Expro Group (NYSE:XPRO) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Expro Group to “Hold,” while analyst opinions remain mixed; the stock has an average “Hold” rating and an average price target of $18.00.
• Expro Group opened at $16.45, with a $1.85 billion market capitalization and a 52-week trading range of $11.60 to $19.23.
• The company reported quarterly earnings of $0.15 per share, below the $0.17 consensus estimate, while revenue of $393.18 million exceeded expectations but declined 7% year over year.

Expro Group (NYSE:XPRO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also recently issued reports on XPRO. Weiss Ratings upgraded shares of Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $19.00 price target on Expro Group in a report on Thursday, June 4th. KeyCorp raised shares of Expro Group to a "neutral" rating in a research note on Thursday, June 4th. Zacks Research upgraded shares of Expro Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 15th. Finally, Barclays cut their price target on shares of Expro Group from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Expro Group currently has an average rating of "Hold" and an average target price of $18.00.

Expro Group Trading Up 0.3%

NYSE:XPRO opened at $16.45 on Friday. Expro Group has a 52-week low of $11.60 and a 52-week high of $19.23. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $17.15 and a 200-day simple moving average of $16.47. The company has a market capitalization of $1.85 billion, a PE ratio of 91.36 and a beta of 0.92.

Expro Group (NYSE:XPRO - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The business had revenue of $393.18 million for the quarter, compared to analysts' expectations of $387.36 million. During the same quarter last year, the business posted $0.30 earnings per share. The business's revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts expect that Expro Group will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expro Group

A number of hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp acquired a new stake in Expro Group during the 2nd quarter valued at $20,502,000. Wellington Management Group LLP purchased a new stake in shares of Expro Group during the second quarter worth about $3,063,000. Empowered Funds LLC purchased a new stake in shares of Expro Group during the second quarter worth about $8,206,000. Public Employees Retirement System of Ohio acquired a new position in shares of Expro Group in the second quarter worth about $1,234,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Expro Group in the second quarter worth about $255,000. Hedge funds and other institutional investors own 92.07% of the company's stock.

Expro Group Company Profile

Expro Group, Inc provides energy services for offshore and onshore oil and natural gas wells. The company supports customers throughout the well life cycle, from exploration and appraisal through development, production, intervention and decommissioning.

Its services include well testing and evaluation, well flow management, subsea well access, well intervention, production optimization and well construction support. Expro also provides equipment and technologies designed to improve well performance, manage pressure and fluids, and support safe and efficient operations in challenging environments.

Expro serves exploration and production companies, primarily across international markets including the North Sea, the Gulf of Mexico, the Middle East, Africa, Asia-Pacific and Latin America.

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