Expro Group (NYSE:XPRO) Hits New 1-Year High - Should You Buy?

Key Points

• Expro Group shares hit a new 52-week high of $19.14 and last traded at $19.01, above the $18.00 consensus analyst price target.
• Analyst sentiment remains mixed, with a consensus “Hold” rating from seven analysts, despite one recent “Strong Buy” upgrade and a Barclays “Overweight” rating.
• The company beat revenue expectations in its latest quarter but missed on earnings, reporting $0.15 EPS versus $0.17 expected; revenue declined 7% year over year to $393.18 million.

Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $19.14 and last traded at $19.01, with a volume of 281078 shares changing hands. The stock had previously closed at $18.37.

Analysts Set New Price Targets

XPRO has been the subject of a number of research analyst reports. Freedom Capital upgraded shares of Expro Group from a "strong sell" rating to a "hold" rating in a research report on Monday, May 18th. Weiss Ratings raised shares of Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 29th. KeyCorp raised shares of Expro Group to a "neutral" rating in a research note on Thursday, June 4th. Barclays lowered their price target on shares of Expro Group from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Finally, Zacks Research raised Expro Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.00.

Expro Group Price Performance

The company has a 50 day moving average price of $15.72 and a 200-day moving average price of $16.31. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 104.36 and a beta of 0.90. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06.

Expro Group (NYSE:XPRO - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The business had revenue of $393.18 million for the quarter, compared to analyst estimates of $387.36 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm's quarterly revenue was down 7.0% on a year-over-year basis. As a group, equities research analysts predict that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

Insider Activity at Expro Group

In other news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the transaction, the director owned 47,648 shares in the company, valued at approximately $721,390.72. The trade was a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Expro Group in the 2nd quarter valued at $117,773,000. Jennison Associates LLC bought a new stake in Expro Group during the fourth quarter valued at $58,165,000. Webs Creek Capital Management LP acquired a new stake in Expro Group during the 2nd quarter worth about $41,746,474,000. Price T Rowe Associates Inc. MD raised its position in shares of Expro Group by 20.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company's stock worth $147,264,000 after acquiring an additional 1,878,245 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of Expro Group in the 2nd quarter valued at about $25,762,000. 92.07% of the stock is owned by institutional investors and hedge funds.

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.

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