Expro Group (NYSE:XPRO) Trading Up 4.7% – Here’s Why

Expro Group Holdings N.V. (NYSE:XPRO) was up 4.7% on Monday . The company traded as high as $18.41 and last traded at $18.4450. 25,370 shares were traded during trading, a decline of 98% from the average daily volume of 1,109,855 shares. The stock had previously closed at $17.61.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XPRO. Weiss Ratings raised Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. KeyCorp raised shares of Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Freedom Capital upgraded shares of Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Barclays reduced their target price on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Expro Group Trading Down 3.0%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. The firm has a 50-day moving average of $16.33 and a 200-day moving average of $16.43. The firm has a market capitalization of $1.98 billion, a P/E ratio of 97.67 and a beta of 0.92.

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

Hedge Funds Weigh In On Expro Group

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in Expro Group by 20.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock valued at $147,264,000 after purchasing an additional 1,878,245 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Expro Group in the 2nd quarter worth approximately $117,773,000. Dimensional Fund Advisors LP increased its stake in shares of Expro Group by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock valued at $103,023,000 after buying an additional 533,741 shares during the period. Jennison Associates LLC increased its stake in shares of Expro Group by 7.9% during the first quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock valued at $81,816,000 after buying an additional 342,449 shares during the period. Finally, Webs Creek Capital Management LP bought a new position in shares of Expro Group during the second quarter valued at approximately $41,746,474. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Company Profile

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.