Piper Sandler Forecasts Strong Price Appreciation for Expro Group (NYSE:XPRO) Stock

Key Points

• Piper Sandler has raised Expro Group's price target from $10.00 to $11.00, indicating a potential upside of 6.44% from the stock's current price while maintaining a "neutral" rating.
• Other firms, including Wells Fargo and Barclays, have expressed more favorable views, with Barclays suggesting a target of $15.00, highlighting a mix of ratings among analysts with an average rating of "Moderate Buy."
• Expro Group reported $0.16 earnings per share for its last quarter, exceeding analysts' expectations, and projects a total of 0.68 EPS for the current fiscal year.

Expro Group (NYSE:XPRO - Get Free Report) had its price objective raised by equities research analysts at Piper Sandler from $10.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Piper Sandler's target price points to a potential upside of 6.44% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company initiated coverage on shares of Expro Group in a report on Tuesday, May 27th. They set an "overweight" rating and a $12.00 price objective for the company. Pickering Energy Partners initiated coverage on Expro Group in a research note on Monday, July 28th. They issued an "outperform" rating on the stock. Finally, Barclays lifted their price objective on Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.50.

Expro Group Stock Performance

Shares of XPRO stock traded down $0.51 during trading hours on Thursday, reaching $10.33. 106,646 shares of the company traded hands, compared to its average volume of 1,234,593. Expro Group has a 12-month low of $6.70 and a 12-month high of $21.57. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 1.78. The company has a market cap of $1.19 billion, a P/E ratio of 16.95 and a beta of 1.20. The firm has a 50-day moving average price of $9.38 and a 200 day moving average price of $9.79.

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, beating analysts' consensus estimates of $0.12 by $0.04. Expro Group had a return on equity of 6.43% and a net margin of 4.26%. The firm had revenue of $422.74 million for the quarter, compared to analysts' expectations of $408.04 million. As a group, sell-side analysts predict that Expro Group will post 0.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expro Group

Several hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its position in Expro Group by 27.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock valued at $138,736,000 after acquiring an additional 2,426,258 shares during the last quarter. Earnest Partners LLC grew its position in Expro Group by 60.0% in the 1st quarter. Earnest Partners LLC now owns 7,140,421 shares of the company's stock valued at $70,976,000 after acquiring an additional 2,678,489 shares during the last quarter. American Century Companies Inc. grew its position in shares of Expro Group by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 5,573,790 shares of the company's stock worth $47,879,000 after buying an additional 507,805 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Expro Group by 18.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company's stock valued at $59,283,000 after buying an additional 728,836 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Expro Group by 11.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,376,250 shares of the company's stock valued at $54,573,000 after buying an additional 436,411 shares during the period. 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.

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