Expro Group (NYSE:XPRO) Shares Gap Up on Analyst Upgrade

Shares of Expro Group Holdings (NYSE:XPRO - Get Free Report) gapped up prior to trading on Monday after Piper Sandler raised their price target on the stock from $26.00 to $29.00. The stock had previously closed at $21.78, but opened at $22.66. Piper Sandler currently has an overweight rating on the stock. Expro Group shares last traded at $22.11, with a volume of 72,329 shares trading hands.

Separately, Barclays upgraded shares of Expro Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $18.00 to $27.00 in a report on Tuesday, May 14th.

Insider Transactions at Expro Group

In other news, CFO Quinn P. Fanning sold 17,500 shares of the firm's stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $21.06, for a total transaction of $368,550.00. Following the completion of the sale, the chief financial officer now owns 92,889 shares in the company, valued at approximately $1,956,242.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company's stock.

Institutional Trading of Expro Group

Several institutional investors have recently added to or reduced their stakes in XPRO. GAMMA Investing LLC increased its holdings in Expro Group by 58.0% in the 1st quarter. GAMMA Investing LLC now owns 1,452 shares of the company's stock valued at $29,000 after purchasing an additional 533 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Expro Group by 612.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,952 shares of the company's stock worth $45,000 after purchasing an additional 1,678 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Expro Group during the 1st quarter worth $141,000. Capricorn Fund Managers Ltd purchased a new stake in shares of Expro Group during the 4th quarter worth $159,000. Finally, Seven Eight Capital LP purchased a new stake in shares of Expro Group during the 3rd quarter worth $223,000. Institutional investors and hedge funds own 92.07% of the company's stock.

Expro Group Trading Up 4.4 %

The firm has a market capitalization of $2.51 billion, a PE ratio of -126.28 and a beta of 0.93. The company's 50-day moving average price is $19.65 and its 200-day moving average price is $17.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.50 and a current ratio of 1.85.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings data 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 for 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, sell-side analysts expect that Expro Group Holdings will post 0.81 earnings per share for the current year.

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.