Expro Group (NYSE:XPRO) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Expro Group (NYSE:XPRO) in a research note published on Friday morning. The firm issued a neutral rating and a $18.00 price objective on the stock.

Separately, Barclays decreased their price target on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, October 28th.

Expro Group Stock Down 2.5 %

Expro Group stock opened at $11.12 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. Expro Group has a one year low of $11.09 and a one year high of $24.50. The company has a 50-day simple moving average of $14.15 and a 200-day simple moving average of $18.31. The firm has a market capitalization of $1.31 billion, a P/E ratio of 79.43, a P/E/G ratio of 1.43 and a beta of 1.00.

Expro Group (NYSE:XPRO) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business had revenue of $422.83 million during the quarter, compared to analyst estimates of $436.62 million. During the same period in the prior year, the company posted ($0.11) EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, equities analysts expect that Expro Group will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On Expro Group

Institutional investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of Expro Group during the 2nd quarter valued at $183,000. Transatlantique Private Wealth LLC acquired a new stake in Expro Group during the second quarter valued at $214,000. Algert Global LLC acquired a new stake in Expro Group during the second quarter valued at $217,000. Point72 Hong Kong Ltd purchased a new position in Expro Group in the third quarter valued at about $171,000. Finally, Hsbc Holdings PLC acquired a new position in Expro Group in the 2nd quarter worth about $263,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

About Expro Group

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.