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↓Deteriorating
- Target Reached Zero Upside↑Improving
- +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· older than 90 days
Expro Ltd (XPRO) Stock Analysis
Inst Constrain edge
Energy · Oil & Gas Equipment & Services
Sell if holding. Engine safety override at $13.34: Quality below floor (3.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: Below-average business quality; Negative price momentum; Below long-term trend.
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 $13.34: Quality below floor (3.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: Below-average business quality; Negative price momentum; Below long-term trend. Chart setup: No clear chart pattern; technical signals are mixed. Score 4.7/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news boost earnings 0.60, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated Nov 3, 2026Recent Developments — Expro Ltd
Latest news
- NEWS Expro Gr Hldgs Q3 2026 Earnings Call Transcript — benzinga Nov 3, 2026 neutral
- NEWS Expro Reports Q3 2026 Financial Results — fiscal.ai Nov 3, 2026 neutral
- NEWS Expro Sees Q4 Sales $465.000M-$485.000M vs $452.243M Est — benzinga Nov 3, 2026 positive
- NEWS Expro Gr Hldgs Q3 Adj. EPS $0.19 Misses $0.29 Estimate, Sales $439.943M Beat $433.831M Estimate — benzinga Nov 3, 2026 negative
- NEWS Expro Gr Hldgs Narrows FY2026 Sales Guidance from $1.650B-$1.700B to $1.660B-$1.680B vs $1.651B Est — benzinga Nov 3, 2026 positive
Latest item Nov 3, 2026 · Generated 2026-11-04T12:10:05Z.
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
4 floor-breakers
Revenue shrinking — -7.0% YoY. Growth thesis broken unless recovery story develops.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.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 $13.34: Quality below floor (3.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: Below-average business quality; Negative price momentum; Below long-term trend. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $12.41. Score 4.7/10, moderate confidence.
Analyst target: $14.88 (+11.5% upside). Prior stop was $12.41. Stop-loss: $12.41.
Quality below floor (3.7 < 4.0).
Expro Ltd trades at a P/E of 1334.0 (forward 12.0). TrendMatrix value score: 8.2/10. Verdict: Sell.
11 analysts rate XPRO, with a consensus score of 3.8/5. 4 analysts publish price targets averaging $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%.