Expro Group Holdings N.V. (NYSE:XPRO) Stock Has Consensus Price Target of $18.00 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Expro Group, with two sell, two hold, two buy and one strong-buy recommendation. The average 12-month price target is $18.00, above the stock’s reported $16.16 price.
• Institutional ownership is substantial at 92.07%. BlackRock and several other investment managers established new positions during the second quarter.
• Expro Group’s latest quarterly results were mixed: revenue of $393.18 million exceeded estimates, but EPS of $0.15 missed the $0.17 consensus, while revenue declined 7% year over year.

Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report) has received a consensus rating of "Hold" from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.00.

XPRO has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Expro Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 15th. Barclays decreased their target price on shares of Expro Group from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Expro Group to a "hold" rating in a report on Saturday, September 19th.

Hedge Funds Weigh In On Expro Group

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Expro Group during the second quarter worth approximately $117,773,000. Webs Creek Capital Management LP purchased a new position in shares of Expro Group in the 2nd quarter valued at $41,746,474. William Blair Investment Management LLC purchased a new position in shares of Expro Group in the 2nd quarter valued at $25,762,000. Van ECK Associates Corp acquired a new position in shares of Expro Group during the 2nd quarter valued at $20,502,000. Finally, Empowered Funds LLC acquired a new position in shares of Expro Group during the 2nd quarter valued at $8,206,000. Institutional investors and hedge funds own 92.07% of the company's stock.

Expro Group Price Performance

XPRO stock opened at $16.16 on Tuesday. Expro Group has a 52-week low of $11.92 and a 52-week high of $19.23. The stock's fifty day simple moving average is $17.28 and its 200-day simple moving average is $16.40. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 89.79 and a beta of 0.96.

Expro Group (NYSE:XPRO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.28%. The business had revenue of $393.18 million during the quarter, compared to analysts' expectations of $387.36 million. During the same period in the prior year, the firm earned $0.30 EPS. Expro Group's revenue for the quarter was down 7.0% on a year-over-year basis. Equities research analysts expect that Expro Group will post 0.53 EPS for the current year.

About Expro Group

Expro Group, Inc is an energy services company that provides products and services used throughout the life cycle of oil and natural gas wells. Its offerings support well construction, well integrity, completion, production, intervention and decommissioning activities for exploration and production companies.

The company's services include well testing and flowback, subsea well access, well intervention, production optimization, tubular running and well-construction services. Expro also provides equipment and technologies designed to help operators manage well pressure, evaluate reservoir performance, maintain well integrity and improve the safety and efficiency of field operations.

Expro serves customers in offshore and onshore energy markets across multiple regions, including North America, Latin America, Europe, the Middle East and Africa, and Asia-Pacific.

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