The Goldman Sachs Group Begins Coverage on Expro Group (NYSE:XPRO)

The Goldman Sachs Group began coverage on shares of Expro Group (NYSE:XPRO) in a note issued to investors on Friday. The brokerage set a “neutral” rating and a $18.00 price target on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 61.87% from the company’s previous close.

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

Expro Group Price Performance

NYSE:XPRO opened at $11.12 on Friday. The stock has a 50 day moving average of $14.15 and a two-hundred day moving average of $18.33. Expro Group has a 12 month low of $11.09 and a 12 month high of $24.50. The firm has a market cap of $1.31 billion, a P/E ratio of 79.43, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

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

Institutional Investors Weigh In On Expro Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPRO. SG Americas Securities LLC increased its position in shares of Expro Group by 155.8% during the 2nd quarter. SG Americas Securities LLC now owns 18,043 shares of the company’s stock worth $414,000 after purchasing an additional 10,990 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Expro Group by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 1,524,545 shares of the company’s stock valued at $34,943,000 after acquiring an additional 83,134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Expro Group by 11.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company’s stock valued at $575,000 after acquiring an additional 2,649 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Expro Group in the 2nd quarter worth approximately $9,811,000. Finally, Spire Wealth Management boosted its position in shares of Expro Group by 5,805.6% during the 2nd quarter. Spire Wealth Management now owns 14,764 shares of the company’s stock worth $338,000 after purchasing an additional 14,514 shares during the period. Hedge funds and other institutional investors 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.