Expro Group (NYSE:XPRO) Shares Gap Down – What’s Next?

Expro Group Holdings N.V. (NYSE:XPRO)’s share price gapped down before the market opened on Monday . The stock had previously closed at $14.64, but opened at $14.10. Expro Group shares last traded at $13.9450, with a volume of 24,553 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on XPRO shares. The Goldman Sachs Group increased their target price on shares of Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th. Barclays raised their target price on Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Piper Sandler boosted their target price on Expro Group from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.00.

Expro Group Trading Down 8.1%

The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.44 billion, a P/E ratio of 21.47 and a beta of 1.04. The firm’s 50-day moving average price is $13.62 and its 200 day moving average price is $11.62.

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

Institutional Investors Weigh In On Expro Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Expro Group by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,626,402 shares of the company’s stock worth $126,242,000 after acquiring an additional 38,826 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Expro Group by 60.0% during the first quarter. Earnest Partners LLC now owns 7,140,421 shares of the company’s stock valued at $70,976,000 after purchasing an additional 2,678,489 shares in the last quarter. American Century Companies Inc. boosted its holdings in Expro Group by 10.0% during the second quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock worth $47,879,000 after purchasing an additional 507,805 shares during the last quarter. Geode Capital Management LLC grew its position in Expro Group by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,451,214 shares of the company’s stock worth $21,058,000 after purchasing an additional 93,014 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Expro Group by 37.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,050,542 shares of the company’s stock worth $20,382,000 after purchasing an additional 557,750 shares in the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.