Expro Group (NYSE:XPRO) Stock Rating Upgraded by Wall Street Zen

Expro Group (NYSE:XPRO) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

XPRO has been the topic of several other research reports. KeyCorp raised Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Zacks Research upgraded 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 shares of Expro Group in a report on Thursday, June 4th. Weiss Ratings raised shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Finally, Barclays decreased their target price on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.00.

Expro Group Trading Down 0.1%

NYSE:XPRO opened at $16.45 on Friday. 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 firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 91.36 and a beta of 0.92. Expro Group has a one year low of $11.60 and a one year high of $19.23. The business has a fifty day moving average price of $17.15 and a 200-day moving average price of $16.46.

Expro Group (NYSE:XPRO) last announced its earnings results on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The company had revenue of $393.18 million during the quarter, compared to the consensus estimate of $387.36 million. During the same period in the prior year, the business posted $0.30 earnings per share. Expro Group’s revenue for the quarter was down 7.0% compared to the same quarter last year. Sell-side analysts forecast that Expro Group will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Expro Group

Institutional investors and hedge funds have recently bought and sold shares of the business. KBC Group NV bought a new position in shares of Expro Group in the first quarter worth about $45,000. Royal Bank of Canada raised its stake in Expro Group by 43.8% during the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after purchasing an additional 1,222 shares during the period. Global Retirement Partners LLC bought a new stake in Expro Group during the 2nd quarter valued at approximately $62,000. Quantbot Technologies LP purchased a new position in Expro Group in the 2nd quarter worth approximately $98,000. Finally, Pallas Capital Advisors LLC purchased a new position in Expro Group in the 2nd quarter worth approximately $154,000. 92.07% of the stock is owned by institutional investors.

About Expro Group

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.