Expro Group (NYSE:XPRO) Shares Up 4.7% - Here's Why

Key Points

• Expro Group shares rose 4.7% to approximately $18.45, although trading volume was 98% below the average session level.
• Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $18.00.
• Expro reported quarterly EPS of $0.15, below the $0.17 consensus estimate, while revenue of $393.18 million exceeded expectations but fell 7% year over year.

Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report) shares rose 4.7% during trading on Monday . The company traded as high as $18.41 and last traded at $18.4450. Approximately 25,370 shares were traded during trading, a decline of 98% from the average session volume of 1,109,855 shares. The stock had previously closed at $17.61.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Weiss Ratings upgraded Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research note on Thursday, June 4th. KeyCorp upgraded shares of Expro Group to a "neutral" rating in a research report on Thursday, June 4th. Freedom Capital raised shares of Expro Group from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. Finally, Barclays reduced their price target on shares of Expro Group from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Expro Group currently has an average rating of "Hold" and an average target price of $18.00.

Expro Group Stock Up 2.7%

The business has a fifty day moving average of $16.16 and a 200 day moving average of $16.41. The firm has a market cap of $2.03 billion, a P/E ratio of 100.44 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 issued its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The company had revenue of $393.18 million for the quarter, compared to the consensus estimate of $387.36 million. Expro Group had a return on equity of 3.27% and a net margin of 1.33%.Expro Group's quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. On average, equities research analysts predict that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Insiders Place Their Bets

In related news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction that occurred 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 of the company's stock, valued at $721,390.72. This trade represents a 11.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Expro Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE increased its position in Expro Group by 8.6% during the third quarter. US Bancorp DE now owns 10,062 shares of the company's stock worth $120,000 after acquiring an additional 799 shares during the period. Wells Fargo & Company MN grew its position in shares of Expro Group by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 331,758 shares of the company's stock worth $4,429,000 after purchasing an additional 945 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Expro Group by 5.9% during the third quarter. Focus Partners Wealth now owns 17,147 shares of the company's stock worth $206,000 after purchasing an additional 954 shares during the period. Royal Bank of Canada increased its holdings in shares of Expro Group by 43.8% during the first quarter. Royal Bank of Canada now owns 4,015 shares of the company's stock worth $71,000 after purchasing an additional 1,222 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Expro Group by 3.1% in the fourth quarter. Jane Street Group LLC now owns 48,691 shares of the company's stock valued at $650,000 after buying an additional 1,446 shares in the last quarter. 92.07% of the stock is owned by institutional investors.

About Expro Group

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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