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

Expro Group Holdings N.V. (NYSE:XPRO) has received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $16.00.

Several research firms recently issued reports on XPRO. Wall Street Zen raised Expro Group to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Expro Group in a report on Tuesday, October 27th. Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Piper Sandler dropped their target price on shares of Expro Group from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, November 4th. Finally, Barclays downgraded shares of Expro Group from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $19.00 to $14.00 in a research report on Thursday, November 5th.

Expro Group Stock Up 3.0%

NYSE:XPRO opened at $13.50 on Friday. Expro Group has a 1-year low of $12.43 and a 1-year high of $19.23. The firm’s 50-day moving average price is $16.24 and its 200-day moving average price is $16.39. The company has a market capitalization of $1.51 billion, a PE ratio of 1,349.90 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.82 and a quick ratio of 1.49.

Expro Group (NYSE:XPRO) last released its earnings results on Tuesday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.08). Expro Group had a net margin of 0.10% and a return on equity of 2.79%. The business had revenue of $439.94 million for the quarter, compared to analysts’ expectations of $442.36 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. Expro Group’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts predict that Expro Group will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Expro Group

A number of institutional investors and hedge funds have recently modified their holdings of XPRO. Parallel Advisors LLC bought a new stake in Expro Group during the third quarter valued at about $35,000. KBC Group NV purchased a new position in shares of Expro Group during the 1st quarter valued at about $45,000. Global Retirement Partners LLC bought a new position in shares of Expro Group during the 2nd quarter valued at approximately $62,000. Royal Bank of Canada grew its stake in shares of Expro Group by 43.8% during the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after acquiring an additional 1,222 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Expro Group during the 2nd quarter valued at approximately $98,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Expro Group Company Profile

Expro Group (NYSE: XPRO) is an energy services company that provides equipment and expertise for oil and gas wells. Its services span the well life cycle, from well construction and completion to intervention and production. The company’s offerings include well flow management, subsea safety and control systems, well testing, and services that help customers monitor and manage production. Expro works with energy companies in both offshore and onshore environments. Expro was formed through the 2021 merger of Expro International Group and Frank’s International.