Insider Buying: Expro Group Holdings (NYSE:XPRO) Director Acquires 18,000 Shares of Stock

Expro Group Holdings (NYSE:XPRO) Director Robert Wayne Drummond, Jr. bought 18,000 shares of Expro Group stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $11.39 per share, with a total value of $205,020.00. Following the completion of the purchase, the director now owns 69,181 shares in the company, valued at $787,971.59. This trade represents a 35.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Expro Group Stock Performance

Shares of XPRO opened at $11.54 on Thursday. Expro Group Holdings has a 52 week low of $10.71 and a 52 week high of $24.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. The stock has a 50 day moving average price of $13.80 and a two-hundred day moving average price of $18.11. The firm has a market capitalization of $1.36 billion, a P/E ratio of 82.43, a P/E/G ratio of 1.43 and a beta of 1.00.

Expro Group (NYSE:XPRO) last posted its earnings results on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $436.62 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The business’s revenue was up 14.3% compared to the same quarter last year. Equities analysts forecast that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Expro Group

Several institutional investors have recently modified their holdings of XPRO. Point72 Hong Kong Ltd bought a new stake in Expro Group during the third quarter worth $171,000. nVerses Capital LLC bought a new stake in shares of Expro Group during the 2nd quarter worth $183,000. MQS Management LLC purchased a new position in shares of Expro Group in the 3rd quarter worth about $205,000. Transatlantique Private Wealth LLC bought a new position in Expro Group during the second quarter valued at about $214,000. Finally, Algert Global LLC purchased a new stake in Expro Group during the second quarter worth about $217,000. 92.07% of the stock is owned by institutional investors.

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.