Expro Group Holdings N.V. (NYSE:XPRO) Receives $15.25 Average PT from Analysts

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.25.

Several equities analysts have recently commented on XPRO shares. Freedom Capital lowered shares of Expro Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, January 21st. Barclays boosted their target price on Expro Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Finally, Piper Sandler lowered Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a research report on Thursday, December 18th.

Expro Group Stock Down 0.8%

Shares of XPRO opened at $16.66 on Monday. The company’s 50-day moving average price is $15.95 and its 200 day moving average price is $14.10. Expro Group has a 12-month low of $6.70 and a 12-month high of $18.73. The company has a current ratio of 2.16, a quick ratio of 1.79 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.90 billion, a P/E ratio of 37.03 and a beta of 0.91.

Expro Group (NYSE:XPRO) last announced its earnings results on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Expro Group had a net margin of 3.22% and a return on equity of 5.09%. The company had revenue of $382.13 million during the quarter, compared to analyst estimates of $413.47 million. During the same quarter last year, the firm posted $0.19 earnings per share. Expro Group’s revenue was down 12.5% compared to the same quarter last year. On average, sell-side analysts forecast that Expro Group will post 0.68 earnings per share for the current year.

Hedge Funds Weigh In On Expro Group

A number of hedge funds and other institutional investors have recently bought and sold shares of XPRO. GAMMA Investing LLC grew its position in Expro Group by 54.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after acquiring an additional 871 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Expro Group by 2,394.2% during the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after purchasing an additional 2,897 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Expro Group in the fourth quarter valued at approximately $51,000. Quadrant Capital Group LLC grew its holdings in shares of Expro Group by 2,978.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after purchasing an additional 3,813 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Expro Group in the third quarter valued at approximately $47,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

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.