Expro Group (NYSE:XPRO) Shares Gap Up – Here’s Why

Expro Group Holdings (NYSE:XPRO)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $13.02, but opened at $13.90. Expro Group shares last traded at $13.92, with a volume of 204,775 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on XPRO. The Goldman Sachs Group began coverage on Expro Group in a report on Friday, December 13th. They issued a “neutral” rating and a $18.00 target price on the stock. Barclays lowered their target price on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, October 28th.

Expro Group Price Performance

The company has a 50 day simple moving average of $13.09 and a 200 day simple moving average of $15.07. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 95.69, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

Insider Buying and Selling at Expro Group

In other news, CEO Michael Jardon bought 45,200 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the completion of the purchase, the chief executive officer now owns 336,674 shares of the company’s stock, valued at $3,673,113.34. This trade represents a 15.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of $11.39 per share, with a total value of $205,020.00. Following the completion of the acquisition, the director now owns 69,181 shares in the company, valued at approximately $787,971.59. This represents a 35.17 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Expro Group

A number of hedge funds and other institutional investors have recently modified their holdings of XPRO. Emerald Mutual Fund Advisers Trust grew its stake in Expro Group by 64.7% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 739,080 shares of the company’s stock valued at $12,690,000 after purchasing an additional 290,212 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Expro Group by 566.2% during the third quarter. Harbor Capital Advisors Inc. now owns 143,221 shares of the company’s stock worth $2,459,000 after buying an additional 121,723 shares in the last quarter. Emerald Advisers LLC raised its holdings in Expro Group by 55.0% in the third quarter. Emerald Advisers LLC now owns 907,451 shares of the company’s stock valued at $15,581,000 after acquiring an additional 321,873 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Expro Group by 13.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 96,996 shares of the company’s stock valued at $1,665,000 after acquiring an additional 11,210 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Expro Group during the 3rd quarter worth $235,000. 92.07% of the stock is owned by hedge funds and other 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.