Expro Group (NYSE:XPRO) Coverage Initiated by Analysts at Pickering Energy Partners

Key Points

• Pickering Energy Partners has initiated coverage on Expro Group (NYSE:XPRO) with an "outperform" rating, indicating positive prospects for the stock.
• Other analysts, such as Wells Fargo and Barclays, have assigned ratings ranging from "overweight" to "neutral," with price targets fluctuating between $10.00 and $12.00.
• Expro Group's stock has seen significant institutional investment, with major holdings from firms like T. Rowe Price and Vanguard, which collectively own over 92% of the company's stock.

Equities researchers at Pickering Energy Partners initiated coverage on shares of Expro Group (NYSE:XPRO - Get Free Report) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm set an "outperform" rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Barclays reduced their price objective on shares of Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Piper Sandler assumed coverage on shares of Expro Group in a research note on Tuesday, July 15th. They issued a "neutral" rating and a $10.00 price objective on the stock. The Goldman Sachs Group reduced their price objective on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, Wells Fargo & Company began coverage on shares of Expro Group in a research note on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.50.

Expro Group Trading Down 1.2%

XPRO stock traded down $0.13 during trading on Monday, hitting $10.75. The company had a trading volume of 1,133,661 shares, compared to its average volume of 1,241,105. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $8.94 and a 200-day moving average price of $10.05. Expro Group has a 12 month low of $6.70 and a 12 month high of $23.33. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 17.58 and a beta of 1.17.

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 for the quarter, topping the consensus estimate of $0.12 by $0.04. Expro Group had a net margin of 4.26% and a return on equity of 6.46%. The firm had revenue of $422.74 million during the quarter, compared to analysts' expectations of $408.04 million. As a group, analysts predict that Expro Group will post 0.68 earnings per share for the current year.

Institutional Investors Weigh In On Expro Group

Several large investors have recently bought and sold shares of XPRO. Earnest Partners LLC lifted its stake in Expro Group by 60.0% in the first quarter. Earnest Partners LLC now owns 7,140,421 shares of the company's stock valued at $70,976,000 after buying an additional 2,678,489 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Expro Group by 27.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock valued at $138,736,000 after purchasing an additional 2,426,258 shares in the last quarter. Millennium Management LLC bought a new position in Expro Group in the fourth quarter valued at approximately $21,711,000. Brown Advisory Inc. raised its stake in shares of Expro Group by 108.3% during the 4th quarter. Brown Advisory Inc. now owns 1,686,177 shares of the company's stock worth $21,027,000 after purchasing an additional 876,619 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Expro Group by 20.4% during the 1st quarter. American Century Companies Inc. now owns 5,065,985 shares of the company's stock worth $50,356,000 after purchasing an additional 859,000 shares in the last quarter. Institutional investors own 92.07% of the company's stock.

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.