Insider Selling: Expro Group (NYSE:XPRO) Director Sells $93,383.52 in Stock

Expro Group Holdings N.V. (NYSE:XPRO) Director Eileen Goss Whelley sold 6,168 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the transaction, the director owned 47,648 shares of the company’s stock, valued at $721,390.72. This represents a 11.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Expro Group Stock Performance

Shares of XPRO opened at $15.33 on Friday. The firm has a 50-day moving average price of $16.46 and a 200 day moving average price of $15.77. The firm has a market capitalization of $1.74 billion, a PE ratio of 47.90 and a beta of 0.89. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. Expro Group Holdings N.V. has a 52-week low of $8.20 and a 52-week high of $18.73.

Institutional Investors Weigh In On Expro Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE lifted its holdings in Expro Group by 8.6% in the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after acquiring an additional 799 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Expro Group by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock valued at $4,429,000 after acquiring an additional 945 shares during the last quarter. Focus Partners Wealth lifted its holdings in Expro Group by 5.9% in the 3rd quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock valued at $206,000 after acquiring an additional 954 shares during the last quarter. Royal Bank of Canada lifted its holdings in Expro Group by 43.8% in the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after acquiring an additional 1,222 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Expro Group by 3.1% in the 4th quarter. Jane Street Group LLC now owns 48,691 shares of the company’s stock valued at $650,000 after acquiring an additional 1,446 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Barclays increased their target price on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Freedom Capital upgraded shares of Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research report on Thursday. Finally, Piper Sandler increased their target price on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.33.

About Expro Group

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.