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

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have earned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $16.50.

XPRO has been the subject of several research analyst reports. Freedom Capital lowered Expro Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Weiss Ratings lowered Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Barclays upped their price objective on Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Piper Sandler upped their price objective on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th.

Expro Group Trading Down 1.4%

Shares of XPRO stock opened at $15.81 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. Expro Group has a 1 year low of $7.57 and a 1 year high of $18.73. The stock has a fifty day moving average of $16.82 and a two-hundred day moving average of $15.56. The firm has a market capitalization of $1.79 billion, a PE ratio of 49.39 and a beta of 0.97.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $382.13 million during the quarter, compared to analyst estimates of $413.47 million. Expro Group had a return on equity of 3.91% and a net margin of 2.32%.The company’s revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. As a group, research analysts expect that Expro Group will post 0.3 EPS for the current year.

Institutional Trading of Expro Group

Institutional investors have recently modified their holdings of the company. KBC Group NV acquired a new stake in shares of Expro Group in the first quarter valued at $45,000. State of Alaska Department of Revenue acquired a new stake in shares of Expro Group during the third quarter worth $47,000. Global Retirement Partners LLC acquired a new stake in shares of Expro Group during the fourth quarter worth $51,000. Quadrant Capital Group LLC raised its position in shares of Expro Group by 2,978.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after purchasing an additional 3,813 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Expro Group during the fourth quarter worth $69,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

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.