Expro Group (NYSE:XPRO) Trading Down 9.4% – What’s Next?

Shares of Expro Group Holdings N.V. (NYSE:XPRO) traded down 9.4% during trading on Wednesday . The company traded as low as $16.29 and last traded at $16.17. 604,391 shares changed hands during trading, a decline of 47% from the average session volume of 1,137,561 shares. The stock had previously closed at $17.84.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays upped their target price on Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday. Piper Sandler upped their price objective on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, April 15th. Weiss Ratings lowered Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, Freedom Capital downgraded Expro Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Expro Group has a consensus rating of “Hold” and a consensus price target of $16.50.

Expro Group Stock Down 1.1%

The company has a current ratio of 2.13, a quick ratio of 1.79 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.75 billion, a PE ratio of 48.11 and a beta of 0.97. The business’s 50-day simple moving average is $16.99 and its 200 day simple moving average is $15.47.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $382.13 million during the quarter, compared to analysts’ expectations of $413.47 million. Expro Group had a net margin of 2.32% and a return on equity of 3.91%. The company’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. As a group, equities research analysts expect that Expro Group Holdings N.V. will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in XPRO. US Bancorp DE lifted its stake 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. Wells Fargo & Company MN grew its stake in Expro Group by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock valued at $4,429,000 after purchasing an additional 945 shares during the last quarter. Focus Partners Wealth grew its stake in Expro Group by 5.9% in the third quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock valued at $206,000 after purchasing an additional 954 shares during the last quarter. Jane Street Group LLC raised its holdings in Expro Group by 3.1% in the fourth quarter. Jane Street Group LLC now owns 48,691 shares of the company’s stock worth $650,000 after purchasing an additional 1,446 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Expro Group by 0.9% during the third quarter. Swiss National Bank now owns 190,100 shares of the company’s stock valued at $2,258,000 after buying an additional 1,700 shares during the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

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.