Expro Group Holdings N.V. (NYSE:XPRO) Receives $18.33 Consensus Price Target from Analysts

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.00.

XPRO has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday. Piper Sandler upped 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. The Goldman Sachs Group set a $19.00 price target on shares of Expro Group in a report on Thursday, June 4th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, KeyCorp upgraded shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th.

Insider Activity at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total value of $93,383.52. Following the transaction, the director owned 47,648 shares in the company, valued at approximately $721,390.72. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Expro Group

A number of hedge funds have recently bought and sold shares of the business. KBC Group NV acquired a new position in shares of Expro Group in the 1st quarter valued at approximately $45,000. Global Retirement Partners LLC acquired a new stake in shares of Expro Group during the fourth quarter worth approximately $51,000. Quadrant Capital Group LLC grew 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 worth $53,000 after buying an additional 3,813 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Expro Group in the fourth quarter worth $69,000. Finally, Royal Bank of Canada raised its holdings in Expro Group by 43.8% in the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after acquiring an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Stock Up 0.1%

Shares of Expro Group stock opened at $15.96 on Thursday. Expro Group has a twelve month low of $9.81 and a twelve month high of $18.73. The company has a fifty day moving average price of $15.23 and a 200 day moving average price of $16.17. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 88.69 and a beta of 0.90.

Expro Group (NYSE:XPRO) last announced its earnings results on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $393.18 million for the quarter, compared to analysts’ expectations of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. Equities research analysts forecast that Expro Group will post 0.6 earnings per share for the current fiscal year.

About Expro Group

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.