Expro Group (NYSE:XPRO) Stock Gets Price Target Cut from Piper Sandler

Expro Group (NYSE:XPRO) had its target price lowered by Piper Sandler from $16.00 to $15.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

XPRO has been the topic of several other research reports. Wall Street Zen upgraded shares of Expro Group to a “hold” rating in a report on Saturday, September 19th. Barclays lowered their price target on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Expro Group in a research note on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.00.

Expro Group Trading Up 2.9%

XPRO stock traded up $0.38 during midday trading on Wednesday, reaching $13.21. 1,251,354 shares of the company’s stock traded hands, compared to its average volume of 837,518. The company has a market capitalization of $1.48 billion, a P/E ratio of 1,321.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.05 and a quick ratio of 1.69. Expro Group has a fifty-two week low of $12.43 and a fifty-two week high of $19.23. The business has a 50-day moving average price of $16.51 and a two-hundred day moving average price of $16.43.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.08). Expro Group had a return on equity of 3.28% and a net margin of 1.33%. The business had revenue of $439.94 million for the quarter, compared to analysts’ expectations of $442.36 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Expro Group’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Expro Group will post 0.53 EPS for the current fiscal year.

Institutional Trading of Expro Group

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Expro Group in the second quarter valued at $117,773,000. Webs Creek Capital Management LP purchased a new stake in Expro Group during the 2nd quarter worth $41,746,474. William Blair Investment Management LLC purchased a new stake in Expro Group during the 2nd quarter worth $25,762,000. Van ECK Associates Corp acquired a new position in Expro Group in the 2nd quarter worth $20,502,000. Finally, Empowered Funds LLC acquired a new position in Expro Group in the 2nd quarter worth $8,206,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

About Expro Group

Expro Group, Inc provides energy services and technologies that support the exploration, development, and production of oil and natural gas wells. The company helps operators manage wells throughout their life cycles, from drilling and completion through production, intervention, and abandonment.

Its offerings include well construction and well management services, well flow management, subsea services, and well intervention and integrity solutions. These services are designed to improve operational efficiency, safety, well performance, and reservoir recovery in both offshore and onshore environments.

Headquartered in Houston, Texas, Expro serves energy companies across major oil and gas producing regions worldwide, including North America, the North Sea, the Middle East, Africa, Asia-Pacific, and Latin America.