Expro Group (NYSE:XPRO) Trading Up 4.6% – Here’s Why

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on XPRO shares. Barclays decreased their price target on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. The Goldman Sachs Group initiated coverage on Expro Group in a research note on Friday, December 13th. They issued a “neutral” rating and a $18.00 target price on the stock.

Expro Group Trading Up 3.4 %

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 stock has a market capitalization of $1.47 billion, a P/E ratio of 89.08, a P/E/G ratio of 1.43 and a beta of 1.00. The firm’s 50 day moving average price is $12.83 and its 200 day moving average price is $17.49.

Expro Group (NYSE:XPRO) last issued 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 business had revenue of $422.83 million for the quarter, compared to the consensus estimate of $436.62 million. During the same period in the previous year, the firm earned ($0.11) EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts expect that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Expro Group

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

Institutional Investors Weigh In On Expro Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Expro Group by 11.8% in 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 during the period. Rhumbline Advisers boosted its holdings in Expro Group by 13.1% in the 2nd quarter. Rhumbline Advisers now owns 157,421 shares of the company’s stock worth $3,608,000 after buying an additional 18,236 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new stake in Expro Group in the 2nd quarter worth $10,288,000. Emerald Advisers LLC purchased a new position in shares of Expro Group in the second quarter valued at about $13,421,000. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Expro Group in the second quarter worth about $1,966,000. Hedge funds and other 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.