Expro Group (NYSE:XPRO) Issues Earnings Results, Misses Expectations By $0.10 EPS

Expro Group (NYSE:XPRO) posted its quarterly earnings results on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.10), Zacks reports. Expro Group had a return on equity of 3.91% and a net margin of 2.32%.

Expro Group Stock Down 0.8%

XPRO stock opened at $15.67 on Tuesday. Expro Group has a 52-week low of $8.69 and a 52-week high of $18.73. The company’s 50 day simple moving average is $15.32 and its 200-day simple moving average is $16.14. 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 firm has a market capitalization of $1.78 billion, a P/E ratio of 48.96 and a beta of 0.90.

Insider Buying and Selling

In related news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the completion of the transaction, the director owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Expro Group

A number of hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new stake in shares of Expro Group in the fourth quarter worth $51,000. Quadrant Capital Group LLC raised 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 valued at $53,000 after buying an additional 3,813 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Expro Group in the 4th quarter worth about $69,000. US Bancorp DE lifted its stake in Expro Group by 8.6% in the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after acquiring an additional 799 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Expro Group in the 1st quarter worth about $104,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Wall Street Analysts Forecast Growth

XPRO has been the subject of a number of recent research reports. Barclays cut their price objective on Expro Group from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings lowered Expro Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, KeyCorp upgraded Expro Group to a “neutral” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.33.

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.