Expro Group (NYSE:XPRO) Stock Price Up 4.6% – Here’s Why

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

Analysts Set New Price Targets

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

Expro Group Stock Down 0.0%

The firm has a 50-day simple moving average of $17.28 and a 200 day simple moving average of $16.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76. The company has a market capitalization of $1.82 billion, a PE ratio of 90.02 and a beta of 0.96.

Expro Group (NYSE:XPRO) last announced 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). The company had revenue of $393.18 million for the quarter, compared to analysts’ expectations of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, research analysts predict 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 institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Expro Group during the 2nd quarter worth approximately $117,773,000. Dimensional Fund Advisors LP boosted its stake in shares of Expro Group by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock valued at $103,023,000 after buying an additional 533,741 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Expro Group by 7.9% during the 1st quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock valued at $81,816,000 after buying an additional 342,449 shares during the last quarter. Webs Creek Capital Management LP bought a new stake in shares of Expro Group in the second quarter worth $41,746,474. Finally, William Blair Investment Management LLC acquired a new stake in Expro Group in the second quarter valued at $25,762,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

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.