Expro Group (NYSE:XPRO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Expro Group (NYSE:XPRO) to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other equities analysts also recently issued reports on XPRO. The Goldman Sachs Group set a $19.00 price target on Expro Group in a research report on Thursday, June 4th. Weiss Ratings raised Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. KeyCorp upgraded Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Barclays decreased their price target on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.00.

Expro Group Stock Up 0.1%

NYSE:XPRO opened at $16.47 on Friday. Expro Group has a fifty-two week low of $11.60 and a fifty-two week high of $19.23. The stock has a market capitalization of $1.85 billion, a P/E ratio of 91.50 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 company’s 50-day simple moving average is $17.17 and its 200-day simple moving average is $16.46.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The firm had revenue of $393.18 million for the quarter, compared to the consensus estimate of $387.36 million. During the same quarter last year, the firm earned $0.30 EPS. The company’s revenue was down 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Expro Group will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expro Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Expro Group in the 2nd quarter valued at $117,773,000. Dimensional Fund Advisors LP lifted its position in Expro Group by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after acquiring an additional 533,741 shares during the period. Jennison Associates LLC grew its stake in Expro Group by 7.9% during the 1st quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock valued at $81,816,000 after purchasing an additional 342,449 shares during the last quarter. Webs Creek Capital Management LP purchased a new stake in Expro Group during the 2nd quarter valued at about $41,746,474. Finally, William Blair Investment Management LLC acquired a new position in shares of Expro Group in the second quarter valued at about $25,762,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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.