Expro Group (NYSE:XPRO) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Expro Group (NYSE:XPRO) to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

Other analysts have also issued research reports about 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 research note on Friday, July 31st. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. KeyCorp raised shares of Expro Group to a “neutral” rating in a research report on Thursday, June 4th. The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research report on Thursday, June 4th. Finally, Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.00.

Expro Group Stock Up 0.3%

Shares of NYSE:XPRO opened at $16.45 on Friday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 91.36 and a beta of 0.92. 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 $11.60 and a 12-month high of $19.23. The business’s 50 day moving average is $17.15 and its 200 day moving average is $16.47.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The company had revenue of $393.18 million for the quarter, compared to the consensus estimate of $387.36 million. During the same quarter last year, the company posted $0.30 EPS. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that Expro Group will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expro Group

A number of hedge funds have recently made changes to their positions in XPRO. Van ECK Associates Corp bought a new stake in shares of Expro Group during the 2nd quarter worth $20,502,000. Wellington Management Group LLP purchased a new stake in Expro Group during the second quarter worth about $3,063,000. Empowered Funds LLC purchased a new stake in Expro Group during the second quarter worth about $8,206,000. Public Employees Retirement System of Ohio bought a new stake in Expro Group in the second quarter worth about $1,234,000. Finally, Capstone Investment Advisors LLC bought a new stake in Expro Group in the second quarter worth about $255,000. 92.07% of the stock is currently owned by institutional investors.

About Expro Group

Expro Group, Inc provides energy services for offshore and onshore oil and natural gas wells. The company supports customers throughout the well life cycle, from exploration and appraisal through development, production, intervention and decommissioning.

Its services include well testing and evaluation, well flow management, subsea well access, well intervention, production optimization and well construction support. Expro also provides equipment and technologies designed to improve well performance, manage pressure and fluids, and support safe and efficient operations in challenging environments.

Expro serves exploration and production companies, primarily across international markets including the North Sea, the Gulf of Mexico, the Middle East, Africa, Asia-Pacific and Latin America.