Expro Group (NYSE:XPRO) Sees Strong Trading Volume – Still a Buy?

Expro Group Holdings (NYSE:XPRO) shares saw strong trading volume on Wednesday . 2,141,106 shares changed hands during mid-day trading, an increase of 100% from the previous session’s volume of 1,070,263 shares.The stock last traded at $14.08 and had previously closed at $13.78.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price objective on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, October 28th.

Expro Group Price Performance

The company has a market cap of $1.66 billion, a price-to-earnings ratio of 101.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. 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 company has a fifty day moving average price of $15.22 and a two-hundred day moving average price of $19.07.

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

Institutional Investors Weigh In On Expro Group

Several large investors have recently modified their holdings of the stock. Westfield Capital Management Co. LP bought a new position in shares of Expro Group during the 3rd quarter worth approximately $26,481,000. Clearbridge Investments LLC acquired a new stake in shares of Expro Group in the 2nd quarter valued at $28,156,000. Loomis Sayles & Co. L P acquired a new stake in shares of Expro Group in the 3rd quarter valued at $16,159,000. Emerald Advisers LLC bought a new stake in shares of Expro Group in the 2nd quarter worth about $13,421,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Expro Group during the 2nd quarter worth about $10,288,000. 92.07% of the stock is currently owned by institutional investors.

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.