Expro Group (NYSE:XPRO) Trading 4.2% Higher

Expro Group Holdings (NYSE:XPROGet Free Report)’s stock price shot up 4.2% during trading on Tuesday . The stock traded as high as $22.12 and last traded at $22.04. 115,224 shares traded hands during trading, a decline of 87% from the average session volume of 882,502 shares. The stock had previously closed at $21.15.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XPRO shares. Piper Sandler raised their target price on shares of Expro Group from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Barclays raised Expro Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $27.00 in a research report on Tuesday, May 14th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 target price (up from $22.00) on shares of Expro Group in a report on Monday, June 3rd.

Get Our Latest Analysis on Expro Group

Expro Group Price Performance

The firm’s fifty day simple moving average is $20.54 and its 200-day simple moving average is $18.66. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.04.

Expro Group (NYSE:XPROGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $383.49 million during the quarter, compared to analysts’ expectations of $369.87 million. Expro Group had a positive return on equity of 0.76% and a negative net margin of 1.26%. As a group, research analysts predict that Expro Group Holdings will post 0.81 EPS for the current year.

Insider Buying and Selling

In other Expro Group news, CFO Quinn P. Fanning sold 17,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $21.06, for a total transaction of $368,550.00. Following the completion of the sale, the chief financial officer now owns 92,889 shares of the company’s stock, valued at $1,956,242.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Expro Group news, CFO Quinn P. Fanning sold 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $21.06, for a total transaction of $368,550.00. Following the sale, the chief financial officer now owns 92,889 shares in the company, valued at approximately $1,956,242.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $22.25, for a total transaction of $60,117,720.00. Following the completion of the transaction, the insider now owns 11,873,971 shares of the company’s stock, valued at $264,195,854.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,722,240 shares of company stock worth $60,545,857. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Expro Group

Several large investors have recently made changes to their positions in XPRO. GAMMA Investing LLC raised its stake in Expro Group by 58.0% during the 1st quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock valued at $29,000 after purchasing an additional 533 shares during the period. SG Americas Securities LLC bought a new stake in shares of Expro Group during the first quarter valued at approximately $141,000. Seven Eight Capital LP purchased a new position in shares of Expro Group in the third quarter worth $223,000. Capricorn Fund Managers Ltd bought a new position in shares of Expro Group during the fourth quarter worth $159,000. Finally, Paloma Partners Management Co bought a new position in shares of Expro Group during the first quarter worth $239,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Expro Group Company Profile

(Get Free Report)

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.

Further Reading

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