Expro Group Holdings N.V. (NYSE:XPRO) Receives Average Rating of “Hold” from Brokerages

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have been given a consensus rating of “Hold” by the six analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $14.00.

Several equities research analysts have recently issued reports on XPRO shares. Piper Sandler downgraded shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price objective on the stock. in a research note on Thursday, December 18th. The Goldman Sachs Group boosted their price objective on shares of Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Barclays upped their target price on shares of Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, January 21st.

Expro Group Price Performance

Shares of XPRO opened at $16.68 on Thursday. Expro Group has a fifty-two week low of $6.70 and a fifty-two week high of $16.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.11 and a quick ratio of 1.74. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 28.27 and a beta of 1.01. The business’s 50-day moving average is $14.75 and its 200-day moving average is $13.24.

Institutional Investors Weigh In On Expro Group

A number of institutional investors have recently modified their holdings of XPRO. GAMMA Investing LLC raised its stake in Expro Group by 54.3% during the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after acquiring an additional 871 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Expro Group by 2,394.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock valued at $26,000 after purchasing an additional 2,897 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Expro Group in the 4th quarter worth about $51,000. State of Alaska Department of Revenue acquired a new position in Expro Group in the third quarter valued at approximately $47,000. Finally, US Bancorp DE boosted its stake in Expro Group by 8.6% during the third quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after acquiring an additional 799 shares in the last quarter. 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.