Expro Group Holdings N.V. (NYSE:XPRO – Get Free Report) has received an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.00.
Several research analysts recently commented on the stock. Barclays reduced their target price on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Wall Street Zen upgraded shares of Expro Group to a “hold” rating in a research note on Saturday, September 19th. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th.
Check Out Our Latest Analysis on XPRO
Expro Group Trading Up 3.1%
NYSE:XPRO opened at $16.17 on Tuesday. The company has a market cap of $1.82 billion, a P/E ratio of 89.86 and a beta of 0.96. Expro Group has a twelve month low of $12.31 and a twelve month high of $19.23. The business has a 50 day moving average price of $17.22 and a two-hundred day moving average price of $16.36. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.06.
Expro Group (NYSE:XPRO – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The business had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.28%. Expro Group’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. As a group, analysts expect that Expro Group will post 0.53 EPS for the current fiscal year.
Hedge Funds Weigh In On Expro Group
Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in shares of Expro Group by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 299,484 shares of the company’s stock valued at $4,423,000 after acquiring an additional 4,877 shares during the last quarter. Van ECK Associates Corp acquired a new position in Expro Group during the second quarter valued at approximately $20,502,000. Wellington Management Group LLP acquired a new position in Expro Group during the second quarter valued at approximately $3,063,000. Empowered Funds LLC acquired a new position in Expro Group during the second quarter valued at approximately $8,206,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Expro Group during the second quarter valued at approximately $1,234,000. Institutional investors own 92.07% of the company’s stock.
Expro Group Company Profile
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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