Expro Group (NYSE:XPRO) Trading 4.7% Higher – Here’s Why

Shares of Expro Group Holdings N.V. (NYSE:XPRO) shot up 4.7% during trading on Monday . The company traded as high as $18.41 and last traded at $18.4450. 25,370 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 1,109,855 shares. The stock had previously closed at $17.61.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings raised shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research report on Thursday, June 4th. Barclays cut their target price on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, KeyCorp raised Expro Group to a “neutral” rating in a report on Thursday, June 4th. One investment 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Expro Group Stock Up 2.7%

The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 100.44 and a beta of 0.90. 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 firm’s fifty day moving average price is $16.16 and its 200-day moving average price is $16.41.

Expro Group (NYSE:XPRO) last released its quarterly earnings data 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 firm had revenue of $393.18 million for the quarter, compared to analyst estimates of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Sell-side analysts expect that Expro Group Holdings N.V. will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Expro Group

In other news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following 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 document filed with the SEC, which can be accessed through the SEC website. 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 large investors have recently added to or reduced their stakes in the business. KBC Group NV bought a new stake in Expro Group during the 1st quarter worth approximately $45,000. Global Retirement Partners LLC bought a new position in shares of Expro Group during the fourth quarter valued at $51,000. Quadrant Capital Group LLC lifted 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 worth $53,000 after purchasing an additional 3,813 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Expro Group during the fourth quarter worth $69,000. Finally, Royal Bank of Canada grew its stake in shares of 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. 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.