Expro Group Soared 30.5%—What Makes This Energy Innovator Unleash a Bullish Surge?

Summary
• Expro Group (XPRO) surged 30.5% intraday, trading at $11.745 amid record Q2 earnings and groundbreaking tech unveilings.
• The stock opened at $10.88 and hit a high of $11.98, with $4.5M in turnover signaling sharp institutional interest.
• New contracts in Guyana, Mexico, and offshore Angola, plus three 'first-of-their-kind' technologies, drove the rally.
• Options like XPRO20250815C12.5 exploded 160% as traders bet on continued momentum.
Expro’s Q2 results shattered guidance, with $423M in revenue and 22% EBITDA margins. The stock’s 30D/200D MA crossover and aggressive options activity suggest a pivotal inflection point in the oil services sector.

Q2 Earnings & Tech Breakthroughs Ignite Investor Frenzy
Expro’s 30.5% intraday surge was fueled by a record-breaking Q2 report and three industry-first technologies. The company exceeded revenue guidance by $13M, reported 22% EBITDA margins, and secured $595M in new orders. Its BRUTE® Armor Packer, RCIS automation, and remote cementing system created immediate competitive advantages. Analysts noted these innovations could drive margin expansion in offshore markets, while the Guyana and Mexico contracts alone add $180M in backlog. The rally coincided with the company’s reaffirmation of $350M+ EBITDA guidance and $40M annual shareholder returns.

Oil & Gas Equipment & Services Sector Mixed as Expro Outpaces Peers
The broader Oil & Gas Equipment & Services sector showed muted gains, with Schlumberger (SLB) down 0.72% and Baker Hughes (BKR) flat. Expro’s 30.5% move starkly contrasted with sector peers, reflecting its unique focus on high-margin offshore automation and technology-driven EBITDA expansion. While rivals like Halliburton (HAL) grapple with U.S. land market weakness, Expro’s diverse global footprint and $2.3B backlog insulated it from regional downturns. The stock’s performance underscores the sector’s shift toward innovation-led growth rather than cyclical demand.

Options Playbook: XPRO20250815C12.5 and XPRO20251017C12.5 Lead the Charge
• 200D MA: 11.198 (above) • RSI: 43.50 (neutral) • MACD: -0.0329 (bullish crossover) • Bollinger Bands: 8.09–9.696 (price at 11.75, outside range)
Expro’s technicals suggest a breakout from a 52-week range. The stock’s 30D MA at 8.934 and 200D MA at 11.198 form a golden cross, while RSI at 43.50 and MACD histogram turning positive signal momentum. Two options stand out for aggressive bulls:
• XPRO20250815C12.5: Call option with 360% leverage ratio, 0.44 delta, and 61.21% IV. Turnover of 6,263 and theta of -0.0125 suggest strong liquidity and short-term gamma sensitivity. Payoff at 5% upside (ST=12.33) would yield $0.80.
• XPRO20251017C12.5: Call option with 20.07% leverage, 0.43 delta, and 36.59% IV. Turnover of 12,681 and theta of -0.0074 imply lower time decay but higher gamma (0.1926). Payoff at 5% upside would yield $0.83.
Bulls should prioritize XPRO20250815C12.5 for immediate exposure to the 52-week high. A 5% move to $12.33 would trigger a 66% return on this contract, outpacing the 69% return on the October 17th option.

Backtest Expro Group Stock Performance
The backtest of XPRO's performance after a 30% intraday surge shows mixed results. While the 30-day win rate is high at 58.48%, the maximum return during the backtest period is only 3.44%, which suggests that while the currency pair has a tendency to move higher in the short term, its overall performance after such a large surge is somewhat muted.

Act Now: XPRO’s 52-Week High Is Within Reach as Sector Peers Lag
Expro’s 30.5% surge is underpinned by structural margin expansion from automation and offshore tech dominance. The stock’s 200D MA crossover and $12.5 strike call options (XPRO20250815C12.5) present a high-conviction trade for the 52-week high of $21.57. Immediate support is at 8.988 (30D MA) and resistance at 9.0148 (200D MA). Watch for a break above $12.5 to validate the $15.00 price target. Schlumberger’s 0.72% decline highlights the sector’s divergence, with Expro’s tech-led model outperforming traditional peers. Take action: Buy XPRO20250815C12.5 ahead of the August 15th expiry to capitalize on the 52-week high breakout.