Barclays Cuts Expro Group (NYSE:XPRO) Price Target to $18.00

Expro Group (NYSE:XPRO) had its price objective lowered by Barclays from $28.00 to $18.00 in a research report released on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Expro Group Stock Up 1.5 %

Expro Group stock opened at $13.45 on Monday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 96.07, a PEG ratio of 1.72 and a beta of 0.96. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $17.39 and its two-hundred day moving average price is $19.92. Expro Group has a 52 week low of $12.81 and a 52 week high of $24.50.

Expro Group (NYSE:XPRO) last released its earnings results on Thursday, October 24th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $422.83 million for the quarter, compared to analysts’ expectations of $436.62 million. Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. Expro Group’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.11) EPS. On average, analysts expect that Expro Group will post 0.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Expro Group

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of Expro Group during the 1st quarter valued at about $141,000. nVerses Capital LLC bought a new position in shares of Expro Group during the 2nd quarter valued at about $183,000. Transatlantique Private Wealth LLC bought a new position in shares of Expro Group during the 2nd quarter valued at about $214,000. Algert Global LLC bought a new position in shares of Expro Group during the 2nd quarter valued at about $217,000. Finally, Paloma Partners Management Co bought a new position in shares of Expro Group during the 1st quarter valued at about $239,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.