Expro Group (NYSE:XPRO) Stock Price Up 4% - Still a Buy?

Key Points

• Expro Group shares rose 4% to approximately $16.32 in mid-day trading, although volume was 72% below the stock’s average daily level.
• Analyst sentiment is mixed: the stock carries an average “Hold” rating and an $18.00 consensus price target, with ratings ranging from Strong Buy to Sell.
• The company narrowly missed quarterly earnings expectations, reporting $0.15 per share versus $0.17 expected, while revenue exceeded estimates at $393.18 million but declined 7% year over year.

Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report) was up 4% during mid-day trading on Friday. The stock traded as high as $16.28 and last traded at $16.3190. 297,180 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,066,251 shares. The stock had previously closed at $15.69.

Analyst Ratings Changes

A number of research firms have recently commented on XPRO. Weiss Ratings upgraded Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, July 29th. Barclays lowered their price objective 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. Zacks Research upgraded shares of Expro Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen raised Expro Group to a "hold" rating in a research report on Saturday, September 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $18.00.

Expro Group Price Performance

The company's 50 day moving average is $17.24 and its 200 day moving average is $16.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.05 and a quick ratio of 1.69. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 90.83 and a beta of 0.96.

Expro Group (NYSE:XPRO - Get Free Report) last posted its 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 business had revenue of $393.18 million for the quarter, compared to analysts' expectations of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.28%. The business's revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. Research analysts forecast that Expro Group Holdings N.V. will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Expro Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV acquired a new stake in shares of Expro Group in the first quarter valued at approximately $45,000. Global Retirement Partners LLC bought a new stake in shares of Expro Group during the 2nd quarter worth $62,000. Royal Bank of Canada raised its holdings in Expro Group by 43.8% during the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company's stock worth $71,000 after buying an additional 1,222 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Expro Group during the second quarter valued at approximately $98,000. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of Expro Group in the second quarter valued at $154,000. 92.07% of the stock is owned by institutional investors and hedge funds.

About Expro Group

Expro Group, Inc is an energy services company that provides products and services used throughout the life cycle of oil and natural gas wells. Its offerings support well construction, well integrity, completion, production, intervention and decommissioning activities for exploration and production companies.

The company's services include well testing and flowback, subsea well access, well intervention, production optimization, tubular running and well-construction services. Expro also provides equipment and technologies designed to help operators manage well pressure, evaluate reservoir performance, maintain well integrity and improve the safety and efficiency of field operations.

Expro serves customers in offshore and onshore energy markets across multiple regions, including North America, Latin America, Europe, the Middle East and Africa, and Asia-Pacific.

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