Expro Group (NYSE:XPRO) Reaches New 12-Month High – What’s Next?

Expro Group Holdings N.V. (NYSE:XPRO) hit a new 52-week high during trading on Tuesday . The stock traded as high as $15.38 and last traded at $15.18, with a volume of 460178 shares. The stock had previously closed at $14.43.

Analyst Ratings Changes

Several analysts have recently issued reports on XPRO shares. Piper Sandler cut shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a research note on Thursday, December 18th. The Goldman Sachs Group lifted their price objective on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th. Finally, Barclays lifted their price target on Expro Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.00.

Expro Group Trading Up 5.5%

The company has a market capitalization of $1.73 billion, a PE ratio of 25.80 and a beta of 1.00. The company has a fifty day simple moving average of $13.81 and a 200-day simple moving average of $12.23. The company has a current ratio of 2.11, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07.

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

Hedge Funds Weigh In On Expro Group

Several large investors have recently modified their holdings of XPRO. Nisa Investment Advisors LLC increased its position in shares of Expro Group by 2,394.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after purchasing an additional 2,897 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 during the period. State of Alaska Department of Revenue purchased a new position in Expro Group during the third quarter worth about $47,000. Pallas Capital Advisors LLC acquired a new stake in shares of Expro Group during the second quarter valued at about $90,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Expro Group by 13.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company’s stock worth $91,000 after acquiring an additional 1,265 shares during the last quarter. 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.