Expro Group (NYSE:XPRO) Stock Price Down 3.9% – Here’s What Happened

Expro Group Holdings (NYSE:XPRO) shares dropped 3.9% during mid-day trading on Friday . The company traded as low as $16.40 and last traded at $16.42. Approximately 127,013 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,034,289 shares. The stock had previously closed at $17.08.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price target on Expro Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st.

Expro Group Stock Performance

The firm’s fifty day moving average price is $18.43 and its 200-day moving average price is $20.25. The company has a market cap of $1.80 billion, a P/E ratio of -94.89, a P/E/G ratio of 1.83 and a beta of 0.96. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $469.64 million for the quarter, compared to the consensus estimate of $419.20 million. Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. As a group, research analysts forecast that Expro Group Holdings will post 0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XPRO. GAMMA Investing LLC lifted its stake in Expro Group by 58.0% during the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock worth $29,000 after purchasing an additional 533 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Expro Group by 0.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 61,765 shares of the company’s stock worth $1,233,000 after buying an additional 550 shares during the period. ProShare Advisors LLC boosted its stake in Expro Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,099 shares of the company’s stock valued at $321,000 after buying an additional 1,267 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Expro Group by 1.9% in the first quarter. Essex Investment Management Co. LLC now owns 88,193 shares of the company’s stock valued at $1,761,000 after acquiring an additional 1,654 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Expro Group by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company’s stock valued at $575,000 after acquiring an additional 2,649 shares during the period. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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.