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

Expro Group Holdings N.V. (NYSE:XPRO)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $15.38 and last traded at $15.18, with a volume of 460178 shares. The stock had previously closed at $14.43.

Wall Street Analyst Weigh In

XPRO has been the topic of a number of research reports. Piper Sandler downgraded shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target on the stock. in a report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their price target on shares of Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Barclays lifted their target price on Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.00.

Expro Group Trading Up 5.5%

The company has a current ratio of 2.11, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $13.81 and a 200 day simple moving average of $12.23. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 25.80 and a beta of 1.00.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $411.36 million for the quarter, compared to analyst estimates of $426.65 million. Expro Group had a net margin of 4.15% and a return on equity of 6.41%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. As a group, equities research analysts predict that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Expro Group

Several hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its position in shares of Expro Group by 2,394.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock valued at $26,000 after acquiring an additional 2,897 shares during the period. GAMMA Investing LLC increased its position in shares of Expro Group by 54.3% in the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after buying an additional 871 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Expro Group in the third quarter valued at approximately $47,000. Pallas Capital Advisors LLC acquired a new position in shares of Expro Group during the 2nd quarter worth approximately $90,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Expro Group by 13.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company’s stock valued at $91,000 after buying an additional 1,265 shares in the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

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.