Expro Group (NYSE:XPRO) Sees Unusually-High Trading Volume

Expro Group Holdings (NYSE:XPRO) saw an uptick in trading volume on Tuesday . 2,896,492 shares traded hands during trading, an increase of 212% from the previous session’s volume of 928,326 shares.The stock last traded at $21.96 and had previously closed at $22.50.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XPRO. The Goldman Sachs Group restated a “neutral” rating and set a $23.00 price target (up from $22.00) on shares of Expro Group in a research note on Monday, June 3rd. Piper Sandler upped their price target on shares of Expro Group from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Barclays upgraded shares of Expro Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $27.00 in a research note on Tuesday, May 14th.

Expro Group Stock Performance

The company’s 50-day moving average price is $21.57 and its 200 day moving average price is $19.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.50 and a current ratio of 1.85. The stock has a market capitalization of $2.51 billion, a PE ratio of -126.33 and a beta of 1.02.

Expro Group (NYSE:XPRO) last issued its earnings results on Thursday, April 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $383.49 million during the quarter, compared to analysts’ expectations of $369.87 million. Expro Group had a positive return on equity of 0.76% and a negative net margin of 1.26%. On average, equities research analysts expect that Expro Group Holdings will post 0.84 earnings per share for the current fiscal year.

Insider Transactions at Expro Group

In other news, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of Expro Group stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $22.25, for a total value of $60,117,720.00. Following the completion of the sale, the insider now directly owns 11,873,971 shares in the company, valued at $264,195,854.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of Expro Group stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $22.25, for a total value of $60,117,720.00. Following the completion of the sale, the insider now directly owns 11,873,971 shares in the company, valued at $264,195,854.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Steven J. Russell sold 15,000 shares of the business’s stock in a transaction that occurred 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 $1,952,927.73. The disclosure for this sale can be found here. Insiders sold 2,737,240 shares of company stock worth $60,891,007 over the last three months. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Expro Group

Large investors have recently added to or reduced their stakes in the business. Earnest Partners LLC purchased a new position in Expro Group during the first quarter valued at approximately $92,106,000. Dimensional Fund Advisors LP lifted its holdings in shares of Expro Group by 45.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,672,872 shares of the company’s stock worth $42,554,000 after buying an additional 833,928 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Expro Group by 129.3% in the first quarter. Jennison Associates LLC now owns 822,249 shares of the company’s stock worth $16,420,000 after buying an additional 463,584 shares in the last quarter. Boston Partners lifted its holdings in shares of Expro Group by 24.1% in the first quarter. Boston Partners now owns 2,084,838 shares of the company’s stock worth $41,688,000 after buying an additional 404,392 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Expro Group by 64.4% during the third quarter. Wellington Management Group LLP now owns 1,025,006 shares of the company’s stock valued at $23,811,000 after purchasing an additional 401,449 shares in the last quarter. 92.07% of the stock is currently 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 solutions.