Expro Group (NYSE:XPRO) Trading Up 6% - Here's What Happened

Key Points

• Expro Group Holdings N.V. shares increased by 6% during mid-day trading, reaching a price of $13.57 after closing at $12.80
• Analysts have a consensus rating of Moderate Buy for XPRO, with a target price ranging between $11.00 and $15.00 from various research firms.
• Following its last earnings report, Expro Group exceeded expectations with an EPS of $0.16 and an upward revision of its FY 2025 guidance.

Shares of Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report) were up 6% during mid-day trading on Wednesday . The company traded as high as $13.46 and last traded at $13.57. Approximately 632,571 shares traded hands during trading, a decline of 48% from the average daily volume of 1,215,253 shares. The stock had previously closed at $12.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on XPRO shares. Weiss Ratings reissued a "hold (c)" rating on shares of Expro Group in a research report on Wednesday, October 8th. Barclays upped their target price on shares of Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Piper Sandler upped their target price on shares of Expro Group from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Finally, Pickering Energy Partners began coverage on shares of Expro Group in a report on Monday, July 28th. They issued an "outperform" rating for the company. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.50.

Expro Group Price Performance

The firm's 50-day moving average price is $12.20 and its 200-day moving average price is $9.97. The company has a current ratio of 2.14, a quick ratio of 1.78 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.57 billion, a PE ratio of 22.24 and a beta of 1.11.

Expro Group (NYSE:XPRO - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $422.74 million for the quarter, compared to analysts' expectations of $408.04 million. Expro Group had a net margin of 4.26% and a return on equity of 6.43%. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal year.

Institutional Trading of Expro Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in Expro Group by 2,394.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company's stock worth $26,000 after purchasing an additional 2,897 shares during the period. GAMMA Investing LLC raised its position in Expro Group by 54.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company's stock worth $29,000 after purchasing an additional 871 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Expro Group in the 2nd quarter worth about $90,000. Ameritas Investment Partners Inc. raised its position in Expro Group by 13.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company's stock worth $91,000 after purchasing an additional 1,265 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Expro Group by 594.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,942 shares of the company's stock worth $103,000 after purchasing an additional 10,223 shares during the period. 92.07% of the stock is owned by hedge funds and other institutional investors.

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.

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