Expro Group (NYSE:XPRO) Sees Large Volume Increase - What's Next?

Expro Group Holdings (NYSE:XPRO - Get Free Report) shares saw an uptick in trading volume on Thursday . 825,403 shares changed hands during mid-day trading, a decline of 24% from the previous session's volume of 1,089,580 shares.The stock last traded at $10.08 and had previously closed at $10.24.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. The Goldman Sachs Group assumed coverage on Expro Group in a research report on Friday, December 13th. They set a "neutral" rating and a $18.00 target price on the stock. Barclays cut their target price on shares of Expro Group from $17.00 to $14.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th.

Expro Group Price Performance

The company's 50 day simple moving average is $13.02 and its 200-day simple moving average is $14.49. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 73.47, a PEG ratio of 1.28 and a beta of 1.12.

Insider Transactions at Expro Group

In other Expro Group news, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of Expro Group stock in a transaction dated Monday, December 16th. The shares were bought at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Jardon acquired 45,200 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of $10.91 per share, with a total value of $493,132.00. Following the transaction, the chief executive officer now owns 336,674 shares in the company, valued at approximately $3,673,113.34. The trade was a 15.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.50% of the company's stock.

Remove Ads

Hedge Funds Weigh In On Expro Group

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in Expro Group during the fourth quarter worth about $27,000. Sterling Capital Management LLC raised its holdings in shares of Expro Group by 824.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock valued at $38,000 after acquiring an additional 2,705 shares during the period. US Bancorp DE raised its stake in Expro Group by 56.0% during the 4th quarter. US Bancorp DE now owns 4,171 shares of the company's stock valued at $52,000 after purchasing an additional 1,497 shares during the period. KBC Group NV lifted its stake in Expro Group by 75.3% in the 4th quarter. KBC Group NV now owns 5,968 shares of the company's stock worth $74,000 after acquiring an additional 2,563 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Expro Group by 1,413.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company's stock valued at $139,000 after purchasing an additional 10,391 shares in the last quarter. 92.07% of the stock is owned by institutional investors.

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.