Goldman Sachs Begins Coverage of Expro Group (NYSE:XPRO)

The Goldman Sachs Group has initiated coverage of Expro Group (NYSE:XPRO) as detailed in a research note released to investors on Friday. The firm has assigned a "neutral" rating to the stock and set a price target of $18.00. This target suggests a potential upside of 61.87% from the company's last closing price.

In a related development, Barclays adjusted its target price for Expro Group, reducing it from $28.00 to $18.00 while maintaining an "overweight" rating on the company in a report published on October 28.

Recent Stock Performance

On Friday, shares of Expro Group opened at $11.12, reflecting a decline of 2.5%. Over the past year, the stock has reached a low of $11.09 and a high of $24.50. Currently, the company has a market capitalization of approximately $1.31 billion, with a price-to-earnings ratio of 79.43 and a PEG ratio of 1.43. In terms of liquidity, Expro Group shows a quick ratio of 1.62 and a current ratio of 1.98, with a debt-to-equity ratio of 0.09.

Latest Earnings Report

Expro Group released its quarterly earnings results on October 24. The company reported earnings per share (EPS) of $0.23, surpassing analyst expectations of $0.19 by $0.04. With a net margin of 0.98% and a return on equity of 3.70%, the company generated revenue of $422.83 million for the quarter, slightly below forecasts of $436.62 million. Compared to the same quarter last year, revenue has increased by 14.3%, with the prior year seeing a reported EPS of ($0.11). Analysts forecast that Expro Group will achieve an EPS of 0.7 for the current fiscal year.

Institutional Investment Activity

Recently, several institutional investors and hedge funds have made changes to their positions in Expro Group. For instance, Point72 Hong Kong Ltd acquired a stake worth roughly $171,000, while nVerses Capital LLC bought shares valued at approximately $183,000. Other notable purchases include MQS Management LLC, which invested around $205,000, and Transatlantique Private Wealth LLC with a stake of about $214,000. Institutional investors now own 92.07% of Expro Group’s stock.

About Expro Group

Expro Group Holdings N.V. provides energy services across various regions, including North and Latin America, Europe, Sub-Saharan Africa, the Middle East, North Africa, and the Asia-Pacific. The company specializes in well construction services—offering technology solutions for drilling and cementing—as well as well management services that include flow management and subsea well intervention.

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