Expro Group Holdings N.V. (NYSE:XPRO) Stock Has Average Target Price of $18.00

by · The Markets Daily

Expro Group Holdings N.V. (NYSE:XPRO – Get Free Report) has received an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.00.

Several analysts have issued reports on the company. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Wall Street Zen raised Expro Group to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Finally, Barclays decreased their target price on Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, July 31st.

View Our Latest Analysis on Expro Group

Institutional Investors Weigh In On Expro Group

Several hedge funds have recently added to or reduced their stakes in XPRO. Royal Bank of Canada grew its stake in Expro Group by 43.8% in the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after buying an additional 1,222 shares during the last quarter. KBC Group NV acquired a new stake in Expro Group during the first quarter worth approximately $45,000. Keybank National Association OH boosted its holdings in shares of Expro Group by 11.0% during the first quarter. Keybank National Association OH now owns 26,105 shares of the company’s stock worth $454,000 after acquiring an additional 2,596 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Expro Group during the second quarter worth approximately $62,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Expro Group by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 299,484 shares of the company’s stock worth $4,423,000 after acquiring an additional 4,877 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Price Performance

Shares of XPRO opened at $15.70 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $17.24 and its 200 day simple moving average is $16.36. Expro Group has a 1-year low of $12.31 and a 1-year high of $19.23. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 37.50 and a beta of 0.96.

Expro Group (NYSE:XPRO – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $393.18 million during the quarter, compared to the consensus estimate of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.28%. The business’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. On average, research analysts forecast that Expro Group will post 0.53 earnings per share for the current fiscal year.

About Expro Group

(Get Free Report)

Expro Group, Inc is an energy services company that provides products and services used throughout the life cycle of oil and natural gas wells. Its offerings support well construction, well integrity, completion, production, intervention and decommissioning activities for exploration and production companies.

The company’s services include well testing and flowback, subsea well access, well intervention, production optimization, tubular running and well-construction services. Expro also provides equipment and technologies designed to help operators manage well pressure, evaluate reservoir performance, maintain well integrity and improve the safety and efficiency of field operations.

Expro serves customers in offshore and onshore energy markets across multiple regions, including North America, Latin America, Europe, the Middle East and Africa, and Asia-Pacific.

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