Expro Group (NYSE:XPRO) Upgraded to "Overweight" at Barclays

Barclays upgraded shares of Expro Group (NYSE:XPRO - Free Report) from an equal weight rating to an overweight rating in a research note published on Tuesday morning, MarketBeat.com reports. Barclays currently has $27.00 price objective on the stock, up from their previous price objective of $18.00.

Expro Group Stock Up 4.0 %

Shares of XPRO stock traded up $0.81 during trading hours on Tuesday, reaching $20.99. 1,805,913 shares of the stock were exchanged, compared to its average volume of 882,961. Expro Group has a 12-month low of $14.33 and a 12-month high of $25.04. The business's fifty day moving average is $19.31 and its two-hundred day moving average is $17.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.50. The firm has a market capitalization of $2.32 billion, a P/E ratio of -116.61 and a beta of 0.93.

Expro Group (NYSE:XPRO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). The firm had revenue of $406.75 million during the quarter, compared to analysts' expectations of $382.91 million. Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. As a group, research analysts expect that Expro Group will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Expro Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its holdings in shares of Expro Group by 93,847.1% in the 4th quarter. Federated Hermes Inc. now owns 175,681 shares of the company's stock valued at $2,797,000 after buying an additional 175,494 shares in the last quarter. Glenorchy Capital Ltd purchased a new position in shares of Expro Group during the fourth quarter worth about $838,000. Capricorn Fund Managers Ltd acquired a new stake in shares of Expro Group during the fourth quarter worth about $159,000. Essex Investment Management Co. LLC acquired a new stake in shares of Expro Group in the 3rd quarter valued at about $2,050,000. Finally, Invesco Ltd. grew its stake in Expro Group by 92.8% during the 3rd quarter. Invesco Ltd. now owns 380,932 shares of the company's stock worth $8,849,000 after buying an additional 183,312 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

Expro Group Company Profile

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.