Expro Group (NYSE:XPRO) Trading Up 4.6% – What’s Next?

Expro Group Holdings (NYSE:XPRO)’s share price traded up 4.6% on Tuesday . The company traded as high as $12.65 and last traded at $12.62. 623,660 shares traded hands during trading, a decline of 43% from the average session volume of 1,100,298 shares. The stock had previously closed at $12.06.

Analyst Ratings Changes

XPRO has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on Expro Group in a research note on Friday, December 13th. They issued a “neutral” rating and a $18.00 price objective on the stock. Barclays reduced their price target on Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th.

Expro Group Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 90.15, a PEG ratio of 1.43 and a beta of 1.00. The stock has a 50-day moving average price of $12.96 and a 200 day moving average price of $17.58.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $422.83 million during the quarter, compared to the consensus estimate of $436.62 million. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) earnings per share. As a group, equities research analysts forecast that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

Insider Transactions at Expro Group

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

Institutional Investors Weigh In On Expro Group

Several hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Expro Group during the third quarter worth $171,000. nVerses Capital LLC purchased a new position in Expro Group during the second quarter worth about $183,000. MQS Management LLC acquired a new stake in Expro Group in the 3rd quarter worth about $205,000. Transatlantique Private Wealth LLC purchased a new stake in Expro Group in the 2nd quarter valued at about $214,000. Finally, Algert Global LLC acquired a new position in shares of Expro Group during the 2nd quarter valued at about $217,000. 92.07% of the stock is owned by institutional investors and hedge funds.

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.