Expro Group (NYSE:XPRO) Shares Gap Down – Here’s What Happened

Expro Group Holdings N.V. (NYSE:XPRO)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $17.43, but opened at $16.59. Expro Group shares last traded at $16.5420, with a volume of 23,437 shares trading hands.

Analyst Ratings Changes

A number of research analysts have commented on XPRO shares. The Goldman Sachs Group set a $19.00 target price on Expro Group in a report on Thursday, June 4th. Weiss Ratings raised Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Barclays reduced their price objective on Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research note 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.00.

Expro Group Price Performance

The company has a market capitalization of $1.85 billion, a P/E ratio of 91.44 and a beta of 0.92. The company has a fifty day moving average price of $17.10 and a 200 day moving average price of $16.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The company had revenue of $393.18 million for the quarter, compared to analyst estimates of $387.36 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Expro Group

A number of hedge funds have recently added to or reduced their stakes in XPRO. Royal Bank of Canada lifted its position 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 valued at $71,000 after acquiring an additional 1,222 shares in the last quarter. KBC Group NV acquired a new stake in Expro Group during the 1st quarter valued at $45,000. Keybank National Association OH lifted its holdings in shares of Expro Group by 11.0% in the first quarter. Keybank National Association OH now owns 26,105 shares of the company’s stock valued at $454,000 after purchasing an additional 2,596 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Expro Group in the second quarter worth $62,000. Finally, Legato Capital Management LLC boosted its position in shares of Expro Group by 9.7% in the fourth quarter. Legato Capital Management LLC now owns 48,000 shares of the company’s stock worth $641,000 after buying an additional 4,249 shares during the period. 92.07% of the stock is currently owned by institutional investors.

Expro Group Company Profile

Expro Group, Inc provides energy services for offshore and onshore oil and natural gas wells. The company supports customers throughout the well life cycle, from exploration and appraisal through development, production, intervention and decommissioning.

Its services include well testing and evaluation, well flow management, subsea well access, well intervention, production optimization and well construction support. Expro also provides equipment and technologies designed to improve well performance, manage pressure and fluids, and support safe and efficient operations in challenging environments.

Expro serves exploration and production companies, primarily across international markets including the North Sea, the Gulf of Mexico, the Middle East, Africa, Asia-Pacific and Latin America.