Expro Group (NYSE:XPRO) Stock Price Down 2.6% – Here’s What Happened

Expro Group Holdings (NYSE:XPRO) shares dropped 2.6% during trading on Tuesday . The company traded as low as $11.41 and last traded at $11.49. Approximately 82,353 shares traded hands during trading, a decline of 93% from the average daily volume of 1,105,710 shares. The stock had previously closed at $11.80.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XPRO. Barclays decreased their target price on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. The Goldman Sachs Group assumed coverage on Expro Group in a report on Friday, December 13th. They issued a “neutral” rating and a $18.00 price objective for the company.

Expro Group Stock Down 0.7 %

The firm has a market capitalization of $1.38 billion, a PE ratio of 83.72, a PEG ratio of 1.43 and a beta of 1.00. The business’s fifty day moving average price is $13.45 and its 200 day moving average price is $17.91. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.23 EPS for the quarter, beating 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 firm had revenue of $422.83 million during the quarter, compared to the consensus estimate of $436.62 million. During the same period in the prior year, the business earned ($0.11) EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts forecast that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Expro Group news, CEO Michael Jardon acquired 45,200 shares of the stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of $10.91 per share, with a total value of $493,132.00. Following the acquisition, the chief executive officer now owns 336,674 shares of the company’s stock, valued at $3,673,113.34. This trade represents a 15.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were acquired at an average price of $11.39 per share, for a total transaction of $205,020.00. Following the transaction, the director now directly owns 69,181 shares in the company, valued at $787,971.59. This trade represents a 35.17 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Expro Group

A number of hedge funds and other institutional investors have recently bought and sold shares of XPRO. Bank of New York Mellon Corp boosted its stake in shares of Expro Group by 5.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,524,545 shares of the company’s stock worth $34,943,000 after acquiring an additional 83,134 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Expro Group by 11.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company’s stock worth $575,000 after purchasing an additional 2,649 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Expro Group in the second quarter valued at $9,811,000. Spire Wealth Management increased its position in shares of Expro Group by 5,805.6% in the second quarter. Spire Wealth Management now owns 14,764 shares of the company’s stock valued at $338,000 after buying an additional 14,514 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Expro Group in the second quarter valued at $183,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

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.