Expro Group (NYSE:XPRO) Shares Down 2.6% – What’s Next?

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

Wall Street Analyst Weigh In

XPRO has been the subject of several research reports. The Goldman Sachs Group started coverage on shares of Expro Group in a research report on Friday, December 13th. They set a “neutral” rating and a $18.00 price objective for the company. Barclays dropped their price target on 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 Trading Down 0.4 %

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 business’s 50-day moving average is $13.24 and its 200 day moving average is $17.81. The firm has a market capitalization of $1.38 billion, a P/E ratio of 83.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00.

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

Insider Buying and Selling at Expro Group

In other news, 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, for a total transaction of $493,132.00. Following the transaction, the chief executive officer now owns 336,674 shares of the company’s stock, valued at $3,673,113.34. This represents a 15.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of Expro Group stock in a transaction that occurred on 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 transaction, the director now directly owns 69,181 shares in the company, valued at $787,971.59. This represents a 35.17 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Expro Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Westfield Capital Management Co. LP bought a new stake in shares of Expro Group during the 3rd quarter worth $26,481,000. Clearbridge Investments LLC acquired a new stake in shares of Expro Group in the 2nd quarter valued at approximately $28,156,000. Loomis Sayles & Co. L P acquired a new stake in shares of Expro Group in the 3rd quarter valued at approximately $16,159,000. Emerald Advisers LLC bought a new stake in shares of Expro Group during the 2nd quarter valued at approximately $13,421,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Expro Group during the 2nd quarter worth approximately $10,288,000. 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.