Expro Group (NYSE:XPRO) Trading 7% Higher - Should You Buy?

Expro Group Holdings (NYSE:XPRO - Get Free Report)'s share price rose 7% during mid-day trading on Friday . The stock traded as high as $10.85 and last traded at $10.94. Approximately 498,421 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 1,094,720 shares. The stock had previously closed at $10.22.

Analysts Set New Price Targets

XPRO has been the subject of several research analyst reports. The Goldman Sachs Group started coverage on Expro Group in a research note on Friday, December 13th. They issued a "neutral" rating and a $18.00 price objective for the company. Barclays cut their price target on Expro Group from $17.00 to $14.00 and set an "overweight" rating for the company in a research note on Wednesday.

Expro Group Price Performance

The stock has a 50 day moving average price of $13.02 and a two-hundred day moving average price of $14.49. 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 company has a market capitalization of $1.24 billion, a PE ratio of 76.03, a P/E/G ratio of 1.28 and a beta of 1.12.

Insider Transactions at Expro Group

In related news, CEO Michael Jardon acquired 45,200 shares of the stock in a transaction dated 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 acquisition, the chief executive officer now owns 336,674 shares in the company, valued at approximately $3,673,113.34. The trade was a 15.51 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Wayne Drummond, Jr. acquired 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, for a total transaction of $205,020.00. Following the acquisition, the director now owns 69,181 shares in the company, valued at $787,971.59. The trade was a 35.17 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company's stock.

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Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. US Bancorp DE grew its holdings in Expro Group by 56.0% in the 4th quarter. US Bancorp DE now owns 4,171 shares of the company's stock valued at $52,000 after buying an additional 1,497 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Expro Group by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company's stock valued at $671,000 after buying an additional 1,989 shares during the last quarter. R Squared Ltd acquired a new stake in Expro Group in the 4th quarter valued at approximately $27,000. Rhumbline Advisers grew its holdings in Expro Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 153,159 shares of the company's stock valued at $1,910,000 after buying an additional 2,477 shares during the last quarter. Finally, KBC Group NV grew its holdings in Expro Group by 75.3% in the 4th quarter. KBC Group NV now owns 5,968 shares of the company's stock valued at $74,000 after buying an additional 2,563 shares during the last quarter. Institutional investors and hedge funds 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.