Expro Group (NYSE:XPRO) Rating Lowered to “Strong Sell” at Freedom Capital

Expro Group (NYSE:XPRO) was downgraded by investment analysts at Freedom Capital from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

XPRO has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st. Piper Sandler cut shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price on the stock. in a report on Thursday, December 18th. The Goldman Sachs Group lifted their target price on shares of Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Finally, Barclays increased their price target on shares of Expro Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Expro Group has a consensus rating of “Hold” and an average price target of $15.25.

Expro Group Price Performance

Shares of NYSE:XPRO traded down $0.35 during trading on Wednesday, reaching $16.45. The company had a trading volume of 76,357 shares, compared to its average volume of 1,103,391. The company has a fifty day moving average of $15.88 and a two-hundred day moving average of $14.02. The company has a current ratio of 2.16, a quick ratio of 1.79 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.87 billion, a P/E ratio of 36.51 and a beta of 0.91. Expro Group has a 12 month low of $6.70 and a 12 month high of $18.73.

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

Institutional Trading of Expro Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPRO. Nisa Investment Advisors LLC boosted its holdings in Expro Group by 2,394.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock valued at $26,000 after acquiring an additional 2,897 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 during the period. State of Alaska Department of Revenue purchased a new stake in shares of Expro Group in the 3rd quarter worth about $47,000. Global Retirement Partners LLC bought a new stake in shares of Expro Group during the 4th quarter valued at about $51,000. Finally, Quadrant Capital Group LLC increased its position in shares of Expro Group by 2,978.9% during 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 period. 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.