Expro Group (NYSE:XPRO) Stock Price Down 6.2% - Here's Why

Expro Group Holdings (NYSE:XPRO - Get Free Report)'s stock price was down 6.2% during trading on Tuesday . The company traded as low as $12.97 and last traded at $12.92. Approximately 538,193 shares changed hands during trading, a decline of 55% from the average daily volume of 1,204,600 shares. The stock had previously closed at $13.77.

Analysts Set New Price Targets

Several equities research analysts recently commented on XPRO shares. Barclays cut their price target on shares of 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 assumed 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 Trading Down 4.9 %

The company's 50 day simple moving average is $12.99 and its two-hundred day simple moving average is $16.35. The company has a market cap of $1.54 billion, a PE ratio of 93.54, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62.

Insider Buying and Selling at Expro Group

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

Institutional Trading of Expro Group

A number of institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in Expro Group by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 270,329 shares of the company's stock worth $6,196,000 after buying an additional 15,406 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Expro Group during the 2nd quarter worth approximately $263,000. Squarepoint Ops LLC purchased a new position in Expro Group in the second quarter worth $1,834,000. AQR Capital Management LLC purchased a new stake in shares of Expro Group during the 2nd quarter worth $489,000. Finally, Millennium Management LLC boosted its holdings in Expro Group by 9.3% during the second quarter. Millennium Management LLC now owns 718,618 shares of the company's stock worth $16,471,000 after buying an additional 60,885 shares in the last quarter. 92.07% of the stock is owned by hedge funds and other 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.

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