Expro Group (NYSE:XPRO) Coverage Initiated by Analysts at The Goldman Sachs Group

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

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

Expro Group Price Performance

NYSE XPRO opened at $11.12 on Friday. Expro Group has a 1 year low of $11.09 and a 1 year high of $24.50. The company has a fifty day simple moving average of $14.15 and a 200 day simple moving average of $18.31. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market cap 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 released its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $422.83 million during the quarter, compared to analysts’ expectations of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) earnings per share. On average, sell-side analysts predict that Expro Group will post 0.7 EPS for the current year.

Institutional Trading of Expro Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPRO. Dimensional Fund Advisors LP boosted its stake in shares of Expro Group by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company’s stock valued at $76,435,000 after purchasing an additional 219,432 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Expro Group in the second quarter valued at about $9,811,000. Loomis Sayles & Co. L P bought a new stake in Expro Group during the third quarter worth about $16,159,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Expro Group by 20.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,052,729 shares of the company’s stock worth $18,075,000 after buying an additional 176,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Expro Group in the third quarter valued at approximately $26,481,000. 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.