Expro Group (NYSE:XPRO) Sets New 1-Year High - Time to Buy?

Key Points

• Expro Group shares reached a new 52-week high of $18.74, trading near $18.65, with the stock up from its prior close of $18.41.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a consensus price target of $18.00, despite upgrades from Zacks Research and recent target increases from Piper Sandler.
• Expro’s latest quarter showed revenue above estimates but earnings below expectations: revenue was $393.18 million versus $387.36 million expected, while EPS came in at $0.15 versus $0.17. Revenue declined 7% year over year.

Shares of Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.74 and last traded at $18.6480, with a volume of 801316 shares trading hands. The stock had previously closed at $18.41.

Analyst Ratings Changes

Several analysts have recently weighed in on XPRO shares. Barclays dropped their price objective 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. Weiss Ratings raised Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 29th. Piper Sandler raised their target price on Expro Group from $13.00 to $16.00 and gave the company an "underweight" rating in a research note on Wednesday, April 15th. The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a report on Thursday, June 4th. Finally, Zacks Research upgraded shares of Expro Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $18.00.

Expro Group Stock Performance

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 stock has a 50 day moving average price of $15.54 and a two-hundred day moving average price of $16.23. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 103.60 and a beta of 0.90.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The firm's quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. Analysts predict that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Insider Activity

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 of the company's stock, valued at $721,390.72. The trade was a 11.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company's stock.

Institutional Trading of Expro Group

Several institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $147,264,000 after purchasing an additional 1,878,245 shares during the period. BlackRock Inc. bought a new position in Expro Group in the 2nd quarter valued at about $117,773,000. Dimensional Fund Advisors LP raised its position in shares of Expro Group by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company's stock valued at $103,023,000 after buying an additional 533,741 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Expro Group by 7.9% during the 1st quarter. Jennison Associates LLC now owns 4,699,370 shares of the company's stock worth $81,816,000 after acquiring an additional 342,449 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in shares of Expro Group during the 2nd quarter worth approximately $25,762,000. 92.07% of the stock is currently owned by 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.

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