Expro Group (NYSE:XPRO) Sees Large Volume Increase – Should You Buy?

Expro Group Holdings (NYSE:XPRO) saw unusually-strong trading volume on Wednesday . Approximately 2,141,106 shares were traded during 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.

Wall Street Analysts Forecast Growth

Separately, 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 report on Monday, October 28th.

Expro Group Stock Performance

The stock’s 50 day moving average price is $15.37 and its 200 day moving average price is $19.13. 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 firm has a market cap of $1.68 billion, a PE ratio of 101.65, a P/E/G ratio of 1.65 and a beta of 0.99.

Expro Group (NYSE:XPRO) last issued its quarterly earnings data 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. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business had revenue of $422.83 million during the quarter, compared to the consensus estimate of $436.62 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. As a group, equities analysts forecast that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Expro Group by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company’s stock valued at $76,435,000 after acquiring an additional 219,432 shares during the period. Boston Partners increased its holdings in shares of Expro Group by 24.1% during the first quarter. Boston Partners now owns 2,084,838 shares of the company’s stock valued at $41,688,000 after acquiring an additional 404,392 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Expro Group in the second quarter valued at approximately $9,811,000. Loomis Sayles & Co. L P bought a new stake in Expro Group in the 3rd quarter worth about $16,159,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Expro Group in the 2nd quarter worth about $10,288,000. 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.