Expro Group Holdings N.V. (NYSE:XPRO) Receives Consensus Rating of “Hold” from Brokerages

Expro Group Holdings N.V. (NYSE:XPROGet Free Report) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.50.

Several equities analysts have weighed in on the company. Piper Sandler lifted their target price on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Freedom Capital cut Expro Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Weiss Ratings cut Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Barclays lifted their target price on Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 8th.

Get Our Latest Stock Analysis on Expro Group

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Expro Group by 20.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock worth $147,264,000 after purchasing an additional 1,878,245 shares during the last quarter. Vanguard Group Inc. increased its position in Expro Group by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,626,402 shares of the company’s stock worth $126,242,000 after purchasing an additional 38,826 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Expro Group by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after purchasing an additional 533,741 shares during the last quarter. Jennison Associates LLC increased its position in Expro Group by 7.9% in the 1st quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock worth $81,816,000 after purchasing an additional 342,449 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Expro Group by 35.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,553,748 shares of the company’s stock worth $13,347,000 after purchasing an additional 405,168 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

Expro Group Stock Down 1.4%

Shares of Expro Group stock opened at $15.81 on Friday. The stock’s fifty day moving average is $16.82 and its 200-day moving average is $15.56. The firm has a market capitalization of $1.79 billion, a PE ratio of 49.39 and a beta of 0.97. The company has a quick ratio of 1.76, a current ratio of 2.13 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.

Expro Group (NYSE:XPROGet Free Report) last announced its 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. The company had revenue of $382.13 million for the quarter, compared to analyst estimates of $413.47 million. Expro Group had a return on equity of 3.91% and a net margin of 2.32%.Expro Group’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. Equities analysts anticipate that Expro Group will post 0.3 earnings per share for the current year.

Expro Group Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Expro Group (NYSE:XPRO)

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.