Expro Group (NYSE:XPRO) Shares Down 7.5% – What’s Next?

Shares of Expro Group Holdings N.V. (NYSE:XPRO) were down 7.5% during trading on Tuesday . The stock traded as low as $12.67 and last traded at $12.7430. Approximately 246,104 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 1,198,199 shares. The stock had previously closed at $13.78.

Analyst Ratings Changes

XPRO has been the subject of several research reports. Barclays increased their price objective on shares of Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. The Goldman Sachs Group increased their price target on Expro Group from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Piper Sandler lifted their price objective on Expro Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Expro Group Stock Performance

The firm has a 50 day moving average of $13.62 and a 200-day moving average of $11.58. The company has a market cap of $1.43 billion, a P/E ratio of 21.31 and a beta of 1.04. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.07.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $411.36 million during the quarter, compared to analyst estimates of $426.65 million. Expro Group had a net margin of 4.15% and a return on equity of 6.41%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. As a group, sell-side analysts anticipate that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal year.

Institutional Trading of Expro Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPRO. US Bancorp DE raised its stake in shares of Expro Group by 8.6% in the third 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. GAMMA Investing LLC increased its holdings in Expro Group by 54.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after buying an additional 871 shares during the period. Focus Partners Wealth raised its position in Expro Group by 5.9% during the 3rd quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock worth $206,000 after buying an additional 954 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Expro Group by 13.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company’s stock valued at $91,000 after acquiring an additional 1,265 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Expro Group by 4.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 36,015 shares of the company’s stock valued at $358,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

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.