Short Interest in Expro Group Holdings N.V. (NYSE:XPRO) Drops By 18.1%

Expro Group Holdings N.V. (NYSE:XPRO) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 6,148,120 shares, a decline of 18.1% from the December 15th total of 7,504,572 shares. Currently, 5.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,433,056 shares, the short-interest ratio is currently 4.3 days. Based on an average daily trading volume, of 1,433,056 shares, the short-interest ratio is currently 4.3 days. Currently, 5.5% of the company’s stock are short sold.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Expro Group by 54.3% during the 3rd 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. Nisa Investment Advisors LLC increased its position in Expro Group by 2,394.2% during the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after acquiring an additional 2,897 shares during the period. State of Alaska Department of Revenue acquired a new stake in Expro Group in the 3rd quarter worth about $47,000. US Bancorp DE boosted its holdings in Expro Group by 8.6% in the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after purchasing an additional 799 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Expro Group by 773.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,285 shares of the company’s stock worth $122,000 after purchasing an additional 9,107 shares in the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

Expro Group Stock Performance

Shares of XPRO stock opened at $15.23 on Wednesday. Expro Group has a 52 week low of $6.70 and a 52 week high of $16.78. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 25.82 and a beta of 1.00. The company has a 50-day simple moving average of $14.09 and a 200 day simple moving average of $12.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 2.11.

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

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.