Expro Group (NYSE:XPRO) Shares Gap Up - Here's Why

Expro Group Holdings (NYSE:XPRO - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $7.85, but opened at $8.23. Expro Group shares last traded at $7.92, with a volume of 92,062 shares changing hands.

Wall Street Analyst Weigh In

XPRO has been the subject of several analyst reports. Barclays decreased their price objective on Expro Group from $14.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. The Goldman Sachs Group decreased their price objective on Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Wells Fargo & Company initiated coverage on Expro Group in a report on Tuesday. They issued an "overweight" rating and a $12.00 price objective for the company.

Expro Group Price Performance

The company has a market cap of $961.21 million, a P/E ratio of 59.50, a PEG ratio of 1.28 and a beta of 1.17. The company has a fifty day moving average price of $8.39 and a two-hundred day moving average price of $11.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98.

Hedge Funds Weigh In On Expro Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its holdings in Expro Group by 27.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock worth $138,736,000 after purchasing an additional 2,426,258 shares during the period. Vanguard Group Inc. grew its holdings in Expro Group by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company's stock worth $127,646,000 after purchasing an additional 260,914 shares during the period. Earnest Partners LLC grew its holdings in Expro Group by 60.0% during the first quarter. Earnest Partners LLC now owns 7,140,421 shares of the company's stock worth $70,976,000 after purchasing an additional 2,678,489 shares during the period. American Century Companies Inc. grew its holdings in Expro Group by 20.4% during the first quarter. American Century Companies Inc. now owns 5,065,985 shares of the company's stock worth $50,356,000 after purchasing an additional 859,000 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Expro Group by 18.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company's stock worth $59,283,000 after purchasing an additional 728,836 shares during the period. Institutional investors own 92.07% of the company's stock.

About Expro Group

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.