Expro Group (NYSE:XPRO) Price Target Raised 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 - Free Report) had its target price boosted by Barclays from $12.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts also recently issued reports on XPRO. Piper Sandler assumed coverage on Expro Group in a report on Tuesday, July 15th. They issued a "neutral" rating and a $10.00 price target on the stock. Wells Fargo & Company started coverage on Expro Group in a report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price objective for the company. Pickering Energy Partners started coverage on Expro Group in a report on Monday, July 28th. They issued an "outperform" rating for the company. Finally, The Goldman Sachs Group reduced their price target on Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Expro Group has an average rating of "Moderate Buy" and a consensus target price of $12.25.

Expro Group Price Performance

NYSE XPRO traded up $0.44 during trading on Friday, hitting $10.86. 1,236,459 shares of the stock traded hands, compared to its average volume of 1,245,410. The company has a market capitalization of $1.26 billion, a P/E ratio of 17.80 and a beta of 1.20. Expro Group has a 12-month low of $6.70 and a 12-month high of $21.57. The firm has a 50-day simple moving average of $9.11 and a 200-day simple moving average of $9.91. The company has a quick ratio of 1.78, a current ratio of 2.14 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $422.74 million during the quarter, compared to analysts' expectations of $408.04 million. Expro Group had a return on equity of 6.43% and a net margin of 4.26%. As a group, analysts predict that Expro Group will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XPRO. Nisa Investment Advisors LLC boosted its position 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 worth $26,000 after purchasing an additional 2,897 shares during the period. Sterling Capital Management LLC raised its stake in Expro Group by 824.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock worth $38,000 after acquiring an additional 2,705 shares during the period. Fifth Third Bancorp acquired a new stake in Expro Group during the first quarter worth about $87,000. Pallas Capital Advisors LLC acquired a new stake in shares of Expro Group in the second quarter valued at approximately $90,000. Finally, Brighton Jones LLC bought a new position in shares of Expro Group in the first quarter valued at approximately $103,000. 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.