Expro Group (NYSE:XPRO) Reaches New 1-Year High – Still a Buy?

Expro Group Holdings N.V. (NYSE:XPRO) shares reached a new 52-week high during trading on Friday . The stock traded as high as $16.78 and last traded at $16.4410, with a volume of 72527 shares traded. The stock had previously closed at $16.09.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on XPRO shares. Piper Sandler lowered Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price objective for the company. in a research note on Thursday, December 18th. Barclays increased 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. The Goldman Sachs Group lifted their price objective on shares of Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Expro Group Price Performance

The firm has a market capitalization of $1.81 billion, a P/E ratio of 27.01 and a beta of 1.00. The stock’s 50 day simple moving average is $14.24 and its 200 day simple moving average is $12.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 2.11.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Expro Group had a return on equity of 6.41% and a net margin of 4.15%.The firm had revenue of $411.36 million during the quarter, compared to analyst estimates of $426.65 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. Expro Group’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, analysts expect that Expro Group Holdings N.V. will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expro Group

Institutional investors have recently added to or reduced their stakes in the stock. Boston Partners raised its stake in Expro Group by 73.8% in the second quarter. Boston Partners now owns 1,342,405 shares of the company’s stock valued at $11,536,000 after buying an additional 569,977 shares during the last quarter. American Century Companies Inc. lifted 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 valued at $47,879,000 after acquiring an additional 507,805 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Expro Group by 113.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company’s stock valued at $8,069,000 after acquiring an additional 499,826 shares during the last quarter. Oberweis Asset Management Inc. acquired a new stake in shares of Expro Group in the third quarter worth $5,174,000. Finally, Pacer Advisors Inc. purchased a new position in shares of Expro Group during the third quarter worth $4,823,000. 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.