Expro Group (NYSE:XPRO) Hits New 12-Month Low – What’s Next?

Shares of Expro Group Holdings (NYSE:XPRO) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.60 and last traded at $13.68, with a volume of 290961 shares. The stock had previously closed at $15.35.

Wall Street Analysts Forecast Growth

Separately, Barclays raised their price objective on Expro Group from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st.

Expro Group Trading Down 4.8 %

The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -74.06, a price-to-earnings-growth ratio of 1.83 and a beta of 0.96. The company’s 50-day moving average price is $17.97 and its 200-day moving average price is $20.10. The company has a quick ratio of 1.56, a current ratio of 1.90 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Expro Group had a positive return on equity of 1.43% and a negative net margin of 0.84%. The firm had revenue of $469.64 million during the quarter, compared to analyst estimates of $419.20 million. Equities analysts expect that Expro Group Holdings will post 0.77 EPS for the current fiscal year.

Institutional Trading of Expro Group

Several large investors have recently made changes to their positions in XPRO. Glenorchy Capital Ltd boosted its stake in Expro Group by 26.6% during the 3rd quarter. Glenorchy Capital Ltd now owns 84,427 shares of the company’s stock worth $1,450,000 after purchasing an additional 17,759 shares during the last quarter. SG Americas Securities LLC boosted its position in Expro Group by 24.4% during the third quarter. SG Americas Securities LLC now owns 22,442 shares of the company’s stock worth $385,000 after acquiring an additional 4,399 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Expro Group during the 2nd quarter valued at about $28,156,000. Algert Global LLC acquired a new stake in Expro Group in the 2nd quarter valued at about $217,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Expro Group by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,317 shares of the company’s stock worth $1,107,000 after purchasing an additional 4,114 shares in the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.