Expro Group (NYSE:XPRO) Reaches New 52-Week High After Analyst Upgrade

Expro Group Holdings N.V. (NYSE:XPRO) reached a new 52-week high on Tuesday after Barclays raised their price target on the stock from $16.00 to $21.00. Barclays currently has an overweight rating on the stock. Expro Group traded as high as $18.73 and last traded at $18.1180, with a volume of 1910963 shares changing hands. The stock had previously closed at $17.79.

A number of other research analysts also recently issued reports on XPRO. Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. The Goldman Sachs Group lifted their price target on shares of Expro Group from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Piper Sandler cut shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price objective on the stock. in a research report on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.25.

Institutional Investors Weigh In On Expro Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake 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 worth $29,000 after buying an additional 871 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Expro Group by 2,394.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after purchasing an additional 2,897 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Expro Group in the fourth quarter worth $51,000. Quadrant Capital Group LLC grew 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 valued at $53,000 after purchasing an additional 3,813 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Expro Group during the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Stock Up 1.8%

The stock has a 50 day moving average price of $15.23 and a 200 day moving average price of $13.69. 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 company has a market capitalization of $2.06 billion, a P/E ratio of 40.26 and a beta of 1.01.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $382.13 million during the quarter, compared to the consensus estimate of $413.47 million. Expro Group had a net margin of 3.22% and a return on equity of 5.09%. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. Equities research analysts forecast that Expro Group Holdings N.V. will post 0.68 earnings per share for the current fiscal year.

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.