Expro Group (NYSE:XPRO) Stock Jumps 4% – What’s Next?

Expro Group Holdings N.V. (NYSE:XPRO – Get Free Report)’s share price was up 4% during trading on Friday. The company traded as high as $16.28 and last traded at $16.3190. 297,180 shares were traded during mid-day trading, a decline of 72% from the average session volume of 1,066,251 shares. The stock had previously closed at $15.69.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Barclays reduced their price objective on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Wall Street Zen upgraded Expro Group to a “hold” rating in a report on Saturday, September 19th. Finally, Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Expro Group presently has an average rating of “Hold” and an average target price of $18.00.

View Our Latest Analysis on Expro Group

Expro Group Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.69 and a current ratio of 2.05. The firm has a market cap of $1.82 billion, a P/E ratio of 89.86 and a beta of 0.96. The business’s 50-day simple moving average is $17.22 and its 200 day simple moving average is $16.36.

Expro Group (NYSE:XPRO – Get Free Report) last released its quarterly 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). The firm had revenue of $393.18 million for the quarter, compared to the consensus estimate of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.28%. Expro Group’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. As a group, equities analysts predict that Expro Group Holdings N.V. will post 0.53 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XPRO. KBC Group NV purchased a new position in shares of Expro Group in the 1st quarter worth $45,000. Royal Bank of Canada raised its position in shares of Expro Group by 43.8% during the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after buying an additional 1,222 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Expro Group during the 2nd quarter valued at about $62,000. Quantbot Technologies LP purchased a new stake in shares of Expro Group during the 2nd quarter valued at about $98,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Expro Group in the 2nd quarter valued at about $154,000. 92.07% of the stock is currently owned by institutional investors.

Expro Group Company Profile

(Get Free Report)

Expro Group, Inc is an energy services company that provides products and services used throughout the life cycle of oil and natural gas wells. Its offerings support well construction, well integrity, completion, production, intervention and decommissioning activities for exploration and production companies.

The company’s services include well testing and flowback, subsea well access, well intervention, production optimization, tubular running and well-construction services. Expro also provides equipment and technologies designed to help operators manage well pressure, evaluate reservoir performance, maintain well integrity and improve the safety and efficiency of field operations.

Expro serves customers in offshore and onshore energy markets across multiple regions, including North America, Latin America, Europe, the Middle East and Africa, and Asia-Pacific.

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