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Piper Sandler Raises Expro Group PT to $11, Maintains Neutral Rating
ByAinvest
Thursday, Aug 14, 2025 11:07 am ET1min read
Piper Sandler Raises Expro Group PT to $11, Maintains Neutral Rating
July 02, 2025Piper Sandler has updated its price target for Expro Group Holdings NV (XPRO) to $11, maintaining a Neutral rating. The investment research firm made this announcement following the company's Q2 2025 earnings report and recent strategic developments.
Expro Group, a global energy services provider, operates in North and Latin America (NLA), Europe and Sub-Saharan Africa (ESSA), Middle East and North Africa (MENA), and Asia-Pacific (APAC). The company reported its Q2 2025 earnings on July 29, 2025, with revenue of $422.7 million, beating the FactSet estimate of $399.5 million. The adjusted earnings per share (EPS) came in at $0.30, exceeding the FactSet estimate of $0.12.
The upgrade in the price target reflects Piper Sandler's view on Expro's recent achievements and the potential for growth in its key markets. The firm highlighted Expro's successful delivery of a fully remote 5-plug cementing operation in Saudi Arabia, a significant milestone in the company's operational capabilities.
Expro's strategic focus on innovation and cost efficiency, as evidenced by its recent technological advancements and contract wins, has also contributed to Piper Sandler's positive outlook. The company's enhanced safety measures, such as the deployment of new Catwalk Sensor Technology, further underscore its commitment to operational excellence.
Despite the positive developments, Piper Sandler maintains a Neutral rating due to the inherent risks associated with the energy sector, including geopolitical uncertainties and market volatility. The firm's price target reflects a balanced view of Expro's current performance and future prospects.
References:
[1] https://www.cnn.com/markets/stocks/XPRO
[2] https://www.marketscreener.com/news/expro-delivers-fully-remote-5-plug-cementing-operation-in-saudi-arabia-ce7c5ed2dd80f025
[3] https://za.investing.com/news/analyst-ratings/piper-sandler-lowers-vicarious-surgical-stock-price-target-on-delayed-clinical-use-93CH-3836983
[4] https://ca.investing.com/news/analyst-ratings/piper-sandler-upgrades-palo-alto-networks-stock-rating-on-platformization-success-93CH-4151236
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