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

Expro Group Holdings N.V. (NYSE:XPRO) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.00.

Several analysts recently issued reports on the company. Barclays decreased their target price on Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. KeyCorp raised shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $19.00 price target on shares of Expro Group in a research note on Thursday, June 4th.

Expro Group Stock Down 0.1%

XPRO opened at $16.42 on Friday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 91.24 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. The firm’s fifty day moving average is $17.13 and its 200 day moving average is $16.47. Expro Group has a fifty-two week low of $11.60 and a fifty-two week high of $19.23.

Expro Group (NYSE:XPRO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company posted $0.30 EPS. The company’s quarterly revenue was down 7.0% on a year-over-year basis. On average, sell-side analysts forecast that Expro Group will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. KBC Group NV purchased a new position in Expro Group in the 1st quarter worth about $45,000. Royal Bank of Canada lifted its position in shares of Expro Group by 43.8% in the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock worth $71,000 after purchasing an additional 1,222 shares during the period. Global Retirement Partners LLC purchased a new stake in Expro Group during the second quarter worth $62,000. Quantbot Technologies LP bought a new stake in Expro Group during the second quarter valued at about $98,000. Finally, Pallas Capital Advisors LLC acquired a new stake in Expro Group in the second quarter valued at approximately $154,000. Institutional investors own 92.07% of the company’s stock.

Expro Group Company Profile

Expro Group, Inc provides energy services for offshore and onshore oil and natural gas wells. The company supports customers throughout the well life cycle, from exploration and appraisal through development, production, intervention and decommissioning.

Its services include well testing and evaluation, well flow management, subsea well access, well intervention, production optimization and well construction support. Expro also provides equipment and technologies designed to improve well performance, manage pressure and fluids, and support safe and efficient operations in challenging environments.

Expro serves exploration and production companies, primarily across international markets including the North Sea, the Gulf of Mexico, the Middle East, Africa, Asia-Pacific and Latin America.