Expro Group (NYSE:XPRO) Hits New 12-Month High – Here’s Why

Expro Group Holdings N.V. (NYSE:XPRO)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $18.74 and last traded at $18.6480, with a volume of 801316 shares trading hands. The stock had previously closed at $18.41.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. KeyCorp raised shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. Barclays cut their target price on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Piper Sandler boosted their price objective on Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 15th. Finally, The Goldman Sachs Group set a $19.00 price target on Expro Group in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.00.

Expro Group Price Performance

The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $15.54 and a two-hundred day moving average price of $16.23. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 103.60 and a beta of 0.90.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) 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 business had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. During the same period in the previous year, the business posted $0.30 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, research analysts anticipate that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Insider Activity

In other news, Director Eileen Goss Whelley sold 6,168 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the completion of the sale, the director directly owned 47,648 shares of the company’s stock, valued at $721,390.72. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expro Group

A number of hedge funds have recently added to or reduced their stakes in XPRO. AQR Capital Management LLC lifted its holdings in shares of Expro Group by 47.3% in the first quarter. AQR Capital Management LLC now owns 161,099 shares of the company’s stock valued at $1,601,000 after purchasing an additional 51,727 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Expro Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company’s stock valued at $559,000 after buying an additional 2,463 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Expro Group by 47.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock valued at $8,982,000 after acquiring an additional 292,198 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Expro Group by 17.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 282,788 shares of the company’s stock worth $2,811,000 after acquiring an additional 42,203 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Expro Group by 732.6% in the 1st quarter. Jane Street Group LLC now owns 421,163 shares of the company’s stock worth $4,186,000 after acquiring an additional 370,579 shares in the last quarter. Institutional investors and hedge funds 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.