Expro Group Holdings (NYSE:XPRO) Director Robert Wayne Drummond, Jr. Buys 18,000 Shares of Stock

Expro Group Holdings (NYSE:XPRO) Director Robert Wayne Drummond, Jr. bought 18,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $11.39 per share, with a total value of $205,020.00. Following the completion of the purchase, the director now owns 69,181 shares of the company’s stock, valued at approximately $787,971.59. This trade represents a 35.17 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Expro Group Price Performance

Shares of XPRO opened at $11.09 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a twelve month low of $10.71 and a twelve month high of $24.50. The stock has a market capitalization of $1.30 billion, a P/E ratio of 79.21, a P/E/G ratio of 1.43 and a beta of 1.00. The company has a 50 day moving average of $13.91 and a 200-day moving average of $18.16.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $422.83 million during the quarter, compared to analysts’ expectations of $436.62 million. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. Expro Group’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) EPS. As a group, equities research analysts forecast that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XPRO. nVerses Capital LLC bought a new position in shares of Expro Group in the second quarter valued at $183,000. Transatlantique Private Wealth LLC bought a new stake in shares of Expro Group in the 2nd quarter valued at about $214,000. Algert Global LLC bought a new stake in Expro Group in the second quarter valued at approximately $217,000. Point72 Hong Kong Ltd acquired a new stake in shares of Expro Group in the third quarter valued at approximately $171,000. Finally, Hsbc Holdings PLC bought a new position in shares of Expro Group during the 2nd quarter worth approximately $263,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Analyst Upgrades and Downgrades

XPRO has been the subject of several research analyst reports. Barclays decreased their price objective on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. The Goldman Sachs Group initiated coverage on shares of Expro Group in a report on Friday, December 13th. They issued a “neutral” rating and a $18.00 price target for the company.

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.