Expro Group (NYSE:XPRO) Stock Price Down 7.2% - Time to Sell?

Key Points

• Expro Group's share price dropped by 7.2%, trading as low as $11.18 before closing at $11.03, with trading volume down 48% from its average.
• Several analysts have issued ratings for XPRO, with a consensus rating of "Moderate Buy" and a price target of $11.50.
• Expro Group reported earnings of $0.16 per share for the last quarter, exceeding expectations and is forecasted to post an EPS of 0.68 for the current year.

Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report) shares dropped 7.2% during trading on Wednesday . The stock traded as low as $11.18 and last traded at $11.03. Approximately 632,559 shares traded hands during trading, a decline of 48% from the average daily volume of 1,217,564 shares. The stock had previously closed at $11.89.

Wall Street Analysts Forecast Growth

XPRO has been the topic of several research analyst reports. Piper Sandler initiated coverage on shares of Expro Group in a research note on Tuesday, July 15th. They set a "neutral" rating and a $10.00 price target on the stock. Barclays increased their price target on shares of Expro Group from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday. Pickering Energy Partners initiated coverage on shares of Expro Group in a research note on Monday, July 28th. They set an "outperform" rating on the stock. The Goldman Sachs Group decreased their price target on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, Wells Fargo & Company initiated coverage on shares of Expro Group in a research note on Tuesday, May 27th. They set an "overweight" rating and a $12.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Expro Group has a consensus rating of "Moderate Buy" and an average target price of $12.25.

Expro Group Price Performance

The company's fifty day moving average is $9.06 and its two-hundred day moving average is $9.97. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 17.26 and a beta of 1.20. The company has a quick ratio of 1.74, a current ratio of 2.14 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Expro Group had a net margin of 4.26% and a return on equity of 6.43%. The business had revenue of $422.74 million for the quarter, compared to analyst estimates of $408.04 million. Equities research analysts anticipate that Expro Group Holdings N.V. will post 0.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expro Group

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its holdings in Expro Group by 2,394.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company's stock valued at $26,000 after buying an additional 2,897 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Expro Group by 824.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock worth $38,000 after acquiring an additional 2,705 shares during the period. Fifth Third Bancorp bought a new position in Expro Group in the first quarter valued at $87,000. Pallas Capital Advisors LLC bought a new position in Expro Group in the second quarter valued at $90,000. Finally, Brighton Jones LLC bought a new position in Expro Group in the first quarter valued at $103,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Company Profile

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.