Expro Group is an oil and gas equipment and services company with exceptional free cash flow conversion at 412% of net income and a low forward P/E of 13.5x, but revenue is declining 6% year-over-year and the stock has reached its analyst price target, leaving essentially no near-term upside buffer.
Thesis pillars
- Exceptional Free Cash Flow Conversion→Stable
- Revenue Decline Oilfield Cycle→Stable
- Target Reached Zero Upside→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 19, 2026
Expro Ltd (XPRO) Stock Analysis
Breakout setup
Energy · Oil & Gas Equipment & Services
Sell if holding. Engine safety override at $17.61: Quality below floor (3.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.5/10. Specifically: Elevated put/call ratio: 2.43; Below-average business quality.
Expro Group Holdings N.V. provides energy services — well construction, flow management, subsea well access, and well intervention — to exploration and production companies across 50+ countries. The company generated $1.607 billion in 2025 revenue across four geographic segments... Read more
Sell if holding. Engine safety override at $17.61: Quality below floor (3.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.5/10. Specifically: Elevated put/call ratio: 2.43; Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 64, MACD bullish. Score 4.5/10, moderate confidence.
Passes 5/7 gates (positive momentum, clean insider activity, no SEC red flags, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 4d<=7d. Suitability: aggressive.
Recent developments
updated 2026-10-29Recent Developments — Expro Ltd
Latest news
- NEWS Expro Group Holdings N.V. Schedules Third Quarter 2026 Earnings Release — fiscal.ai Oct 22, 2026 neutral
- NEWS Barclays Maintains Overweight on Expro, Lowers Price Target to $19 — benzinga Jul 31, 2026 negative
- NEWS Expro Gr Hldgs Raises FY2026 Sales Guidance from $1.600B-$1.650B to $1.650B-$1.700B vs $1.593B Est — benzinga Jul 28, 2026 positive
- NEWS Expro Q2 Adj. EPS $0.15 Misses $0.20 Estimate, Sales $393.182M Beat $388.649M Estimate — benzinga Jul 28, 2026 negative
- NEWS Barclays Maintains Overweight on Expro, Lowers Price Target to $20 — benzinga Jul 16, 2026 neutral
Generated 2026-10-29T11:48:40Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMSupplierlimited number of third party suppliers10-K Item 1A: 'Certain of our product lines depend on a limited number of third party suppliers.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
5 floor-breakers
Revenue shrinking — -7.0% YoY. Growth thesis broken unless recovery story develops.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $17.61: Quality below floor (3.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.5/10. Specifically: Elevated put/call ratio: 2.43; Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 64, MACD bullish. Prior stop was $16.38. Score 4.5/10, moderate confidence.
Analyst target $14.88 reached (−15.5% from $17.61); no take-profit level is published. Prior stop was $16.38. Stop-loss: $16.38.
Target reached (-15.5% upside); Quality below floor (3.8 < 4.0).
Expro Ltd trades at a P/E of 97.8 (forward 15.1). TrendMatrix value score: 6.5/10. Verdict: Sell.
11 analysts cover XPRO with a consensus score of 3.8/5. Average price target: $18.
What does Expro Ltd do?Expro Group Holdings N.V. provides energy services — well construction, flow management, subsea well access, and well...
Expro Group Holdings N.V. provides energy services — well construction, flow management, subsea well access, and well intervention — to exploration and production companies across 50+ countries. The company generated $1.607 billion in 2025 revenue across four geographic segments (NLA 34.7%, ESSA 30.3%, MENA 22.6%, APAC 12.4%) with approximately 8,500 employees and no single customer exceeding 10%.