Expro Group (NYSE:XPRO) Reaches New 52-Week High – Here’s What Happened

Shares of Expro Group Holdings N.V. (NYSE:XPRO) hit a new 52-week high on Wednesday . The company traded as high as $19.14 and last traded at $19.01, with a volume of 281078 shares. The stock had previously closed at $18.37.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Barclays dropped their target price 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. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.00.

Expro Group Price Performance

The stock has a market capitalization of $2.11 billion, a P/E ratio of 104.36 and a beta of 0.90. The business has a fifty day simple moving average of $15.72 and a 200 day simple moving average of $16.31. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06.

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 analysts’ consensus estimates of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The firm had revenue of $393.18 million for the quarter, compared to analysts’ expectations of $387.36 million. During the same period in the prior year, the firm earned $0.30 earnings per share. Expro Group’s revenue was down 7.0% compared to the same quarter last year. On average, analysts expect that Expro Group Holdings N.V. will post 0.53 earnings per share for the current year.

Insider Activity at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the completion of the sale, the director directly owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. KBC Group NV bought a new stake in shares of Expro Group during the 1st quarter worth $45,000. Global Retirement Partners LLC bought a new position in Expro Group during the fourth quarter valued at about $51,000. Quadrant Capital Group LLC grew its position in 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 period. Royal Bank of Canada increased its holdings in 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 buying an additional 1,222 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Expro Group during the fourth quarter worth about $69,000. Institutional investors own 92.07% of the company’s stock.

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.