Expro Group (NYSE:XPRO) Now Covered by Analysts at The Goldman Sachs Group

Equities researchers at The Goldman Sachs Group initiated coverage on shares of Expro Group (NYSE:XPRO) in a report released on Friday. The brokerage set a “neutral” rating and a $18.00 price target on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 61.87% from the company’s previous close.

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

Expro Group Trading Down 2.5 %

Shares of NYSE:XPRO traded down $0.28 during midday trading on Friday, reaching $11.12. The company had a trading volume of 216,067 shares, compared to its average volume of 1,081,037. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 79.51, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. The company has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $18.44. 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 1-year low of $11.09 and a 1-year high of $24.50.

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

Institutional Investors Weigh In On Expro Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Expro Group by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company’s stock worth $76,435,000 after acquiring an additional 219,432 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Expro Group in the 2nd quarter valued at $9,811,000. Loomis Sayles & Co. L P bought a new stake in shares of Expro Group during the 3rd quarter valued at $16,159,000. Charles Schwab Investment Management Inc. lifted its position in shares of Expro Group by 20.1% during the 3rd 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 during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Expro Group during the 3rd quarter worth $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.