Expro Group Holdings (NYSE:XPRO) Short Interest Update

Expro Group Holdings (NYSE:XPRO) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 5,310,000 shares, a drop of 18.2% from the March 15th total of 6,490,000 shares. Based on an average trading volume of 920,500 shares, the short-interest ratio is currently 5.8 days. Approximately 5.0% of the company’s shares are short sold.

Institutional Trading of Expro Group

Several institutional investors and hedge funds have recently modified their holdings of XPRO. GAMMA Investing LLC raised its stake in Expro Group by 58.0% in the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock worth $29,000 after buying an additional 533 shares in the last quarter. US Bancorp DE raised its stake in Expro Group by 166.0% in the second quarter. US Bancorp DE now owns 2,181 shares of the company’s stock worth $39,000 after buying an additional 1,361 shares in the last quarter. Ensign Peak Advisors Inc bought a new position in Expro Group in the third quarter worth approximately $43,000. Allspring Global Investments Holdings LLC raised its stake in Expro Group by 612.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,952 shares of the company’s stock worth $45,000 after buying an additional 1,678 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Expro Group by 50.4% in the fourth quarter. Legal & General Group Plc now owns 2,860 shares of the company’s stock worth $46,000 after buying an additional 959 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price target on Expro Group from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th.

Expro Group Trading Down 5.1 %

XPRO opened at $19.56 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.16 billion, a P/E ratio of -88.91 and a beta of 0.91. Expro Group has a 12 month low of $14.33 and a 12 month high of $25.04. The stock has a 50-day moving average of $18.85 and a 200 day moving average of $17.82.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). Expro Group had a negative return on equity of 0.09% and a negative net margin of 1.54%. The firm had revenue of $406.75 million during the quarter, compared to the consensus estimate of $382.91 million. During the same period in the previous year, the business earned $0.12 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, research analysts forecast that Expro Group will post 0.79 EPS for the current year.

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 solutions.