Expro Group (NYSE:XPRO) Stock Price Down 5% - Here's What Happened

Expro Group Holdings (NYSE:XPRO - Get Free Report) shares were down 5% during trading on Tuesday . The company traded as low as $10.01 and last traded at $10.28. Approximately 524,742 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 1,077,544 shares. The stock had previously closed at $10.82.

Analysts Set New Price Targets

A number of research analysts recently commented on XPRO shares. Barclays decreased their price objective on Expro Group from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Wednesday. The Goldman Sachs Group started coverage on Expro Group in a report on Friday, December 13th. They issued a "neutral" rating and a $18.00 price objective on the stock.

Expro Group Trading Up 4.1 %

The company has a market cap of $1.24 billion, a PE ratio of 76.03, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12. 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 business has a 50-day simple moving average of $13.02 and a 200-day simple moving average of $14.57.

Insider Buying and Selling at Expro Group

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

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Institutional Trading of Expro Group

A number of large investors have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its position in shares of Expro Group by 27.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock worth $138,736,000 after acquiring an additional 2,426,258 shares during the period. Vanguard Group Inc. increased its position in shares of Expro Group by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company's stock worth $127,646,000 after acquiring an additional 260,914 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Expro Group by 18.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company's stock worth $59,283,000 after acquiring an additional 728,836 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Expro Group by 11.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,376,250 shares of the company's stock worth $54,573,000 after acquiring an additional 436,411 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Expro Group by 32.3% during the fourth quarter. American Century Companies Inc. now owns 4,206,985 shares of the company's stock worth $52,461,000 after acquiring an additional 1,027,825 shares during the period. Hedge funds and other institutional investors own 92.07% of the company's stock.

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.