Expro Group Holdings N.V. (NYSE:XPRO) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Expro an average rating of Hold based on seven analysts (2 sell, 2 hold, 3 buy) with an average 12‑month price target of $15.25, though coverage is polarized—Barclays raised its target to $21 (overweight) while Piper Sandler and Freedom Capital issued downgrades.
• In the latest quarter Expro reported EPS of $0.21 (in line with estimates) but revenue missed at $382.1M, down 12.5% YoY; the stock trades near $17.82 with a $2.03B market cap, a PE of ~39.6, and roughly 92% institutional ownership.

Shares of Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report) have been assigned an average rating of "Hold" from the seven analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $15.25.

Several research analysts have weighed in on XPRO shares. Piper Sandler downgraded Expro Group from a "neutral" rating to an "underweight" rating and set a $13.00 price target for the company. in a research note on Thursday, December 18th. Barclays lifted their price objective on shares of Expro Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Expro Group in a report on Wednesday, January 21st. Finally, Freedom Capital cut shares of Expro Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 4th.

Expro Group Price Performance

NYSE:XPRO opened at $17.82 on Friday. The business's 50-day simple moving average is $16.69 and its two-hundred day simple moving average is $14.54. Expro Group has a 52 week low of $6.70 and a 52 week high of $18.73. The stock has a market cap of $2.03 billion, a PE ratio of 39.59 and a beta of 0.91. The company has a quick ratio of 1.79, a current ratio of 2.16 and a debt-to-equity ratio of 0.06.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.The firm had revenue of $382.13 million during the quarter, compared to analyst estimates of $413.47 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The business's quarterly revenue was down 12.5% compared to the same quarter last year. As a group, analysts forecast that Expro Group will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XPRO. GAMMA Investing LLC lifted its position in shares of Expro Group by 54.3% in the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company's stock worth $29,000 after buying an additional 871 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Expro Group during the third quarter valued at approximately $47,000. Global Retirement Partners LLC bought a new position in Expro Group during the fourth quarter valued at approximately $51,000. Quadrant Capital Group LLC grew its holdings in Expro Group by 2,978.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company's stock valued at $53,000 after buying an additional 3,813 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Expro Group during the 4th quarter valued at approximately $69,000. Hedge funds and other institutional investors own 92.07% of the company's stock.

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.

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