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

Expro Group Holdings N.V. (NYSE:XPRO) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $16.50.

A number of research analysts recently commented on the company. Barclays boosted their price target on Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday. Piper Sandler lifted their price objective on Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings downgraded Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th.

Expro Group Stock Up 3.4%

NYSE XPRO opened at $16.93 on Friday. The stock’s 50 day moving average is $16.80 and its 200 day moving average is $15.63. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. Expro Group has a 12 month low of $7.57 and a 12 month high of $18.73. The stock has a market cap of $1.92 billion, a PE ratio of 52.92 and a beta of 0.97.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Expro Group had a return on equity of 3.91% and a net margin of 2.32%.The company had revenue of $382.13 million for the quarter, compared to analysts’ expectations of $413.47 million. During the same period in the previous year, the firm earned $0.19 EPS. The firm’s revenue was down 12.5% compared to the same quarter last year. Research analysts predict that Expro Group will post 0.3 EPS for the current fiscal year.

Institutional Trading of Expro Group

A number of large investors have recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new position in shares of Expro Group during the 4th quarter valued at approximately $58,165,000. Price T Rowe Associates Inc. MD increased its position in shares of Expro Group by 20.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock valued at $147,264,000 after purchasing an additional 1,878,245 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Expro Group during the 4th quarter valued at approximately $12,263,000. Dimensional Fund Advisors LP increased its position in shares of Expro Group by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock valued at $103,023,000 after purchasing an additional 533,741 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Expro Group by 70.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,251,514 shares of the company’s stock valued at $16,708,000 after purchasing an additional 518,210 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

Expro Group Company Profile

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.