Expro Group (NYSE:XPRO) Stock Breaks Above 50-Day Moving Average – What’s Next?

Expro Group Holdings N.V. (NYSE:XPRO)’s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $17.04 and traded as high as $17.25. Expro Group shares last traded at $17.0620, with a volume of 452,310 shares.

Analyst Ratings Changes

Several research analysts recently commented on XPRO shares. Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. 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. 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. Finally, Wall Street Zen raised shares of Expro Group to a “hold” rating in a report on Saturday, September 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.00.

Expro Group Stock Performance

The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.92 billion, a P/E ratio of 94.79 and a beta of 0.96. The business has a fifty day moving average of $17.04 and a 200 day moving average of $16.41.

Expro Group (NYSE:XPRO) 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 company had revenue of $393.18 million during 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%. The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. On average, equities analysts predict that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Expro Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings 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 during the period. KBC Group NV purchased a new position in shares of Expro Group in the 1st quarter worth $45,000. Keybank National Association OH boosted its stake in shares of Expro Group by 11.0% in the 1st quarter. Keybank National Association OH now owns 26,105 shares of the company’s stock worth $454,000 after buying an additional 2,596 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Expro Group in the second quarter worth $62,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Expro Group by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 299,484 shares of the company’s stock worth $4,423,000 after acquiring an additional 4,877 shares during the period. 92.07% of the stock is owned by hedge funds and other institutional investors.

About Expro Group

Expro Group, Inc provides energy services and technologies that support the exploration, development, and production of oil and natural gas wells. The company helps operators manage wells throughout their life cycles, from drilling and completion through production, intervention, and abandonment.

Its offerings include well construction and well management services, well flow management, subsea services, and well intervention and integrity solutions. These services are designed to improve operational efficiency, safety, well performance, and reservoir recovery in both offshore and onshore environments.

Headquartered in Houston, Texas, Expro serves energy companies across major oil and gas producing regions worldwide, including North America, the North Sea, the Middle East, Africa, Asia-Pacific, and Latin America.