Expro Group (NYSE:XPRO) Shares Up 4.6% – What’s Next?

Expro Group Holdings N.V. (NYSE:XPRO) shares traded up 4.6% during mid-day trading on Thursday. The company traded as high as $16.25 and last traded at $16.2610. Approximately 262,602 shares changed hands during trading, a decline of 76% from the average daily volume of 1,074,306 shares. The stock had previously closed at $15.55.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XPRO. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Barclays cut their price target on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Wall Street Zen upgraded shares of Expro Group to a “hold” rating in a report on Saturday, September 19th. Finally, Weiss Ratings raised shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.00.

Expro Group Trading Up 4.7%

The company has a market capitalization of $1.83 billion, a PE ratio of 90.19 and a beta of 0.96. The company’s fifty day moving average is $17.25 and its 200-day moving average is $16.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76.

Expro Group (NYSE:XPRO) last posted its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $393.18 million for the quarter, compared to analysts’ expectations of $387.36 million. Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. On average, analysts anticipate that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Expro Group

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in Expro Group during the 2nd quarter valued at about $5,518,000. Wedge Capital Management L L P NC acquired a new stake in Expro Group in the second quarter worth about $1,419,000. Jennison Associates LLC grew its stake in shares of Expro Group by 7.9% during the first quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock worth $81,816,000 after acquiring an additional 342,449 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Expro Group during the second quarter worth about $1,234,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Expro Group during the second quarter valued at about $4,582,000. 92.07% of the stock is currently owned by institutional investors.

About Expro Group

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.