Expro Group (NYSE:XPRO) Receives New Coverage from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Expro Group (NYSE:XPRO) in a research note released on Wednesday, Marketbeat.com reports. The brokerage issued an overweight rating and a $30.00 target price on the stock.

Several other equities research analysts also recently weighed in on the company. Piper Sandler increased their price objective on Expro Group from $30.00 to $32.00 and gave the company an overweight rating in a report on Monday, July 31st. Barclays increased their price objective on Expro Group from $22.00 to $23.00 and gave the company an equal weight rating in a report on Thursday, August 3rd.

Expro Group Stock Performance

Shares of XPRO opened at $22.88 on Wednesday. The stock has a 50 day moving average price of $22.46 and a 200 day moving average price of $19.92. The company has a quick ratio of 1.59, a current ratio of 1.95 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -1,144.00 and a beta of 1.09. Expro Group has a 52-week low of $11.40 and a 52-week high of $24.50.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The business had revenue of $396.92 million during the quarter, compared to analyst estimates of $370.91 million. Expro Group had a negative net margin of 0.12% and a positive return on equity of 1.02%. Research analysts predict that Expro Group will post 0.9 EPS for the current fiscal year.

Insider Transactions at Expro Group

In other news, Director Michael C. Kearney sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $23.14, for a total transaction of $578,500.00. Following the completion of the sale, the director now owns 76,368 shares in the company, valued at $1,767,155.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Expro Group news, Director Michael C. Kearney sold 5,735 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $24.44, for a total value of $140,163.40. Following the completion of the transaction, the director now owns 45,633 shares in the company, valued at $1,115,270.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael C. Kearney sold 25,000 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $23.14, for a total value of $578,500.00. Following the completion of the transaction, the director now owns 76,368 shares of the company’s stock, valued at approximately $1,767,155.52. The disclosure for this sale can be found here. Insiders sold 58,335 shares of company stock worth $1,331,397 over the last 90 days. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new position in Expro Group in the first quarter worth $308,000. Bank of New York Mellon Corp grew its holdings in Expro Group by 257.2% in the first quarter. Bank of New York Mellon Corp now owns 973,524 shares of the company’s stock valued at $17,874,000 after purchasing an additional 700,963 shares during the last quarter. Profund Advisors LLC grew its holdings in Expro Group by 16.0% in the first quarter. Profund Advisors LLC now owns 16,628 shares of the company’s stock valued at $305,000 after purchasing an additional 2,293 shares during the last quarter. SG Americas Securities LLC grew its holdings in Expro Group by 22.5% in the first quarter. SG Americas Securities LLC now owns 10,625 shares of the company’s stock valued at $195,000 after purchasing an additional 1,950 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Expro Group in the fourth quarter valued at $1,147,000. Hedge funds and other institutional investors own 83.29% of the company’s stock.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity services.