Insider Selling: Expro Group Holdings (NYSE:XPRO) CFO Sells 17,500 Shares of Stock

Expro Group Holdings (NYSE:XPRO - Get Free Report) CFO Quinn P. Fanning sold 17,500 shares of the business's stock in a transaction that occurred on Thursday, May 16th. The stock was 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 of the company's stock, valued at $1,956,242.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Expro Group Trading Up 1.5 %

XPRO traded up $0.33 during trading on Thursday, hitting $21.65. 1,162,218 shares of the stock traded hands, compared to its average volume of 892,203. The firm has a market capitalization of $2.39 billion, a P/E ratio of -118.44 and a beta of 0.93. Expro Group Holdings has a 12-month low of $14.33 and a 12-month high of $25.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.50. The firm has a 50-day moving average of $19.43 and a 200 day moving average of $17.61.

Expro Group (NYSE:XPRO - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). Expro Group had a positive return on equity of 0.76% and a negative net margin of 1.26%. The firm had revenue of $406.75 million for the quarter, compared to analysts' expectations of $382.91 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts anticipate that Expro Group Holdings will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Expro Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bayesian Capital Management LP purchased a new position in Expro Group during the 1st quarter valued at $439,000. Paloma Partners Management Co bought a new position in Expro Group in the first quarter worth about $239,000. Earnest Partners LLC bought a new position in Expro Group in the first quarter worth about $92,106,000. BOKF NA bought a new stake in Expro Group during the 1st quarter valued at approximately $2,943,000. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Expro Group by 0.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 61,765 shares of the company's stock worth $1,233,000 after acquiring an additional 550 shares during the period. Institutional investors own 92.07% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Expro Group from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $18.00 to $27.00 in a research report on Tuesday.

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.

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