Expro Group (NYSE:XPRO) Reaches New 52-Week High – Should You Buy?

Expro Group Holdings N.V. (NYSE:XPRO)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.06 and last traded at $16.9670, with a volume of 39709 shares changing hands. The stock had previously closed at $16.31.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XPRO. Barclays lifted their price target on Expro Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group boosted their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Expro Group in a report on Wednesday, January 21st. Finally, Piper Sandler cut Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price objective on the stock. in a research report on Thursday, December 18th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Expro Group has a consensus rating of “Hold” and a consensus target price of $14.00.

Expro Group Trading Up 3.9%

The company has a market cap of $1.92 billion, a price-to-earnings ratio of 28.69 and a beta of 1.01. The company’s fifty day moving average price is $14.96 and its two-hundred day moving average price is $13.49. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.07.

Institutional Investors Weigh In On Expro Group

Large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in Expro Group by 2,394.2% during the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after acquiring an additional 2,897 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Expro Group by 54.3% during the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after buying an additional 871 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Expro Group in the third quarter valued at about $47,000. Global Retirement Partners LLC acquired a new position in shares of Expro Group in the fourth quarter valued at about $51,000. Finally, Quadrant Capital Group LLC increased its position in Expro Group by 2,978.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after acquiring an additional 3,813 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

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.