Expro Receives Outperform Rating from Pickering Energy

Expro has been initiated with an Outperform rating by Pickering Energy.

Expro Group Holdings N.V. (NYSE: XPRO) saw its stock price surge on Monday, July 28, 2025, following a mid-day trading session that saw the stock climb by 5.8%. The stock traded as high as $9.12 and closed at $9.16. Approximately 218,206 shares were traded, representing an 81% decline from the average daily volume of 1,177,197 shares. The stock had previously closed at $8.65.

The positive momentum for Expro Group was fueled by the initiation of an 'Outperform' rating by Pickering Energy Partners. The research firm set a price objective of $12.00 for the company, contributing to the overall positive sentiment surrounding the stock. Other analysts have also weighed in on Expro Group, with Wells Fargo, Piper Sandler, and Barclays providing varying ratings and price targets.

Expro Group Holdings N.V. engages in the provision of energy services across various regions, including North and Latin America, Europe, Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company offers well construction services, such as drilling, tubular running services, and cementing and tubulars, as well as well management services like well flow management, subsea well access, and well intervention and integrity solutions.

The company's financial performance in the second quarter of 2025 was robust, with revenue growing by 8% year-over-year to $423 million. Despite an earnings per share (EPS) miss, the company reported a record high EBITDA margin of 22%, driven by operational efficiencies. The stock price surged by 28.78% in pre-market trading, reflecting investor confidence in the company's future prospects.

Looking ahead, Expro expects mid-single-digit revenue growth in 2025, driven by expansion in North America, Latin America, and Asia Pacific. The company maintains a stable outlook for the Middle East and North Africa regions. Full-year guidance includes revenue of approximately $1.7 billion, EBITDA of at least $350 million, and free cash flow of around $110 million.

The stock's performance and the positive analyst ratings suggest that investors are bullish on Expro Group's growth prospects. However, potential risks such as volatility in crude oil prices, execution risks associated with new technology deployments, and geopolitical tensions in key markets should be considered.

References:
[1] https://www.marketbeat.com/instant-alerts/expro-group-nysexpro-trading-up-58-still-a-buy-2025-07-28/
[2] https://za.investing.com/news/transcripts/earnings-call-transcript-expro-group-q2-2025-misses-eps-stock-surges-93CH-3809372