Expro Group Holdings N.V. (NYSE:XPRO) Short Interest Update

Expro Group Holdings N.V. (NYSE:XPRO) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 6,148,120 shares, a decline of 18.1% from the December 15th total of 7,504,572 shares. Based on an average trading volume of 1,433,056 shares, the short-interest ratio is presently 4.3 days. Currently, 5.5% of the shares of the company are sold short. Currently, 5.5% of the shares of the company are sold short. Based on an average trading volume of 1,433,056 shares, the short-interest ratio is presently 4.3 days.

Expro Group Stock Performance

XPRO stock traded up $0.01 during midday trading on Monday, hitting $16.25. 756,883 shares of the stock traded hands, compared to its average volume of 1,114,791. Expro Group has a 1-year low of $6.70 and a 1-year high of $16.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.11 and a quick ratio of 1.74. The stock’s fifty day simple moving average is $14.02 and its 200-day simple moving average is $12.43. The firm has a market cap of $1.85 billion, a P/E ratio of 27.54 and a beta of 1.00.

Expro Group (NYSE:XPRO) last posted its earnings results on Thursday, October 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. Expro Group had a net margin of 4.15% and a return on equity of 6.41%. The business had revenue of $411.36 million for the quarter, compared to analyst estimates of $426.65 million. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts expect that Expro Group will post 0.68 earnings per share for the current year.

Institutional Trading of Expro Group

Several institutional investors have recently bought and sold shares of the business. Boston Partners increased its position in shares of Expro Group by 73.8% during the second quarter. Boston Partners now owns 1,342,405 shares of the company’s stock worth $11,536,000 after purchasing an additional 569,977 shares in the last quarter. American Century Companies Inc. boosted its stake in Expro Group by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock worth $47,879,000 after purchasing an additional 507,805 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Expro Group by 113.7% during the second quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company’s stock worth $8,069,000 after buying an additional 499,826 shares in the last quarter. Oberweis Asset Management Inc. acquired a new stake in shares of Expro Group in the third quarter valued at about $5,174,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Expro Group in the third quarter valued at about $4,823,000. 92.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on XPRO. Barclays raised their target price on shares of Expro Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Piper Sandler downgraded Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target on the stock. in a research report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their target price on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.00.

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.