Expro Group (NYSE:XPRO) Price Target Cut to $15.00 by Analysts at Piper Sandler

Expro Group (NYSE:XPRO) had its target price dropped by Piper Sandler from $16.00 to $15.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Piper Sandler‘s target price would suggest a potential upside of 9.29% from the company’s current price.

A number of other research firms have also recently weighed in on XPRO. Weiss Ratings reissued a “sell (d+)” rating on shares of Expro Group in a research report on Tuesday, October 27th. Wall Street Zen upgraded Expro Group to a “hold” rating in a research note on Saturday, September 19th. Barclays cut their target price on Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.67.

Expro Group Stock Up 2.9%

NYSE XPRO traded up $0.39 on Wednesday, reaching $13.72. The company had a trading volume of 773,986 shares, compared to its average volume of 1,062,767. The firm has a market capitalization of $1.54 billion, a PE ratio of 76.03 and a beta of 0.99. Expro Group has a 1 year low of $12.44 and a 1 year high of $19.23. The firm has a 50-day moving average of $16.78 and a 200-day moving average of $16.47. 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 (NYSE:XPRO) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The firm had revenue of $439.94 million for the quarter, compared to analysts’ expectations of $442.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.28%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 EPS. On average, equities research analysts anticipate that Expro Group will post 0.53 EPS for the current fiscal year.

Institutional Trading of Expro Group

Several hedge funds and other institutional investors have recently bought and sold shares of XPRO. Royal Bank of Canada grew its position in shares of Expro Group by 43.8% in the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock worth $71,000 after acquiring an additional 1,222 shares in the last quarter. Parallel Advisors LLC bought a new position in Expro Group during the third quarter worth $35,000. KBC Group NV bought a new position in Expro Group during the first quarter worth $45,000. Keybank National Association OH lifted its stake in Expro Group by 11.0% during the first quarter. Keybank National Association OH now owns 26,105 shares of the company’s stock worth $454,000 after purchasing an additional 2,596 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Expro Group during the second quarter valued at $62,000. 92.07% of the stock is owned by institutional investors.

Expro Group Company Profile

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.