Expro Group (NYSE:XPRO) Shares Up 4.6% - Here's Why

Shares of Expro Group Holdings (NYSE:XPRO - Get Free Report) shot up 4.6% on Tuesday . The stock traded as high as $12.65 and last traded at $12.62. 623,660 shares were traded during trading, a decline of 43% from the average session volume of 1,100,298 shares. The stock had previously closed at $12.06.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XPRO. Barclays lowered their target price on Expro Group from $28.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. The Goldman Sachs Group began coverage on shares of Expro Group in a research note on Friday, December 13th. They issued a "neutral" rating and a $18.00 price objective on the stock.

Expro Group Trading Up 3.4 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. The firm has a market capitalization of $1.47 billion, a P/E ratio of 89.08, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. The firm has a 50 day moving average price of $12.89 and a two-hundred day moving average price of $17.52.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings results 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. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business had revenue of $422.83 million during the quarter, compared to analyst estimates of $436.62 million. During the same quarter last year, the company posted ($0.11) EPS. Expro Group's revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities research analysts expect that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

Insider Activity

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

Institutional Trading of Expro Group

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