Expro Group Holdings N.V. (NYSE:XPRO) Given Consensus Recommendation of “Hold” by Brokerages

Expro Group Holdings N.V. (NYSE:XPRO) has earned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.00.

Several brokerages recently issued reports on XPRO. Weiss Ratings raised Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. The Goldman Sachs Group set a $19.00 target price on Expro Group in a report on Thursday, June 4th. Barclays cut their price objective on Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research report on Thursday, June 4th.

Hedge Funds Weigh In On Expro Group

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

Expro Group Price Performance

Shares of XPRO opened at $16.42 on Friday. The business has a 50-day moving average of $17.13 and a 200-day moving average of $16.47. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 91.24 and a beta of 0.92. Expro Group has a 1 year low of $11.60 and a 1 year high of $19.23.

Expro Group (NYSE:XPRO) last released its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The firm had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. During the same quarter in the previous year, the firm earned $0.30 EPS. Expro Group’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Expro Group will post 0.53 earnings per share for the current year.

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.