Expro Group (NYSE:XPRO) Stock Price Down 3.2%

Expro Group Holdings (NYSE:XPRO)’s share price dropped 3.2% during trading on Friday . The stock traded as low as $22.87 and last traded at $23.07. Approximately 158,941 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 942,166 shares. The stock had previously closed at $23.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $23.00 price objective (up from $22.00) on shares of Expro Group in a research note on Monday, June 3rd. Finally, Barclays upgraded shares of Expro Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $27.00 in a report on Tuesday, May 14th.

Expro Group Stock Down 3.2 %

The company’s fifty day moving average price is $22.31 and its 200-day moving average price is $19.94. The stock has a market cap of $2.55 billion, a P/E ratio of -128.67 and a beta of 1.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.50 and a current ratio of 1.85.

Expro Group (NYSE:XPRO) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $383.49 million during the quarter, compared to the consensus estimate of $369.87 million. Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. Equities analysts forecast that Expro Group Holdings will post 0.84 EPS for the current year.

Insider Buying and Selling at Expro Group

In other news, CFO Quinn P. Fanning sold 17,500 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $21.06, for a total value of $368,550.00. Following the sale, the chief financial officer now directly owns 92,889 shares in the company, valued at approximately $1,956,242.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Quinn P. Fanning sold 17,500 shares of Expro Group stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $21.06, for a total transaction of $368,550.00. Following the completion of the transaction, the chief financial officer now owns 92,889 shares of the company’s stock, valued at approximately $1,956,242.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $22.25, for a total value of $60,117,720.00. Following the completion of the transaction, the insider now owns 11,873,971 shares of the company’s stock, valued at $264,195,854.75. The disclosure for this sale can be found here. Insiders sold a total of 2,737,240 shares of company stock worth $60,891,007 in the last three months. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expro Group

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in Expro Group by 58.0% in the 1st quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock worth $29,000 after purchasing an additional 533 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Expro Group in the first quarter worth about $141,000. Aristides Capital LLC bought a new stake in Expro Group in the 4th quarter valued at $236,000. Paloma Partners Management Co acquired a new position in shares of Expro Group in the first quarter valued at $239,000. Finally, Versor Investments LP bought a new position in shares of Expro Group during the fourth quarter valued at $315,000. Institutional investors and hedge funds 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.