Piper Sandler Issues Positive Forecast for Expro Group (NYSE:XPRO) Stock Price

Expro Group (NYSE:XPRO) had its price target boosted by investment analysts at Piper Sandler from $13.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Piper Sandler’s price target indicates a potential downside of 1.02% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Barclays boosted their target price on Expro Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st. Finally, Freedom Capital cut Expro Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.00.

Expro Group Stock Down 0.6%

Shares of XPRO traded down $0.11 during mid-day trading on Wednesday, reaching $16.17. The company’s stock had a trading volume of 878,654 shares, compared to its average volume of 1,125,480. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.16 and a quick ratio of 1.79. 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 $1.84 billion, a PE ratio of 35.92 and a beta of 0.96. The company’s 50 day moving average is $16.93 and its 200 day moving average is $15.00.

Expro Group (NYSE:XPRO) last posted its earnings results on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $382.13 million during the quarter, compared to analysts’ expectations of $413.47 million. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.The firm’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. Equities analysts anticipate that Expro Group will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Expro Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Expro Group by 54.3% in the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after buying an additional 871 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Expro Group in the fourth quarter valued at approximately $51,000. Quadrant Capital Group LLC lifted its stake in Expro Group by 2,978.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after buying an additional 3,813 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Expro Group in the third quarter valued at approximately $47,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Expro Group in the fourth quarter valued at approximately $69,000. Hedge funds and other 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.