Expro Group Holdings N.V. (NYSE:XPRO) Short Interest Update

Expro Group Holdings N.V. (NYSE:XPRO) saw 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. Based on an average daily volume of 1,433,056 shares, the short-interest ratio is currently 4.3 days. Currently, 5.5% of the shares of the stock are short sold. Currently, 5.5% of the shares of the stock are short sold. Based on an average daily volume of 1,433,056 shares, the short-interest ratio is currently 4.3 days.

Institutional Trading of Expro Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE lifted its position in Expro Group by 8.6% during the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after acquiring an additional 799 shares during the period. GAMMA Investing LLC raised its stake in shares of Expro Group by 54.3% in the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after purchasing an additional 871 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Expro Group by 5.9% in the third quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock worth $206,000 after purchasing an additional 954 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Expro Group by 13.6% during the second quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company’s stock worth $91,000 after purchasing an additional 1,265 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in Expro Group by 4.5% in the second quarter. Verdence Capital Advisors LLC now owns 34,740 shares of the company’s stock valued at $298,000 after buying an additional 1,508 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have 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 price objective on the stock. in a research report on Thursday, December 18th. The Goldman Sachs Group increased their price objective on shares of Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Barclays raised their price objective on shares of Expro Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Expro Group has an average rating of “Hold” and an average target price of $14.00.

Expro Group Trading Up 0.1%

Shares of NYSE XPRO traded up $0.01 during trading hours on Monday, reaching $16.25. The stock had a trading volume of 756,883 shares, compared to its average volume of 1,114,791. Expro Group has a 52-week low of $6.70 and a 52-week high of $16.78. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 27.54 and a beta of 1.00. The business’s fifty day moving average price is $14.02 and its two-hundred day moving average price is $12.43. 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 earnings per share 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 analyst estimates of $426.65 million. Expro Group had a return on equity of 6.41% and a net margin of 4.15%.Expro Group’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. Analysts expect that Expro Group will post 0.68 EPS for the current fiscal year.

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.