Brokerages Set Expro Group Holdings N.V. (NYSE:XPRO) Price Target at $15.25

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have received an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $15.25.

A number of research firms have recently weighed in on XPRO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st. The Goldman Sachs Group boosted their price objective on shares of Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Barclays upped their target price on shares of Expro Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, Piper Sandler cut shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a report on Thursday, December 18th.

Expro Group Stock Performance

Shares of XPRO stock opened at $16.45 on Monday. The company has a current ratio of 2.16, a quick ratio of 1.79 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $15.81 and a 200-day simple moving average of $14.01. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 36.56 and a beta of 0.91. Expro Group has a 12-month low of $6.70 and a 12-month high of $18.73.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $382.13 million for the quarter, compared to the consensus estimate of $413.47 million. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. On average, equities analysts forecast that Expro Group will post 0.68 EPS for the current year.

Institutional Trading of Expro Group

Institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its holdings in Expro Group by 22.1% in the fourth quarter. Invesco Ltd. now owns 350,086 shares of the company’s stock valued at $4,674,000 after purchasing an additional 63,273 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Expro Group in the fourth quarter valued at approximately $207,000. Mackenzie Financial Corp acquired a new stake in shares of Expro Group in the fourth quarter valued at approximately $203,000. Man Group plc purchased a new position in shares of Expro Group during the 4th quarter worth approximately $297,000. Finally, Gotham Asset Management LLC raised its position in shares of Expro Group by 104.6% during the 4th quarter. Gotham Asset Management LLC now owns 83,795 shares of the company’s stock worth $1,119,000 after purchasing an additional 42,843 shares during the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

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.