Expro Group (NYSE:XPRO) Shares Gap Up Following Insider Buying Activity

Expro Group Holdings (NYSE:XPRO - Get Free Report) shares gapped up prior to trading on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $11.09, but opened at $12.40. Expro Group shares last traded at $12.29, with a volume of 606,936 shares.

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

Analysts Set New Price Targets

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

Expro Group Stock Up 4.1 %

The business has a fifty day moving average of $13.80 and a 200 day moving average of $18.11. 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 firm has a market cap of $1.36 billion, a P/E ratio of 82.43, a P/E/G ratio of 1.43 and a beta of 1.00.

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 (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $422.83 million during the quarter, compared to analyst estimates of $436.62 million. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. Expro Group's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) EPS. On average, equities research analysts predict that Expro Group Holdings will post 0.7 EPS for the current year.

Institutional Trading of Expro Group

A number of institutional investors have recently made changes to their positions in XPRO. Point72 Hong Kong Ltd acquired a new stake in shares of Expro Group in the 3rd quarter valued at approximately $171,000. nVerses Capital LLC acquired a new stake in Expro Group in the second quarter valued at $183,000. MQS Management LLC bought a new position in shares of Expro Group in the 3rd quarter valued at about $205,000. Transatlantique Private Wealth LLC acquired a new stake in Expro Group in the 2nd quarter valued at about $214,000. Finally, Algert Global LLC bought a new position in Expro Group during the second quarter worth about $217,000. 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.