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

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

Wall Street Analyst Weigh In

XPRO has been the topic of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Expro Group in a research note on Friday, December 13th. They issued a “neutral” rating and a $18.00 price target on the stock. Barclays cut their price objective on shares of 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 Stock Performance

The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 83.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. The stock has a 50-day moving average of $13.24 and a 200-day moving average of $17.81. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98.

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

Insider Transactions at Expro Group

In other news, CEO Michael Jardon purchased 45,200 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $10.91 per share, for a total transaction of $493,132.00. Following the completion of the purchase, the chief executive officer now directly owns 336,674 shares in the company, valued at $3,673,113.34. The trade was a 15.51 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Wayne Drummond, Jr. acquired 18,000 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the purchase, the director now directly owns 69,181 shares in the company, valued at $787,971.59. The trade was a 35.17 % 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 bought and sold shares of XPRO. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Expro Group by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company’s stock valued at $575,000 after buying an additional 2,649 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Expro Group by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,317 shares of the company’s stock worth $1,107,000 after acquiring an additional 4,114 shares during the last quarter. SG Americas Securities LLC raised its stake in Expro Group by 24.4% in the 3rd quarter. SG Americas Securities LLC now owns 22,442 shares of the company’s stock valued at $385,000 after acquiring an additional 4,399 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Expro Group by 11.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 75,748 shares of the company’s stock valued at $1,736,000 after purchasing an additional 7,867 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Expro Group during the second quarter worth $183,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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.