Brokerages Set Expro Group Holdings N.V. (NYSE:XPRO) Target Price at $18.00

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.00.

XPRO has been the subject of a number of recent research reports. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. The Goldman Sachs Group set a $19.00 price objective on Expro Group in a report on Thursday, June 4th. Barclays lowered their price objective on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. KeyCorp raised Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Finally, Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th.

Insider Buying and Selling at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the completion of the sale, the director directly owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in shares of Expro Group by 1,346.7% during the second quarter. California State Teachers Retirement System now owns 1,822,175 shares of the company’s stock valued at $26,914,000 after acquiring an additional 1,696,221 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Expro Group in the 2nd quarter valued at approximately $20,502,000. Wellington Management Group LLP acquired a new position in shares of Expro Group in the 2nd quarter worth approximately $3,063,000. Empowered Funds LLC acquired a new position in shares of Expro Group in the 2nd quarter worth approximately $8,206,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Expro Group during the 2nd quarter worth approximately $1,234,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Stock Down 0.1%

NYSE XPRO opened at $17.59 on Monday. The business has a fifty day moving average price of $16.16 and a 200 day moving average price of $16.41. The company has a market cap of $1.98 billion, a P/E ratio of 97.72 and a beta of 0.90. 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 one year low of $11.60 and a one year high of $19.23.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The business had revenue of $393.18 million during the quarter, compared to analysts’ expectations of $387.36 million. During the same period in the prior year, the business posted $0.30 earnings per share. The business’s quarterly revenue was down 7.0% on a year-over-year basis. Research analysts anticipate that Expro Group will post 0.53 EPS for the current fiscal year.

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.