Expro Group (NYSE:XPRO) Shares Gap Down – Time to Sell?

Shares of Expro Group Holdings N.V. (NYSE:XPRO) gapped down before the market opened on Thursday . The stock had previously closed at $17.43, but opened at $16.59. Expro Group shares last traded at $16.5420, with a volume of 23,437 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on XPRO shares. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. The Goldman Sachs Group set a $19.00 target price on Expro Group in a research note on Thursday, June 4th. Wall Street Zen raised Expro Group to a “hold” rating in a report on Saturday. KeyCorp raised shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. Finally, Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.00.

Expro Group Stock Up 0.3%

The firm’s 50 day moving average price is $17.15 and its 200-day moving average price is $16.47. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.85 billion, a P/E ratio of 91.36 and a beta of 0.92.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share 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 quarter in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, equities research analysts expect that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Expro Group

A number of institutional investors have recently made changes to their positions in XPRO. BlackRock Inc. acquired a new position in Expro Group in the second quarter valued at about $117,773,000. Dimensional Fund Advisors LP grew its position in shares of Expro Group by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after buying an additional 533,741 shares during the period. Jennison Associates LLC increased its stake in shares of Expro Group by 7.9% in the 1st quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock valued at $81,816,000 after acquiring an additional 342,449 shares during the last quarter. Webs Creek Capital Management LP bought a new stake in shares of Expro Group in the 2nd quarter valued at about $41,746,474. Finally, William Blair Investment Management LLC acquired a new stake in shares of Expro Group in the 2nd quarter valued at approximately $25,762,000. 92.07% of the stock is owned by institutional investors and hedge funds.

Expro Group Company Profile

Expro Group, Inc provides energy services for offshore and onshore oil and natural gas wells. The company supports customers throughout the well life cycle, from exploration and appraisal through development, production, intervention and decommissioning.

Its services include well testing and evaluation, well flow management, subsea well access, well intervention, production optimization and well construction support. Expro also provides equipment and technologies designed to improve well performance, manage pressure and fluids, and support safe and efficient operations in challenging environments.

Expro serves exploration and production companies, primarily across international markets including the North Sea, the Gulf of Mexico, the Middle East, Africa, Asia-Pacific and Latin America.