Expro Group Holdings (NYSE:XPRO) Director Buys $205,020.00 in Stock

Expro Group Holdings (NYSE:XPRO - Get Free Report) Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $11.39 per share, with a total value of $205,020.00. Following the acquisition, the director now owns 69,181 shares in the company, valued at $787,971.59. This represents a 35.17 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Expro Group Price Performance

NYSE XPRO traded up $0.04 during trading hours on Tuesday, hitting $11.09. 1,156,592 shares of the company's stock traded hands, compared to its average volume of 1,088,309. The company has a market capitalization of $1.30 billion, a PE ratio of 79.00, a PEG ratio of 1.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. Expro Group Holdings has a 52-week low of $10.71 and a 52-week high of $24.50. The firm's 50-day moving average is $14.02 and its 200-day moving average is $18.23.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The company had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts forecast that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Expro Group in a research report on Friday. They issued a "neutral" rating and a $18.00 target price on the stock. Barclays lowered their price objective on Expro Group from $28.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, October 28th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Westfield Capital Management Co. LP purchased a new stake in Expro Group in the third quarter valued at $26,481,000. Clearbridge Investments LLC acquired a new stake in shares of Expro Group during the 2nd quarter worth about $28,156,000. Loomis Sayles & Co. L P purchased a new stake in Expro Group in the 3rd quarter valued at about $16,159,000. Emerald Advisers LLC purchased a new stake in Expro Group in the 2nd quarter valued at about $13,421,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Expro Group in the second quarter valued at about $10,288,000. 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.

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