Barclays Raises Expro Group (NYSE:XPRO) Price Target to $15.00

Key Points

• Barclays has increased its price target for Expro Group (NYSE:XPRO) to $15.00, suggesting a potential upside of 38.76% from the company's previous close.
• Other analysts have varied opinions on Expro Group, with ratings ranging from "neutral" with a $10.00 target from Piper Sandler to "overweight" with a $12.00 target from Wells Fargo.
• Expro Group reported earnings of $0.16 EPS, exceeding estimates, with revenue of $422.74 million for the most recent quarter.

Expro Group (NYSE:XPRO - Get Free Report) had its price target upped by research analysts at Barclays from $12.00 to $15.00 in a report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's target price points to a potential upside of 38.76% from the company's previous close.

Several other research firms have also issued reports on XPRO. Pickering Energy Partners assumed coverage on shares of Expro Group in a research report on Monday. They issued an "outperform" rating on the stock. Piper Sandler assumed coverage on shares of Expro Group in a research report on Tuesday, July 15th. They issued a "neutral" rating and a $10.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of Expro Group in a research report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price target on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.25.

Expro Group Stock Performance

NYSE:XPRO opened at $10.81 on Friday. Expro Group has a 1 year low of $6.70 and a 1 year high of $21.57. The firm's fifty day simple moving average is $9.00 and its 200 day simple moving average is $10.03. The company has a current ratio of 2.14, a quick ratio of 1.74 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.25 billion, a PE ratio of 17.91 and a beta of 1.17.

Expro Group (NYSE:XPRO - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. Expro Group had a net margin of 4.26% and a return on equity of 6.43%. The business had revenue of $422.74 million for the quarter, compared to analyst estimates of $408.04 million. On average, sell-side analysts anticipate that Expro Group will post 0.68 EPS for the current year.

Institutional Trading of Expro Group

Institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its holdings in Expro Group by 2,394.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company's stock valued at $26,000 after purchasing an additional 2,897 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Expro Group during the 2nd quarter valued at about $347,000. Verdence Capital Advisors LLC lifted its holdings in Expro Group by 4.5% during the 2nd quarter. Verdence Capital Advisors LLC now owns 34,740 shares of the company's stock valued at $298,000 after purchasing an additional 1,508 shares during the last quarter. CWM LLC lifted its holdings in Expro Group by 603.7% during the 2nd quarter. CWM LLC now owns 25,729 shares of the company's stock valued at $221,000 after purchasing an additional 22,073 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Expro Group during the 2nd quarter valued at about $105,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.

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