Expro Group (NYSE:XPRO) Reaches New 52-Week High – What’s Next?

Expro Group Holdings N.V. (NYSE:XPRO)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $15.00 and last traded at $14.8350, with a volume of 354916 shares changing hands. The stock had previously closed at $14.14.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th. The Goldman Sachs Group boosted 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. Finally, Piper Sandler raised their price objective on shares of Expro Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Expro Group Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 2.11. The firm’s 50 day moving average is $13.34 and its 200-day moving average is $11.23. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 25.18 and a beta of 1.04.

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, topping 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 during the quarter, compared to the consensus estimate of $426.65 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts forecast that Expro Group Holdings N.V. will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Expro Group

A number of hedge funds and other institutional investors have recently modified their holdings of XPRO. GAMMA Investing LLC raised 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 purchasing an additional 871 shares during the period. Nisa Investment Advisors LLC increased its stake 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 last quarter. State of Alaska Department of Revenue acquired a new position in shares of Expro Group in the 3rd quarter valued at $47,000. US Bancorp DE increased its position in shares of 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 purchasing an additional 799 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Expro Group by 773.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,285 shares of the company’s stock valued at $122,000 after buying an additional 9,107 shares during the period. 92.07% of the stock is owned by institutional investors and hedge funds.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.