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

The Goldman Sachs Group initiated coverage on shares of Expro Group (NYSE:XPRO - Get Free Report) 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 target price indicates a potential upside of 61.87% from the company's current price.

Separately, Barclays lowered their price objective 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 %

XPRO stock traded down $0.28 during trading on Friday, reaching $11.12. 1,546,532 shares of the stock were exchanged, compared to its average volume of 1,086,644. The firm's 50 day moving average is $14.15 and its 200 day moving average is $18.36. 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 has a twelve month low of $11.09 and a twelve month high of $24.50.

Expro Group (NYSE:XPRO - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.23 earnings per share 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 company had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. During the same period in the prior year, the firm earned ($0.11) earnings per share. Expro Group's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, research analysts forecast that Expro Group will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Expro Group by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company's stock worth $575,000 after purchasing an additional 2,649 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Expro Group by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,317 shares of the company's stock worth $1,107,000 after buying an additional 4,114 shares during the last quarter. SG Americas Securities LLC grew its position in Expro Group by 24.4% during the third quarter. SG Americas Securities LLC now owns 22,442 shares of the company's stock valued at $385,000 after buying an additional 4,399 shares during the period. Oppenheimer Asset Management Inc. grew its position in Expro Group by 11.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 75,748 shares of the company's stock valued at $1,736,000 after buying an additional 7,867 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Expro Group during the second quarter worth about $183,000. 92.07% of the stock is owned by institutional investors.

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.