Expro Group (NYSE:XPRO) Price Target Raised to $23.00

Expro Group (NYSE:XPRO) had its price target hoisted by Barclays from $21.00 to $23.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently commented on the stock. Piper Sandler boosted their target price on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 15th. Freedom Capital cut shares of Expro Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Expro Group currently has an average rating of “Hold” and an average target price of $16.50.

Expro Group Stock Up 0.2%

XPRO opened at $15.39 on Friday. Expro Group has a fifty-two week low of $7.57 and a fifty-two week high of $18.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. The company has a fifty day moving average of $16.99 and a two-hundred day moving average of $15.47. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 48.11 and a beta of 0.97.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $382.13 million during the quarter, compared to analysts’ expectations of $413.47 million. Expro Group had a net margin of 2.32% and a return on equity of 3.91%. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, research analysts expect that Expro Group will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Expro Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Expro Group by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after acquiring an additional 533,741 shares during the last quarter. KBC Group NV acquired a new position in Expro Group during the first quarter worth about $45,000. Jennison Associates LLC boosted its position in Expro Group by 7.9% during the first quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock worth $81,816,000 after acquiring an additional 342,449 shares during the last quarter. Principal Financial Group Inc. boosted its position in Expro Group by 56.6% during the first quarter. Principal Financial Group Inc. now owns 108,681 shares of the company’s stock worth $1,892,000 after acquiring an additional 39,283 shares during the last quarter. Finally, Abel Hall LLC acquired a new position in Expro Group during the first quarter worth about $185,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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.