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

The Goldman Sachs Group began coverage on shares of Expro Group (NYSE:XPRO) in a research 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 price target indicates a potential upside of 61.87% from the company’s previous close.

Separately, Barclays lowered their target price 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 Trading Down 2.5 %

NYSE XPRO opened at $11.12 on Friday. Expro Group has a one year low of $11.09 and a one year high of $24.50. The firm has a 50 day simple moving average of $14.15 and a 200-day simple moving average of $18.33. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 79.43, a PEG ratio of 1.43 and a beta of 1.00. 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 (NYSE:XPRO) last issued its quarterly 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. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The company had revenue of $422.83 million during the quarter, compared to analysts’ expectations of $436.62 million. During the same quarter last year, the company posted ($0.11) EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. Equities research analysts anticipate that Expro Group will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of Expro Group during the 3rd quarter worth about $171,000. nVerses Capital LLC purchased a new stake in Expro Group during the second quarter worth approximately $183,000. MQS Management LLC acquired a new position in Expro Group in the third quarter valued at approximately $205,000. Transatlantique Private Wealth LLC purchased a new position in Expro Group in the second quarter valued at approximately $214,000. Finally, Algert Global LLC purchased a new position in Expro Group in the second quarter valued at approximately $217,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

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.