Expro Group (NYSE:XPRO) Price Target Raised to $11.00 at Piper Sandler

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 - Free Report) had its price target upped by Piper Sandler from $10.00 to $11.00 in a research report released on Thursday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other research firms also recently weighed in on XPRO. Wells Fargo & Company started coverage on shares of Expro Group in a research report on Tuesday, May 27th. They set an "overweight" rating and a $12.00 price target for the company. Pickering Energy Partners started coverage on shares of Expro Group in a research report on Monday, July 28th. They set an "outperform" rating for the company. Finally, Barclays raised their price target on shares of Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Expro Group presently has an average rating of "Moderate Buy" and a consensus target price of $12.50.

Expro Group Stock Up 0.6%

Shares of XPRO traded up $0.0650 during mid-day trading on Thursday, reaching $11.1850. 326,801 shares of the stock traded hands, compared to its average volume of 1,236,866. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 18.33 and a beta of 1.20. The stock has a fifty day simple moving average of $9.51 and a 200 day simple moving average of $9.69. Expro Group has a 12-month low of $6.70 and a 12-month high of $21.28. The company has a quick ratio of 1.78, a current ratio of 2.14 and a debt-to-equity ratio of 0.09.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $422.74 million for the quarter, compared to analyst estimates of $408.04 million. Expro Group had a net margin of 4.26% and a return on equity of 6.43%. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Expro Group will post 0.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Expro Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Expro Group by 594.7% during the second quarter. Tower Research Capital LLC TRC now owns 11,942 shares of the company's stock valued at $103,000 after acquiring an additional 10,223 shares during the period. Boothbay Fund Management LLC acquired a new stake in Expro Group in the second quarter worth about $812,000. Balyasny Asset Management L.P. lifted its holdings in Expro Group by 113.7% in the second quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company's stock worth $8,069,000 after purchasing an additional 499,826 shares during the period. Bank of America Corp DE lifted its holdings in Expro Group by 12.4% in the second quarter. Bank of America Corp DE now owns 531,510 shares of the company's stock worth $4,566,000 after purchasing an additional 58,821 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Expro Group by 20.1% in the second quarter. Ameriprise Financial Inc. now owns 424,085 shares of the company's stock worth $3,643,000 after purchasing an additional 70,960 shares during the period. Institutional investors and hedge funds own 92.07% of the company's stock.

About Expro Group

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.