Expro Group (NYSE:XPRO) Sets New 52-Week High – Time to Buy?

Expro Group Holdings N.V. (NYSE:XPRO) shares reached a new 52-week high on Thursday . The stock traded as high as $16.99 and last traded at $16.8440, with a volume of 743167 shares. The stock had previously closed at $16.31.

Analysts Set New Price Targets

Several equities analysts have recently commented on XPRO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Piper Sandler cut Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price objective on the stock. in a research note on Thursday, December 18th. The Goldman Sachs Group lifted their target price on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Barclays boosted their price target on Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Three equities 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 company has an average rating of “Hold” and a consensus target price of $14.00.

Expro Group Stock Up 0.7%

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 $14.89 and its 200-day simple moving average is $13.39. The stock has a market cap of $1.85 billion, a P/E ratio of 27.65 and a beta of 1.01.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its position in shares of Expro Group by 2,394.2% during the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after acquiring an additional 2,897 shares during the last quarter. GAMMA Investing LLC boosted its stake in Expro Group by 54.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after purchasing an additional 871 shares during the period. State of Alaska Department of Revenue bought a new position in Expro Group in the 3rd quarter worth about $47,000. Global Retirement Partners LLC acquired a new stake in shares of Expro Group in the fourth quarter valued at approximately $51,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Expro Group by 2,978.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after buying an additional 3,813 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors.

Expro Group Company Profile

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.