Expro Group (NYSE:XPRO) Hits New 12-Month High – Here’s What Happened

Expro Group Holdings N.V. (NYSE:XPRO) shares reached a new 52-week high on Thursday . The company traded as high as $18.74 and last traded at $18.6480, with a volume of 801316 shares changing hands. The stock had previously closed at $18.41.

Wall Street Analyst Weigh In

A number of research firms have commented on XPRO. KeyCorp upgraded Expro Group to a “neutral” rating in a research report on Thursday, June 4th. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Finally, Barclays lowered their price objective on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Expro Group presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Expro Group Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. The company has a market capitalization of $2.10 billion, a P/E ratio of 104.03 and a beta of 0.90. The business has a 50 day moving average of $15.65 and a 200-day moving average of $16.27.

Expro Group (NYSE:XPRO) last issued its earnings results on Tuesday, July 28th. The company reported $0.15 EPS 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 company had revenue of $393.18 million during the quarter, compared to the consensus estimate of $387.36 million. During the same quarter in the prior year, the business earned $0.30 EPS. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, sell-side analysts predict that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Expro Group

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the company’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 transaction of $93,383.52. Following the completion of the transaction, the director owned 47,648 shares of the company’s stock, valued at $721,390.72. This represents a 11.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Expro Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in shares of Expro Group by 47.3% during the 1st quarter. AQR Capital Management LLC now owns 161,099 shares of the company’s stock valued at $1,601,000 after buying an additional 51,727 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Expro Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company’s stock worth $559,000 after buying an additional 2,463 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Expro Group by 47.8% in the first quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock worth $8,982,000 after acquiring an additional 292,198 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Expro Group by 17.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 282,788 shares of the company’s stock worth $2,811,000 after buying an additional 42,203 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Expro Group by 732.6% in the 1st quarter. Jane Street Group LLC now owns 421,163 shares of the company’s stock worth $4,186,000 after acquiring an additional 370,579 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

About Expro Group

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.