Expro Group (NYSE:XPRO) Shares Gap Up After Insider Buying Activity

Expro Group Holdings (NYSE:XPRO)’s share price gapped up before the market opened on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $11.09, but opened at $12.40. Expro Group shares last traded at $12.29, with a volume of 606,936 shares changing hands.

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

Wall Street Analysts Forecast Growth

XPRO has been the subject of several analyst reports. The Goldman Sachs Group began coverage on shares of Expro Group in a report on Friday, December 13th. They set a “neutral” rating and a $18.00 price target for the company. Barclays dropped their price objective on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, October 28th.

Expro Group Stock Up 0.5 %

The company has a market cap of $1.36 billion, a P/E ratio of 82.86, a PEG ratio of 1.43 and a beta of 1.00. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $13.69 and a 200 day moving average price of $18.07.

Expro Group (NYSE:XPRO) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.23 EPS for the quarter, topping 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 firm had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company’s revenue was up 14.3% on a year-over-year basis. Equities research analysts forecast that Expro Group Holdings will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XPRO. Geode Capital Management LLC raised its stake in shares of Expro Group by 9.4% during the third quarter. Geode Capital Management LLC now owns 2,326,582 shares of the company’s stock worth $39,956,000 after buying an additional 199,554 shares during the last quarter. Barclays PLC grew its holdings in Expro Group by 40.1% during the 3rd quarter. Barclays PLC now owns 473,492 shares of the company’s stock worth $8,129,000 after acquiring an additional 135,481 shares during the period. Yaupon Capital Management LP raised its position in shares of Expro Group by 318.3% during the 3rd quarter. Yaupon Capital Management LP now owns 288,301 shares of the company’s stock valued at $4,950,000 after acquiring an additional 219,380 shares during the last quarter. State Street Corp lifted its stake in shares of Expro Group by 7.6% in the 3rd quarter. State Street Corp now owns 2,692,260 shares of the company’s stock valued at $46,226,000 after purchasing an additional 189,085 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Expro Group in the 3rd quarter worth $3,213,000. Institutional investors 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.