Expro Group (NYSE:XPRO) Hits New 1-Year Low – Here’s What Happened

Shares of Expro Group Holdings (NYSE:XPRO) reached a new 52-week low during trading on Thursday . The stock traded as low as $11.56 and last traded at $11.57, with a volume of 91418 shares trading hands. The stock had previously closed at $11.97.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays dropped their price objective on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. The Goldman Sachs Group started coverage on Expro Group in a research report on Friday. They issued a “neutral” rating and a $18.00 price target for the company.

Expro Group Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The business has a 50-day moving average of $14.15 and a 200-day moving average of $18.36. The company has a market capitalization of $1.31 billion, a P/E ratio of 79.43, a P/E/G ratio of 1.43 and a beta of 1.00.

Expro Group (NYSE:XPRO) last released its earnings results on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 0.98% and a return on equity of 3.70%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) EPS. On average, sell-side analysts anticipate that Expro Group Holdings will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Expro Group

Several hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new stake in shares of Expro Group in the third quarter valued at approximately $171,000. nVerses Capital LLC purchased a new stake in shares of Expro Group in the 2nd quarter worth $183,000. MQS Management LLC bought a new position in shares of Expro Group during the 3rd quarter worth $205,000. Transatlantique Private Wealth LLC purchased a new position in shares of Expro Group during the second quarter valued at $214,000. Finally, Algert Global LLC bought a new stake in shares of Expro Group in the second quarter valued at about $217,000. Institutional investors own 92.07% of the company’s stock.

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.