Expro Group price target raised to $15 from $13 at Freedom Broker

Investing.com - Freedom Broker raised its price target on Expro Group (NYSE:XPRO) to $15.00 from $13.00 on Monday, while maintaining a Buy rating on the energy services company. According to InvestingPro data, the stock has shown strong momentum with a 10.6% return over the past week, though it remains significantly below its 52-week high of $21.57.

The price target increase follows Expro Group’s second-quarter 2025 results, which exceeded consensus expectations for both revenue and adjusted earnings.

During the quarter, Expro Group executed a $5 million share buyback program and may significantly increase the pace of buybacks in subsequent quarters of 2025.

Freedom Broker noted that Expro Group’s broad geographic footprint and strategic focus on offshore projects help mitigate the financial impact of downturns in the oil market.

The firm’s positive outlook on Expro Group led to the price target adjustment while maintaining its Buy recommendation on the stock.

In other recent news, Expro Group Holdings NV announced its Q2 2025 financial results, revealing a mixed performance. The company reported an earnings per share (EPS) of $0.16, which fell short of the anticipated $0.22, representing a 27.27% negative surprise. However, Expro Group exceeded revenue expectations, achieving $423 million compared to the forecasted $401.81 million, resulting in a 5.27% positive surprise. Despite the EPS miss, the revenue growth reflects positively on the company’s strategic initiatives. These developments are crucial for investors, as they highlight the company’s ability to surpass revenue projections even when earnings fall short. The financial community continues to monitor Expro Group’s performance closely, given these recent results.

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