Expro Group (NYSE:XPRO) Hits New 12-Month High – Should You Buy?

Shares of Expro Group Holdings N.V. (NYSE:XPROGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.14 and last traded at $19.01, with a volume of 281078 shares trading hands. The stock had previously closed at $18.37.

Analyst Upgrades and Downgrades

Several analysts have recently commented on XPRO shares. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. The Goldman Sachs Group set a $19.00 price objective on Expro Group in a research report on Thursday, June 4th. KeyCorp raised Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Barclays lowered their price objective on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, Freedom Capital upgraded shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.00.

Read Our Latest Stock Report on Expro Group

Expro Group Trading Down 2.8%

The business has a 50-day moving average of $15.82 and a 200-day moving average of $16.34. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 102.39 and a beta of 0.90.

Expro Group (NYSE:XPROGet Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The firm had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. During the same period in the previous year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, research analysts forecast that Expro Group Holdings N.V. will post 0.53 earnings per share for the current year.

Insider Activity at Expro Group

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total value of $93,383.52. Following the completion of the sale, the director owned 47,648 shares in the company, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Expro Group

Institutional investors have recently bought and sold shares of the business. KBC Group NV acquired a new position in shares of Expro Group in the 1st quarter valued at $45,000. Global Retirement Partners LLC acquired a new stake in shares of Expro Group during the 4th quarter valued at about $51,000. Quadrant Capital Group LLC increased its stake in Expro Group by 2,978.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after acquiring an additional 3,813 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Expro Group in the fourth quarter valued at about $69,000. Finally, Royal Bank of Canada raised its position in Expro Group by 43.8% in the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock worth $71,000 after purchasing an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

(Get Free Report)

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.

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