Wells Fargo Starts Expro Group (XPRO) at Overweight

Wells Fargo analyst Roger Read initiates coverage on Expro Group (NYSE: XPRO) with a Overweight rating and a price target of $12.00.

The analyst comments "Initiate coverage of XPRO with an Overweight rating and $12 PT. Potential catalysts include exposure to international/offshore markets vs L48, accelerated growth via M&A (large-scale & bolt-ons) and an attractive and rising FCF yield. Investment Case. We initiate coverage of XPRO with an OW rating and $12 PT. Our PT is based on a 4.0x multiple of our 2026E EBITDA forecast, which incorporates a substantial SMID cap discount to large cap OFS equities mid-cycle valuations. Our Q2’25/FY25 EPS estimates are $0.23/$1.03. XPRO’s strengths include its diversified service & product portfolio, substantial leverage to Int'l/offshore markets, and solid financial profile which supports growth via organic and inorganic investments."

For an analyst ratings summary and ratings history on Expro Group click here. For more ratings news on Expro Group click here.

Shares of Expro Group closed at $7.85 yesterday.

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