Expro Group (NYSE:XPRO) Upgraded at Freedom Capital

Expro Group (NYSE:XPRO) was upgraded by analysts at Freedom Capital from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on XPRO. Barclays upped their price target on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Weiss Ratings cut shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Piper Sandler increased their price target on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.50.

Expro Group Price Performance

Shares of NYSE:XPRO opened at $16.34 on Monday. The company’s fifty day moving average is $16.80 and its two-hundred day moving average is $15.61. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. Expro Group has a 12-month low of $7.57 and a 12-month high of $18.73. The company has a market cap of $1.85 billion, a P/E ratio of 51.05 and a beta of 0.97.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. KBC Group NV bought a new stake in shares of Expro Group during the 1st quarter worth about $45,000. State of Alaska Department of Revenue acquired a new position in Expro Group during the 3rd quarter worth approximately $47,000. Global Retirement Partners LLC acquired a new position in Expro Group in the 4th quarter valued at approximately $51,000. Quadrant Capital Group LLC increased its position in Expro Group by 2,978.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after acquiring an additional 3,813 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Expro Group in the 4th quarter valued at $69,000. Institutional investors own 92.07% of the company’s stock.

About Expro Group

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.