Expro Group (NYSE:XPRO) Sees Large Volume Increase

Expro Group Holdings (NYSE:XPRO) saw strong trading volume on Friday . 502,557 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 734,138 shares.The stock last traded at $23.44 and had previously closed at $23.34.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lifted their price objective on Expro Group from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, August 3rd. Piper Sandler boosted their price target on Expro Group from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, July 31st. Finally, JPMorgan Chase & Co. began coverage on Expro Group in a report on Wednesday. They set an “overweight” rating and a $30.00 price target on the stock.

Expro Group Stock Performance

The company has a market cap of $2.70 billion, a PE ratio of -1,241.50 and a beta of 1.09. The company has a current ratio of 1.95, a quick ratio of 1.59 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $22.67 and a 200-day moving average of $19.94.

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

Insiders Place Their Bets

In other Expro Group news, Director Michael C. Kearney sold 5,735 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $24.44, for a total transaction of $140,163.40. Following the transaction, the director now owns 45,633 shares in the company, valued at approximately $1,115,270.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Expro Group news, Director Michael C. Kearney sold 5,735 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $24.44, for a total transaction of $140,163.40. Following the transaction, the director now owns 45,633 shares in the company, valued at approximately $1,115,270.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael C. Kearney sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $23.14, for a total value of $578,500.00. Following the transaction, the director now owns 76,368 shares in the company, valued at approximately $1,767,155.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,335 shares of company stock worth $1,645,867. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Expro Group

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Expro Group by 77.4% in the 1st quarter. FMR LLC now owns 16,322,665 shares of the company’s stock worth $299,684,000 after purchasing an additional 7,122,166 shares in the last quarter. BlackRock Inc. lifted its position in Expro Group by 3.1% in the 2nd quarter. BlackRock Inc. now owns 6,060,128 shares of the company’s stock valued at $107,385,000 after acquiring an additional 179,835 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Expro Group by 10.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 4,563,499 shares of the company’s stock valued at $83,786,000 after acquiring an additional 420,440 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Expro Group by 20.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,204,573 shares of the company’s stock valued at $58,099,000 after acquiring an additional 551,821 shares in the last quarter. Finally, State Street Corp lifted its position in Expro Group by 15.7% in the 1st quarter. State Street Corp now owns 2,246,527 shares of the company’s stock valued at $41,246,000 after acquiring an additional 305,675 shares in the last quarter. 83.29% of the stock is owned by 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.