Expro Group (NYSE:XPRO) Downgraded to “Underweight” Rating by Piper Sandler

Expro Group (NYSE:XPRO) was downgraded by equities research analysts at Piper Sandler from a “neutral” rating to an “underweight” rating in a research note issued to investors on Thursday,Finviz reports. They currently have a $13.00 price objective on the stock. Piper Sandler’s target price indicates a potential downside of 1.21% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group lifted their price target on shares of Expro Group from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Barclays lifted their price objective on shares of Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Expro Group has a consensus rating of “Hold” and an average target price of $14.00.

Expro Group Stock Performance

Shares of Expro Group stock opened at $13.16 on Thursday. The business has a 50-day simple moving average of $13.62 and a 200 day simple moving average of $11.63. Expro Group has a one year low of $6.70 and a one year high of $15.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.11 and a quick ratio of 1.74. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 22.30 and a beta of 1.04.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $411.36 million during the quarter, compared to analysts’ expectations of $426.65 million. Expro Group had a return on equity of 6.41% and a net margin of 4.15%.The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. On average, research analysts anticipate that Expro Group will post 0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XPRO. GAMMA Investing LLC grew its position in Expro Group by 54.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after purchasing an additional 871 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Expro Group by 2,394.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after buying an additional 2,897 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Expro Group in the 3rd quarter worth approximately $47,000. US Bancorp DE grew its holdings in shares of Expro Group by 8.6% in the third quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after acquiring an additional 799 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Expro Group by 773.1% during the third quarter. PNC Financial Services Group Inc. now owns 10,285 shares of the company’s stock valued at $122,000 after acquiring an additional 9,107 shares during the last quarter. 92.07% of the stock is owned by institutional investors.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.