Expro Group (NYSE:XPRO) Sees Large Volume Increase

Expro Group Holdings (NYSE:XPRO) saw unusually-high trading volume on Wednesday . Approximately 1,101,140 shares were traded during trading, an increase of 21% from the previous session’s volume of 910,622 shares.The stock last traded at $22.92 and had previously closed at $23.10.

Analyst Ratings Changes

XPRO has been the subject of several analyst reports. Barclays raised Expro Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $27.00 in a research note on Tuesday, May 14th. Piper Sandler increased their target price on Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday.

Expro Group Stock Down 1.7 %

The firm has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $17.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.50. The company has a market capitalization of $2.42 billion, a PE ratio of -121.61 and a beta of 0.93.

Expro Group (NYSE:XPRO) last announced its earnings results on Thursday, April 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $383.49 million for the quarter, compared to analyst estimates of $369.87 million. Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. On average, research analysts predict that Expro Group Holdings will post 0.81 EPS for the current fiscal year.

Insider Activity

In other news, CFO Quinn P. Fanning sold 17,500 shares of Expro Group stock in a transaction that occurred 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 sale, the chief financial officer now owns 92,889 shares of the company’s stock, valued at $1,956,242.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Quinn P. Fanning sold 17,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 92,889 shares of the company’s stock, valued at $1,956,242.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $22.25, for a total value of $60,117,720.00. Following the sale, the insider now directly owns 11,873,971 shares in the company, valued at approximately $264,195,854.75. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Expro Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPRO. GAMMA Investing LLC raised its holdings in Expro Group by 58.0% during the first 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. Allspring Global Investments Holdings LLC increased its holdings in shares of Expro Group by 612.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,952 shares of the company’s stock valued at $45,000 after buying an additional 1,678 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Expro Group in the first quarter valued at $141,000. Capricorn Fund Managers Ltd bought a new position in shares of Expro Group in the fourth quarter valued at $159,000. Finally, Seven Eight Capital LP bought a new position in shares of Expro Group in the third quarter valued at $223,000. Institutional investors own 92.07% of the company’s stock.

About Expro Group

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.