Expro Group Holdings N.V. (XPRO) – What Are Brokerages Thinking About This Stock?

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

A number of equities analysts have recently issued reports on the company. Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded Expro Group to a “hold” rating in a research report on Saturday, September 19th. Barclays decreased their target price on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th.

Hedge Funds Weigh In On Expro Group

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Expro Group during the second quarter valued at about $117,773,000. Webs Creek Capital Management LP bought a new position in shares of Expro Group during the 2nd quarter worth about $41,746,474. William Blair Investment Management LLC acquired a new stake in shares of Expro Group in the 2nd quarter valued at about $25,762,000. Van ECK Associates Corp acquired a new stake in shares of Expro Group in the 2nd quarter valued at about $20,502,000. Finally, Empowered Funds LLC acquired a new stake in shares of Expro Group in the 2nd quarter valued at about $8,206,000. 92.07% of the stock is currently owned by institutional investors.

Expro Group Trading Up 1.5%

Shares of XPRO stock opened at $16.41 on Tuesday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 38.48 and a beta of 0.96. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $17.19 and its 200 day simple moving average is $16.34. Expro Group has a twelve month low of $12.44 and a twelve month high of $19.23.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.28%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. As a group, sell-side analysts predict that Expro Group will post 0.53 EPS for the current fiscal year.

Expro Group Company Profile

Expro Group, Inc is an energy services company that provides products and services used throughout the life cycle of oil and natural gas wells. Its offerings support well construction, well integrity, completion, production, intervention and decommissioning activities for exploration and production companies.

The company’s services include well testing and flowback, subsea well access, well intervention, production optimization, tubular running and well-construction services. Expro also provides equipment and technologies designed to help operators manage well pressure, evaluate reservoir performance, maintain well integrity and improve the safety and efficiency of field operations.

Expro serves customers in offshore and onshore energy markets across multiple regions, including North America, Latin America, Europe, the Middle East and Africa, and Asia-Pacific.