Expro Group Holdings N.V. (NYSE:XPRO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.00.

Several research analysts have recently issued reports on XPRO shares. The Goldman Sachs Group upped their price objective on Expro Group from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Barclays upped their price target 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. Piper Sandler raised their price target on shares of Expro Group from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Pickering Energy Partners initiated coverage on shares of Expro Group in a research note on Monday, July 28th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Expro Group

A number of hedge funds have recently made changes to their positions in XPRO. Nisa Investment Advisors LLC boosted its holdings in Expro Group by 2,394.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock valued at $26,000 after acquiring an additional 2,897 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Expro Group by 54.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after purchasing an additional 871 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Expro Group in the 3rd quarter valued at $47,000. Pallas Capital Advisors LLC bought a new stake in shares of Expro Group in the 2nd quarter valued at $90,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Expro Group by 13.6% during the second quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company’s stock worth $91,000 after buying an additional 1,265 shares during the period. 92.07% of the stock is currently owned by institutional investors.

Expro Group Stock Up 4.9%

Shares of XPRO opened at $13.82 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 2.11. Expro Group has a 52 week low of $6.70 and a 52 week high of $14.97. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 23.42 and a beta of 1.17. The stock has a fifty day moving average of $12.98 and a 200-day moving average of $10.86.

Expro Group (NYSE:XPRO) last issued its earnings results on Thursday, October 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $411.36 million during the quarter, compared to analysts’ expectations of $426.65 million. Expro Group had a return on equity of 6.41% and a net margin of 4.15%.The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. Expro Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Expro Group will post 0.68 earnings per share for the current fiscal year.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.