Expro Group (NYSE:XPRO) Price Target Raised to $15.00

Expro Group (NYSE:XPRO) had its price target increased by research analysts at The Goldman Sachs Group from $12.00 to $15.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 7.45% from the company’s previous close.

Several other brokerages have also recently issued reports on XPRO. Barclays boosted their price objective on Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Piper Sandler upped their price objective on shares of Expro Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, October 8th. Finally, Pickering Energy Partners assumed coverage on shares of Expro Group in a research report on Monday, July 28th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Expro Group Stock Performance

Shares of Expro Group stock traded up $0.20 on Wednesday, reaching $13.96. 279,909 shares of the stock were exchanged, compared to its average volume of 1,217,550. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.07. Expro Group has a twelve month low of $6.70 and a twelve month high of $14.97. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 23.73 and a beta of 1.11. The business has a 50 day moving average price of $12.67 and a two-hundred day moving average price of $10.41.

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

Institutional Trading of Expro Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Earnest Partners LLC increased its holdings in shares of Expro Group by 60.0% during the 1st quarter. Earnest Partners LLC now owns 7,140,421 shares of the company’s stock worth $70,976,000 after buying an additional 2,678,489 shares during the last quarter. American Century Companies Inc. increased its position in shares of Expro Group by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock worth $47,879,000 after purchasing an additional 507,805 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Expro Group by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,451,214 shares of the company’s stock worth $21,058,000 after purchasing an additional 93,014 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Expro Group by 37.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,050,542 shares of the company’s stock worth $20,382,000 after purchasing an additional 557,750 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Expro Group by 1.7% in the 1st quarter. Brown Advisory Inc. now owns 1,714,003 shares of the company’s stock valued at $17,037,000 after acquiring an additional 27,826 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

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.