Expro Group (NYSE:XPRO) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

Expro Group Holdings N.V. (NYSE:XPRO)’s stock price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $17.04 and traded as high as $17.25. Expro Group shares last traded at $17.0620, with a volume of 452,310 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Expro Group to a “hold” rating in a research note on Saturday, September 19th. Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Barclays dropped their price objective on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Expro Group Stock Up 0.8%

The company has a market capitalization of $1.92 billion, a PE ratio of 94.79 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.05 and a quick ratio of 1.69. The company has a 50-day moving average of $17.04 and a two-hundred day moving average of $16.41.

Expro Group (NYSE:XPRO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $393.18 million for the quarter, compared to the consensus estimate of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.28%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. Sell-side analysts anticipate that Expro Group Holdings N.V. will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Expro Group by 43.8% during the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after acquiring an additional 1,222 shares during the period. KBC Group NV bought a new stake in Expro Group during the 1st quarter worth approximately $45,000. Keybank National Association OH raised its stake in Expro Group by 11.0% during the 1st quarter. Keybank National Association OH now owns 26,105 shares of the company’s stock worth $454,000 after acquiring an additional 2,596 shares during the period. Global Retirement Partners LLC bought a new stake in Expro Group during the 2nd quarter worth approximately $62,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Expro Group by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 299,484 shares of the company’s stock valued at $4,423,000 after purchasing an additional 4,877 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

Expro Group Company Profile

Expro Group, Inc provides energy services and technologies that support the exploration, development, and production of oil and natural gas wells. The company helps operators manage wells throughout their life cycles, from drilling and completion through production, intervention, and abandonment.

Its offerings include well construction and well management services, well flow management, subsea services, and well intervention and integrity solutions. These services are designed to improve operational efficiency, safety, well performance, and reservoir recovery in both offshore and onshore environments.

Headquartered in Houston, Texas, Expro serves energy companies across major oil and gas producing regions worldwide, including North America, the North Sea, the Middle East, Africa, Asia-Pacific, and Latin America.