Expro Group (NYSE:XPRO) Shares Gap Up – Time to Buy?

Expro Group Holdings N.V. (NYSE:XPRO) gapped up prior to trading on Monday . The stock had previously closed at $13.64, but opened at $14.56. Expro Group shares last traded at $14.7850, with a volume of 126,713 shares.

Analyst Upgrades and Downgrades

XPRO has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Piper Sandler cut Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price on the stock. in a research note on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th. Finally, 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 report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Expro Group Trading Down 1.0%

The firm has a fifty day moving average of $13.77 and a two-hundred day moving average of $12.07. The company has a market cap of $1.59 billion, a PE ratio of 23.81 and a beta of 1.00. 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 released its quarterly earnings data on Thursday, October 23rd. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $411.36 million for the quarter, compared to the consensus estimate of $426.65 million. Expro Group had a net margin of 4.15% and a return on equity of 6.41%. The company’s revenue 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 predict that Expro Group Holdings N.V. will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XPRO. Nisa Investment Advisors LLC lifted its position in shares of 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of Expro Group by 54.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after purchasing an additional 871 shares during the period. State of Alaska Department of Revenue purchased a new stake in Expro Group during the 3rd quarter worth about $47,000. Pallas Capital Advisors LLC purchased a new stake in Expro Group during the 2nd quarter worth about $90,000. Finally, Ameritas Investment Partners Inc. boosted its stake in Expro Group by 13.6% in the 2nd 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. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

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.