With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.72 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $18.31 whereas the lowest price it dropped to was $17.62. The 52-week range on XPRO shows that it touched its highest point at $19.68 and its lowest point at $8.82 during that stretch. It currently has a 1-year price target of $19.00. Beta for the stock currently stands at 1.28.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of XPRO was down-trending over the past week, with a drop of -6.47%, but this was down by -0.73% over a month. Three-month performance surged to 34.21% while six-month performance rose 27.75%. The stock gained 6.60% in the past year, while it has gained 23.83% so far this year. A look at the trailing 12-month EPS for XPRO yields -1.30 with Next year EPS estimates of 0.79. For the next quarter, that number is 0.25. This implies an EPS growth rate of 60.50% for this year and 172.41% for next year.
Float and Shares Shorts:
At present, 108.71 million XPRO shares are outstanding with a float of 100.40 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.58 million, which was 4.21% higher than short shares on Sep 14, 2022. In addition to Mr. Michael Jardon as the firm’s Pres, CEO & Exec. Director, Mr. Quinn P. Fanning serves as its Chief Financial Officer.
Through their ownership of 80.37% of XPRO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.54% of XPRO, in contrast to 49.04% held by mutual funds. Shares owned by individuals account for 33.37%. As the largest shareholder in XPRO with 26.96% of the stake, Oak Hill Advisors LP holds 29,311,090 shares worth 29,311,090. A second-largest stockholder of XPRO, T. Rowe Price Associates, Inc., holds 11,872,889 shares, controlling over 10.92% of the firm’s shares. Alcentra Ltd. is the third largest shareholder in XPRO, holding 4,949,631 shares or 4.55% stake. With a 6.66% stake in XPRO, the T Rowe Price Mid Cap Value Fund is the largest stakeholder. A total of 7,243,216 shares are owned by the mutual fund manager. The VanEck Oil Services ETF, which owns about 3.05% of XPRO stock, is the second-largest Mutual Fund holder. It holds 3,310,341 shares valued at 62.66 million. Fidelity Strategic Advisers US To holds 2.77% of the stake in XPRO, owning 3,015,600 shares worth 57.09 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XPRO since 5 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With XPRO analysts setting a high price target of $22.00 and a low target of $16.00, the average target price over the next 12 months is $19.00. Based on these targets, XPRO could surge 23.8% to reach the target high and fall by -9.96% to reach the target low. Reaching the average price target will result in a growth of 6.92% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. XPRO will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of $0.33 being high and $0.05 being low. For XPRO, this leads to a yearly average estimate of $0.22. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Expro Group Holdings N.V. surprised analysts by -$0.31 when it reported -$0.16 EPS against a consensus estimate of $0.15. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.32 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.22.
Summary of Insider Activity:
Insiders traded XPRO stock several times over the past three months with 0 Buys and 9 Sells. In these transactions, 0 shares were bought while 72,778 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 491,008 while 271,328 shares were sold.