Expro Group (NYSE:XPRO) Reaches New 12-Month Low – What’s Next?

Expro Group Holdings (NYSE:XPRO) shares reached a new 52-week low on Thursday . The company traded as low as $12.81 and last traded at $12.83, with a volume of 680433 shares traded. The stock had previously closed at $13.46.

Wall Street Analyst Weigh In

Separately, Barclays cut their price target on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, October 28th.

Expro Group Trading Up 0.2 %

The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $17.09 and a 200-day moving average of $19.83. The stock has a market cap of $1.50 billion, a PE ratio of 91.22, a price-to-earnings-growth ratio of 1.60 and a beta of 0.96.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) earnings per share. On average, analysts anticipate that Expro Group Holdings will post 0.7 EPS for the current year.

Institutional Investors Weigh In On Expro Group

Several hedge funds have recently made changes to their positions in XPRO. Oppenheimer Asset Management Inc. purchased a new stake in Expro Group in the 1st quarter valued at about $1,356,000. BOKF NA purchased a new stake in Expro Group in the first quarter valued at approximately $2,943,000. Jennison Associates LLC increased its position in Expro Group by 129.3% during the first quarter. Jennison Associates LLC now owns 822,249 shares of the company’s stock worth $16,420,000 after purchasing an additional 463,584 shares during the last quarter. Boston Partners raised its stake in Expro Group by 24.1% during the first quarter. Boston Partners now owns 2,084,838 shares of the company’s stock worth $41,688,000 after purchasing an additional 404,392 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Expro Group by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company’s stock valued at $76,435,000 after purchasing an additional 219,432 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

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.