Expro Group (NYSE:XPRO) Shares Gap Up – What’s Next?

Expro Group Holdings N.V. (NYSE:XPRO) shares gapped up before the market opened on Monday . The stock had previously closed at $13.64, but opened at $14.56. Expro Group shares last traded at $14.7850, with a volume of 126,713 shares changing hands.

Analyst Ratings Changes

Several research firms have issued reports on XPRO. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, October 8th. Barclays lifted their price target on shares of Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Piper Sandler lowered shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a research report on Thursday, December 18th. Finally, The Goldman Sachs Group increased their target price on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Expro Group Stock Up 6.4%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 2.11. The stock has a market capitalization of $1.65 billion, a PE ratio of 24.60 and a beta of 1.00. The business has a 50 day moving average of $13.76 and a two-hundred day moving average of $12.00.

Expro Group (NYSE:XPRO) last released its earnings results on Thursday, October 23rd. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Expro Group had a net margin of 4.15% and a return on equity of 6.41%. The company had revenue of $411.36 million during the quarter, compared to analysts’ expectations of $426.65 million. During the same period last year, the business earned $0.23 EPS. Expro Group’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts predict that Expro Group Holdings N.V. will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Expro Group

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Expro Group by 54.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after buying an additional 871 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Expro Group by 2,394.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock valued at $26,000 after acquiring an additional 2,897 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Expro Group in the 3rd quarter valued at $47,000. US Bancorp DE boosted its position in Expro Group by 8.6% in the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after buying an additional 799 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Expro Group by 773.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,285 shares of the company’s stock worth $122,000 after purchasing an additional 9,107 shares during the period. 92.07% of the stock is currently owned by institutional investors and hedge funds.

About Expro Group

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.