Expro Group (NYSE:XPRO) Shares Gap Up to $22.91

Expro Group Holdings (NYSE:XPRO)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $22.91, but opened at $23.39. Expro Group shares last traded at $23.25, with a volume of 11,789 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on XPRO. Piper Sandler boosted their price target on shares of Expro Group from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Barclays boosted their price target on shares of Expro Group from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd.

Expro Group Trading Down 0.0 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.95 and a quick ratio of 1.59. The business’s 50 day moving average is $20.74 and its 200 day moving average is $19.70. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -1,145.00 and a beta of 1.11.

Expro Group (NYSE:XPRO) last issued its earnings results on Thursday, July 27th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The firm had revenue of $396.92 million for the quarter, compared to analyst estimates of $370.91 million. Expro Group had a positive return on equity of 1.02% and a negative net margin of 0.12%. As a group, equities analysts expect that Expro Group Holdings will post 0.9 earnings per share for the current fiscal year.

Insider Activity at Expro Group

In related news, major shareholder Hill Advisors Lp Oak sold 2,320,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $17.37, for a total value of $40,298,400.00. Following the completion of the sale, the insider now directly owns 17,575,891 shares of the company’s stock, valued at $305,293,226.67. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Hill Advisors Lp Oak sold 2,320,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $17.37, for a total value of $40,298,400.00. Following the completion of the sale, the insider now directly owns 17,575,891 shares of the company’s stock, valued at $305,293,226.67. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael C. Kearney sold 25,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $23.14, for a total transaction of $578,500.00. Following the completion of the sale, the director now directly owns 76,368 shares of the company’s stock, valued at $1,767,155.52. The disclosure for this sale can be found here. Insiders sold a total of 2,370,000 shares of company stock valued at $41,427,650 over the last ninety days. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Expro Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd purchased a new stake in shares of Expro Group in the first quarter valued at about $308,000. SG Americas Securities LLC increased its stake in shares of Expro Group by 22.5% during the first quarter. SG Americas Securities LLC now owns 10,625 shares of the company’s stock worth $195,000 after acquiring an additional 1,950 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Expro Group during the fourth quarter worth about $1,147,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Expro Group by 9.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,114 shares of the company’s stock worth $637,000 after acquiring an additional 3,076 shares during the period. Finally, Oliver Luxxe Assets LLC increased its stake in shares of Expro Group by 131.4% during the first quarter. Oliver Luxxe Assets LLC now owns 56,988 shares of the company’s stock worth $1,046,000 after acquiring an additional 32,361 shares during the period. 84.30% of the stock is owned by hedge funds and other institutional investors.

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 services.