The price of XPRO is predicted to go up -14.46%, based on the high correlation periods with MGNX. The similarity of these two price pattern on the periods is 95.3%.
XPRO
MGNX
Expro's combination with Frank's will accelerate growth through cross-selling opportunities while geographic and end-market diversification will protect profitability against future cyclical downturns.
The firm's focus on production optimization will appeal to well operators seeking to maximize well efficiency.
Increasingly complex onshore wells (owing to sour gas, high temperatures/pressures, and more) could provide opportunity for Expro to apply its expertise in markets beyond offshore production.