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

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

Wall Street Analyst Weigh In

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

Expro Group Stock Performance

The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -128.67 and a beta of 1.02. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $22.31 and a 200 day moving average price of $19.94.

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

Insider Buying and Selling

In other Expro Group news, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of Expro Group stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $22.25, for a total transaction of $60,117,720.00. Following the transaction, the insider now directly owns 11,873,971 shares of the company’s stock, valued at $264,195,854.75. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $22.25, for a total transaction of $60,117,720.00. Following the transaction, the insider now owns 11,873,971 shares of the company’s stock, valued at $264,195,854.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Steven J. Russell sold 15,000 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $23.01, for a total transaction of $345,150.00. Following the sale, the chief technology officer now owns 84,873 shares in the company, valued at approximately $1,952,927.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,737,240 shares of company stock worth $60,891,007. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Expro Group

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Expro Group by 58.0% in the 1st quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock valued at $29,000 after buying an additional 533 shares during the period. SG Americas Securities LLC bought a new stake in shares of Expro Group during the 1st quarter valued at $141,000. Aristides Capital LLC acquired a new position in Expro Group in the fourth quarter valued at about $236,000. Paloma Partners Management Co bought a new position in Expro Group during the 1st quarter worth approximately $239,000. Finally, Versor Investments LP acquired a new position in shares of Expro Group in the 4th quarter valued at $315,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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.