Update shared on27 Aug 2025
Fair value Increased 4.92%Analysts have modestly raised Expro Group Holdings’ price target to $12.80, citing strong Q2 performance and resilience in offshore drilling despite persistent headwinds in US Land and ongoing oil price volatility.
Analyst Commentary
- Bullish analysts cite strong Q2 results, highlighting resilience and solid performance in offshore drilling markets despite broader industry volatility.
- The offshore segment is seen as maintaining momentum and remaining insulated from negative industry crosscurrents such as lower oil prices and US land drilling softness.
- Bearish analysts flag ongoing challenges in the US Land market, including production deflation, a declining rig count, and pressure on frac activity and proppant pricing.
- Mixed international and offshore market dynamics contribute to market uncertainty, with analysts noting a deceleration in some international segments and a complex, non-directional offshore environment.
- Overall sentiment is weighed down by persistent oil price volatility influenced by global tariffs, production hikes, and crosscurrents across geographies, resulting in cautious analyst outlooks despite positive sector pockets.
What's in the News
- Expro delivered the world’s first fully remote five-plug cementing operation in Saudi Arabia using its proprietary Generation-X Remote Plug Launcher and SkyHook system, marking significant safety, efficiency, and market penetration milestones in the Middle East well construction sector.
- The company reaffirmed its 2025 full-year revenue guidance at approximately $1.7 billion and expects at least mid-single-digit revenue growth in the second half, supported by a diverse project pipeline and not reliant on large, binary contracts.
- Expro repurchased 637,000 shares for $5 million during Q2 2025, completing a total of 5.13 million shares ($62.2 million) under its ongoing buyback program.
- Expro launched its BRute Armor High-Pressure, High Tensile Packer System, establishing itself as the only provider supporting 20k deepwater projects and successfully deploying new 20"/22" packer systems addressing historical mechanical constraints in the industry.
- Awarded a major three-year contract by Woodside Energy to provide tubular running and cementing services for Mexico’s first deepwater oil facility, strengthening regional presence and supporting major energy development milestones.
Valuation Changes
Summary of Valuation Changes for Expro Group Holdings
- The Consensus Analyst Price Target has risen slightly from $12.20 to $12.80.
- The Consensus Revenue Growth forecasts for Expro Group Holdings has significantly risen from 0.3% per annum to 2.0% per annum.
- The Net Profit Margin for Expro Group Holdings has risen from 4.93% to 5.31%.
Disclaimer
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