Expro Group (NYSE:XPRO) Sets New 52-Week High – Should You Buy?

Expro Group Holdings N.V. (NYSE:XPRO)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.06 and last traded at $16.9670, with a volume of 39709 shares traded. The stock had previously closed at $16.31.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays lifted their target price on shares of Expro Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group lifted 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. Piper Sandler lowered shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price objective for the company. in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.00.

Expro Group Trading Up 3.9%

The company has a debt-to-equity ratio of 0.07, a current ratio of 2.11 and a quick ratio of 1.74. The stock has a market cap of $1.92 billion, a P/E ratio of 28.69 and a beta of 1.01. The firm’s fifty day moving average price is $14.96 and its two-hundred day moving average price is $13.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of 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. Boston Partners boosted its position in shares of Expro Group by 73.8% during the second quarter. Boston Partners now owns 1,342,405 shares of the company’s stock worth $11,536,000 after acquiring an additional 569,977 shares during the last quarter. LSV Asset Management purchased a new position in Expro Group during the second quarter valued at $324,000. CWM LLC increased its holdings in Expro Group by 603.7% in the 2nd quarter. CWM LLC now owns 25,729 shares of the company’s stock valued at $221,000 after acquiring an additional 22,073 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Expro Group during the 3rd quarter valued at about $4,823,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

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.