Expro Group (NYSE:XPRO) Trading Down 7.5% – Here’s What Happened

Expro Group Holdings N.V. (NYSE:XPRO)’s stock price fell 7.5% on Tuesday . The company traded as low as $12.67 and last traded at $12.7430. 246,104 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,198,199 shares. The stock had previously closed at $13.78.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler downgraded shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, October 8th. Barclays boosted their price objective on Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, The Goldman Sachs Group raised their target price on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.00.

Expro Group Price Performance

The company has a current ratio of 2.11, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $13.62 and a 200 day moving average price of $11.63. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 21.21 and a beta of 1.04.

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

Hedge Funds Weigh In On Expro Group

A number of large investors have recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in shares of Expro Group in the first quarter valued at about $8,231,000. Geode Capital Management LLC grew its stake in Expro Group by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,451,214 shares of the company’s stock valued at $21,058,000 after acquiring an additional 93,014 shares in the last quarter. Boston Partners raised its holdings in Expro Group by 73.8% in the 2nd quarter. Boston Partners now owns 1,342,405 shares of the company’s stock valued at $11,536,000 after acquiring an additional 569,977 shares during the last quarter. Deutsche Bank AG lifted its stake in Expro Group by 68.8% in the 1st quarter. Deutsche Bank AG now owns 155,663 shares of the company’s stock worth $1,547,000 after purchasing an additional 63,445 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Expro Group by 20.4% during the 1st quarter. American Century Companies Inc. now owns 5,065,985 shares of the company’s stock worth $50,356,000 after purchasing an additional 859,000 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Company Profile

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.