Expro Group (NYSE:XPRO) Reaches New 52-Week High – What’s Next?

Expro Group Holdings N.V. (NYSE:XPRO) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $16.99 and last traded at $16.8440, with a volume of 743167 shares. The stock had previously closed at $16.31.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler cut Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, January 21st. Barclays increased their target price on shares of Expro Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, The Goldman Sachs Group raised their target price on shares of Expro Group from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Three equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.00.

Expro Group Stock Up 3.3%

The company’s fifty day simple moving average is $14.83 and its 200-day simple moving average is $13.32. The firm has a market capitalization of $1.91 billion, a PE ratio of 28.55 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.11 and a quick ratio of 1.74.

Hedge Funds Weigh In On Expro Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Expro Group by 3.9% during the second quarter. Geode Capital Management LLC now owns 2,451,214 shares of the company’s stock worth $21,058,000 after purchasing an additional 93,014 shares during the period. Boston Partners boosted its stake in shares of 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 purchasing an additional 569,977 shares during the period. LSV Asset Management acquired a new position in shares of Expro Group in the second quarter valued at approximately $324,000. CWM LLC increased its stake in Expro Group by 603.7% during the 2nd quarter. CWM LLC now owns 25,729 shares of the company’s stock worth $221,000 after buying an additional 22,073 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in Expro Group in the 2nd quarter valued at approximately $854,000. Institutional investors and hedge funds 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.