Expro Group (NYSE:XPRO) Stock Price Down 2.6% - Here's What Happened

Shares of Expro Group Holdings (NYSE:XPRO - Get Free Report) were down 2.6% during trading on Tuesday . The company traded as low as $11.41 and last traded at $11.49. Approximately 82,353 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 1,105,710 shares. The stock had previously closed at $11.80.

Analysts Set New Price Targets

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

Expro Group Stock Down 0.4 %

The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.38 billion, a P/E ratio of 83.93, a P/E/G ratio of 1.43 and a beta of 1.00. The business's 50 day moving average is $13.45 and its 200 day moving average is $17.91.

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

Insider Transactions at Expro Group

In related news, CEO Michael Jardon purchased 45,200 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of $10.91 per share, for a total transaction of $493,132.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Wayne Drummond, Jr. bought 18,000 shares of Expro Group stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $11.39 per share, with a total value of $205,020.00. Following the purchase, the director now directly owns 69,181 shares in the company, valued at $787,971.59. The trade was a 35.17 % 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.

Hedge Funds Weigh In On Expro Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its position in Expro Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 5,594,611 shares of the company's stock worth $128,229,000 after purchasing an additional 320,112 shares during the period. Earnest Partners LLC raised its position in Expro Group by 3.0% during the second quarter. Earnest Partners LLC now owns 4,752,815 shares of the company's stock valued at $108,935,000 after acquiring an additional 140,617 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Expro Group by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company's stock valued at $76,435,000 after acquiring an additional 219,432 shares during the period. State Street Corp boosted its position in Expro Group by 7.6% in the 3rd quarter. State Street Corp now owns 2,692,260 shares of the company's stock worth $46,226,000 after purchasing an additional 189,085 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Expro Group by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,326,582 shares of the company's stock worth $39,956,000 after purchasing an additional 199,554 shares during the period. Institutional investors and hedge funds own 92.07% of the company's stock.

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.