Freedom Capital upgraded shares of Expro Group (NYSE:XPRO – Free Report) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.
A number of other equities analysts also recently weighed in on XPRO. Piper Sandler raised their target price on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Weiss Ratings downgraded shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Barclays raised their target price on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Expro Group currently has an average rating of “Hold” and an average price target of $16.50.
View Our Latest Stock Report on XPRO
Expro Group Price Performance
Expro Group (NYSE:XPRO – Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Expro Group had a net margin of 2.32% and a return on equity of 3.91%. The company had revenue of $382.13 million during the quarter, compared to the consensus estimate of $413.47 million. During the same period in the prior year, the firm earned $0.19 earnings per share. Expro Group’s revenue was down 12.5% on a year-over-year basis. On average, sell-side analysts forecast that Expro Group will post 0.3 EPS for the current year.
Institutional Investors Weigh In On Expro Group
A number of institutional investors have recently made changes to their positions in XPRO. AQR Capital Management LLC grew its holdings in shares of Expro Group by 47.3% during the first quarter. AQR Capital Management LLC now owns 161,099 shares of the company’s stock valued at $1,601,000 after buying an additional 51,727 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Expro Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company’s stock valued at $559,000 after buying an additional 2,463 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Expro Group by 47.8% during the first quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock valued at $8,982,000 after buying an additional 292,198 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Expro Group by 17.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 282,788 shares of the company’s stock valued at $2,811,000 after buying an additional 42,203 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Expro Group by 732.6% in the first quarter. Jane Street Group LLC now owns 421,163 shares of the company’s stock worth $4,186,000 after purchasing an additional 370,579 shares during the last quarter. 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.
See Also
- Five stocks we like better than Expro Group
- Palo Alto Networks Up 70%: Can the Rally Last Into June?
- Block’s Pivot to Profits and AI Is Turning Heads
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
Receive News & Ratings for Expro Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expro Group and related companies with MarketBeat.com's FREE daily email newsletter.
