Expro Group (NYSE:XPRO) Shares Climb 4.6% – Still a Buy?

Shares of Expro Group Holdings N.V. (NYSE:XPRO) rose 4.6% during trading on Thursday. The stock traded as high as $16.25 and last traded at $16.2610. 262,602 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,074,306 shares. The stock had previously closed at $15.55.

Analyst Ratings Changes

XPRO has been the subject of a number of research analyst reports. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Wall Street Zen raised Expro Group to a “hold” rating in a research note on Saturday, September 19th. Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Finally, Barclays reduced their price objective on Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.00.

Expro Group Trading Up 4.7%

The company has a market cap of $1.83 billion, a PE ratio of 90.19 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76. The company has a 50-day moving average of $17.25 and a 200 day moving average of $16.43.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $393.18 million during the quarter, compared to the consensus estimate of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. Expro Group’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. Analysts predict that Expro Group Holdings N.V. will post 0.53 earnings per share for the current year.

Institutional Investors Weigh In On Expro Group

Several institutional investors have recently made changes to their positions in XPRO. KBC Group NV bought a new position in Expro Group during the 1st quarter valued at about $45,000. Royal Bank of Canada lifted its stake in Expro Group by 43.8% in 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 last quarter. Global Retirement Partners LLC purchased a new position in shares of Expro Group during the second quarter valued at approximately $62,000. Quantbot Technologies LP bought a new position in shares of Expro Group during the second quarter valued at approximately $98,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Expro Group during the second quarter valued at approximately $154,000. Institutional investors own 92.07% of the company’s stock.

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.