Barclays Cuts Expro Group (NYSE:XPRO) Price Target to $18.00

Expro Group (NYSE:XPRO - Get Free Report) had its target price reduced by equities research analysts at Barclays from $28.00 to $18.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 35.75% from the stock's previous close.

Expro Group Trading Down 0.8 %

XPRO traded down $0.11 during trading on Monday, hitting $13.26. 3,089,369 shares of the company's stock were exchanged, compared to its average volume of 1,066,331. The stock has a 50 day moving average price of $17.82 and a 200 day moving average price of $20.06. The firm has a market cap of $1.56 billion, a P/E ratio of -102.00, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09. Expro Group has a 1 year low of $12.90 and a 1 year high of $24.50.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly 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. The business had revenue of $422.83 million during the quarter, compared to the consensus estimate of $436.62 million. Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. During the same quarter last year, the company earned ($0.11) earnings per share. The business's quarterly revenue was up 14.3% compared to the same quarter last year. As a group, analysts expect that Expro Group will post 0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Expro Group in the 1st quarter valued at approximately $141,000. nVerses Capital LLC bought a new position in Expro Group during the second quarter valued at about $183,000. Transatlantique Private Wealth LLC bought a new position in shares of Expro Group in the 2nd quarter valued at approximately $214,000. Algert Global LLC acquired a new stake in shares of Expro Group in the second quarter worth $217,000. Finally, Hsbc Holdings PLC bought a new stake in Expro Group during the second quarter valued at about $263,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.