the consensus estimate of $413.47 million. During the same period last year, the firm posted $0.19 EPS. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. Equities research analysts anticipate that Expro Group will post 0.3 EPS for the current fiscal year.

Institutional Trading of Expro Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jennison Associates LLC bought a new position in Expro Group in the 4th quarter valued at $58,165,000. Price T Rowe Associates Inc. MD boosted its holdings in Expro Group by 20.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock valued at $147,264,000 after acquiring an additional 1,878,245 shares during the last quarter. Bridgeway Capital Management LLC acquired a new stake in Expro Group in the fourth quarter worth about $12,263,000. Goldman Sachs Group Inc. raised its holdings in Expro Group by 70.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,251,514 shares of the company’s stock worth $16,708,000 after purchasing an additional 518,210 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Expro Group during the 4th quarter valued at about $6,897,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

About Expro Group

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.