Expro Group Holdings N.V. (NYSE:XPRO) shares rose in Tuesday’s premarket session after the company announced a partnership with VERCANA GmbH to deliver geothermal well testing services for Germany’s Lionheart Project.
Project Scope And Services
Expro will support the first Schleidberg well, providing services including its GeoFlow Surface Well Testing package to enable reservoir analysis, fluid assessment, and geothermal and lithium development.
The Lionheart Project, designated under the EU’s Critical Raw Materials Act, is among Europe’s largest geothermal and lithium initiatives.
Strategic Expansion In Europe
This contract builds on Expro’s growing geothermal portfolio in Europe, following a recent successful well test project in Germany.
Expro will execute the work through its European, Mediterranean, and Caspian teams, leveraging capabilities in Well Flow Management and Well Intervention.
Management Commentary
“We are proud to support VERCANA GmbH and Vulcan Energy on this landmark geothermal development,” stated Andrei Ion, Managing Director for Europe, Mediterranean, and Caspian, of Expro.
“This partnership reflects the strength of Expro’s geothermal capabilities and our ongoing commitment to delivering safe, efficient, and future-focused services across Europe.”
Technical Analysis
The stock is currently trading 5.55% above its 20-day simple moving average (SMA) and 15.48% above its 100-day SMA, demonstrating longer-term strength. Shares increased 67.54% over the past 12 months and now trade closer to their 52-week highs than lows.
The RSI is at 60.19, which is considered neutral territory, indicating that the stock is neither overbought nor oversold. Meanwhile, MACD is at 0.1157, above its signal line at 0.1117, suggesting bullish momentum in the stock.
The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating potential for continued upward movement.
- Key Resistance: $18.50
- Key Support: $16.50
Earnings & Analyst Outlook
Expro is slated to provide its next financial update on April 29, 2026 (estimated).
- EPS Estimate: 7 cents (Down from 25 cents)
- Revenue Estimate: $362.35 million (Down from $390.87 million)
- Valuation: P/E of 39.6x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $17.83. Recent analyst moves include:
- Freedom Broker: Downgraded to Sell (Maintains Target to $16.00) (Mar. 4)
- Barclays: Overweight (Raises Target to $21.00) (Feb. 23)
- Goldman Sachs: Neutral (Raises Target to $15.00) (Nov. 5, 2025)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Expro, highlighting its strengths and weaknesses compared to the broader market.
- Value: 75.58 — The stock is positioned favorably in terms of value metrics.
- Growth: 71.77 — Indicates solid growth potential.
- Momentum: 93.69 — Stock is outperforming the broader market.
The Verdict: Expro’s Benzinga Edge signal reveals a growth-heavy profile, indicating strong momentum and solid growth potential in the current market environment.
XPRO Stock Price Activity: Expro shares were up 1.91% at $18.17 during premarket trading on Tuesday, according to Benzinga Pro data.
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