Expro Group (NYSE:XPRO) Trading 9% Higher – Here’s What Happened

Expro Group Holdings N.V. (NYSE:XPRO) shares shot up 9% on Monday . The stock traded as high as $16.78 and last traded at $16.7650. 329,100 shares traded hands during trading, a decline of 70% from the average session volume of 1,111,831 shares. The stock had previously closed at $15.38.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XPRO. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Piper Sandler raised their target price on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research note on Thursday. KeyCorp raised shares of Expro Group to a “neutral” rating in a research note on Thursday. Finally, Barclays raised their target price on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.33.

Expro Group Stock Up 10.3%

The company’s fifty day moving average price is $16.46 and its 200-day moving average price is $15.79. The stock has a market cap of $1.92 billion, a P/E ratio of 53.04 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13.

Insider Activity

In other news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the completion of the sale, the director owned 47,648 shares in the company, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Expro Group

Several institutional investors have recently made changes to their positions in XPRO. Jennison Associates LLC bought a new stake in Expro Group during the 4th quarter valued at about $58,165,000. Price T Rowe Associates Inc. MD lifted its holdings in Expro Group by 20.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock valued at $147,264,000 after buying an additional 1,878,245 shares in the last quarter. Bridgeway Capital Management LLC bought a new stake in Expro Group during the 4th quarter valued at about $12,263,000. Dimensional Fund Advisors LP lifted its holdings in Expro Group by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock valued at $103,023,000 after buying an additional 533,741 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Expro Group by 70.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,251,514 shares of the company’s stock valued at $16,708,000 after buying an additional 518,210 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

About Expro Group

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.