Expro Group (NYSE:XPRO) Sets New 1-Year Low – Here’s Why

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

Wall Street Analyst Weigh In

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

Expro Group Price Performance

The company has a market cap of $1.50 billion, a price-to-earnings ratio of 96.07, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. The stock has a 50 day simple moving average of $17.39 and a two-hundred day simple moving average of $19.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.90 and a quick ratio of 1.56.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $422.83 million during the quarter, compared to analyst estimates of $436.62 million. Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. Expro Group’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. On average, equities research analysts predict that Expro Group Holdings will post 0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in shares of Expro Group by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 5,594,611 shares of the company’s stock valued at $128,229,000 after purchasing an additional 320,112 shares during the last quarter. Earnest Partners LLC lifted its position in Expro Group by 3.0% in the second quarter. Earnest Partners LLC now owns 4,752,815 shares of the company’s stock valued at $108,935,000 after buying an additional 140,617 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Expro Group by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company’s stock worth $76,435,000 after buying an additional 219,432 shares during the period. Vanguard Group Inc. increased its position in shares of Expro Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company’s stock valued at $46,975,000 after acquiring an additional 38,053 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Expro Group by 12.5% in the 1st quarter. William Blair Investment Management LLC now owns 2,122,987 shares of the company’s stock worth $42,396,000 after acquiring an additional 236,098 shares during the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

About Expro Group

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.