Brokerages Set Expro Group Holdings N.V. (NYSE:XPRO) PT at $18.00

Expro Group Holdings N.V. (NYSE:XPRO) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $18.00.

A number of research firms have commented on XPRO. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research report on Thursday, June 4th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. 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, July 31st. Weiss Ratings raised shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Finally, KeyCorp raised shares of Expro Group to a “neutral” rating in a research note on Thursday, June 4th.

Expro Group Stock Down 2.7%

Shares of NYSE:XPRO opened at $17.59 on Monday. The business’s 50 day moving average is $16.16 and its 200 day moving average is $16.42. The stock has a market cap of $1.98 billion, a P/E ratio of 97.72 and a beta of 0.90. Expro Group has a 52-week low of $11.60 and a 52-week high of $19.23. 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 (NYSE:XPRO) last issued its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $393.18 million during the quarter, compared to analysts’ expectations of $387.36 million. Expro Group had a return on equity of 3.27% and a net margin of 1.33%.Expro Group’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 earnings per share. Sell-side analysts predict that Expro Group will post 0.53 EPS for the current year.

Insider Activity

In related news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the sale, the director owned 47,648 shares of the company’s stock, valued at $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Expro Group

A number of large investors have recently added to or reduced their stakes in the company. Jennison Associates LLC purchased a new position in shares of Expro Group in the 4th quarter worth approximately $58,165,000. Wedge Capital Management L L P NC purchased a new stake in Expro Group during the second quarter valued at approximately $1,419,000. Dimensional Fund Advisors LP boosted its stake in Expro Group by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock valued at $103,023,000 after acquiring an additional 533,741 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in Expro Group in the second quarter valued at approximately $1,056,000. Finally, Webs Creek Capital Management LP purchased a new position in Expro Group in the second quarter worth $41,746,474. 92.07% of the stock is currently owned by institutional investors.

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.