Expro Group (NYSE:XPRO) Sees Large Volume Increase

Expro Group Holdings (NYSE:XPRO - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 556,408 shares were traded during trading, a decline of 41% from the previous session's volume of 948,634 shares.The stock last traded at $18.20 and had previously closed at $17.72.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $23.00 target price (up previously from $22.00) on shares of Expro Group in a report on Monday, June 3rd. Barclays lifted their price objective on Expro Group from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Finally, Piper Sandler increased their target price on shares of Expro Group from $26.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, May 20th.

Expro Group Trading Up 2.8 %

The business's 50-day moving average is $21.28 and its two-hundred day moving average is $20.55. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.14 billion, a PE ratio of -102.44, a PEG ratio of 1.92 and a beta of 0.97.

Expro Group (NYSE:XPRO - Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). The company had revenue of $469.64 million during the quarter, compared to analyst estimates of $419.20 million. Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. On average, analysts predict that Expro Group Holdings will post 0.77 earnings per share for the current year.

Insider Buying and Selling at Expro Group

In related news, CTO Steven J. Russell sold 15,000 shares of Expro Group stock in a transaction on Friday, June 21st. The shares were sold at an average price of $23.01, for a total transaction of $345,150.00. Following the sale, the chief technology officer now owns 84,873 shares of the company's stock, valued at approximately $1,952,927.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Expro Group in the 1st quarter valued at approximately $1,356,000. BOKF NA bought a new stake in Expro Group during the first quarter valued at $2,943,000. Jennison Associates LLC raised its holdings in shares of Expro Group by 129.3% during the first quarter. Jennison Associates LLC now owns 822,249 shares of the company's stock worth $16,420,000 after purchasing an additional 463,584 shares during the period. Versor Investments LP bought a new position in shares of Expro Group in the 4th quarter worth about $315,000. Finally, Boston Partners boosted its holdings in shares of Expro Group by 24.1% in the 1st quarter. Boston Partners now owns 2,084,838 shares of the company's stock valued at $41,688,000 after buying an additional 404,392 shares during the period. Hedge funds and other institutional investors own 92.07% of the company's stock.

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.