Expro Group (NYSE:XPRO) Reaches New 12-Month Low – Time to Sell?

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

Analysts Set New Price Targets

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

Expro Group Trading Down 2.5 %

The company has a 50 day moving average of $14.15 and a two-hundred day moving average of $18.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. The stock has a market capitalization of $1.31 billion, a PE 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 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $422.83 million during the quarter, compared to analysts’ expectations of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. Expro Group’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. Sell-side analysts predict that Expro Group Holdings will post 0.7 EPS for the current year.

Institutional Trading of Expro Group

Several large investors have recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP purchased a new stake in Expro Group in the third quarter valued at approximately $26,481,000. Clearbridge Investments LLC purchased 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 third quarter worth $16,159,000. Emerald Advisers LLC purchased a new position in shares of Expro Group during the second quarter worth $13,421,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Expro Group during the second quarter valued at $10,288,000. Hedge funds and other 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.