Expro Group (NYSE:XPRO) Stock Price Up 4% – Time to Buy?

Expro Group Holdings N.V. (NYSE:XPRO) rose 4% on Friday. The company traded as high as $16.28 and last traded at $16.3190. Approximately 297,180 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 1,066,251 shares. The stock had previously closed at $15.69.

Wall Street Analysts Forecast Growth

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

Expro Group Stock Up 4.2%

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 business has a fifty day simple moving average of $17.24 and a two-hundred day simple moving average of $16.36. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 90.83 and a beta of 0.96.

Expro Group (NYSE:XPRO) last posted 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 3.28% and a net margin of 1.33%. The company had revenue of $393.18 million for the quarter, compared to the consensus estimate of $387.36 million. During the same quarter last year, the business earned $0.30 EPS. Expro Group’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts expect that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Hedge Funds Weigh In On Expro Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPRO. Royal Bank of Canada boosted its holdings in shares of Expro Group by 43.8% in the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock worth $71,000 after purchasing an additional 1,222 shares in the last quarter. KBC Group NV bought a new position in Expro Group during the first quarter valued at approximately $45,000. Keybank National Association OH raised its stake in shares of Expro Group by 11.0% during the first quarter. Keybank National Association OH now owns 26,105 shares of the company’s stock worth $454,000 after acquiring an additional 2,596 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Expro Group during the second quarter worth approximately $62,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Expro Group by 1.7% during 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 in the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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.