Expro Group Holdings (NYSE:XPRO - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,101,140 shares traded hands during trading, an increase of 21% from the previous session's volume of 910,622 shares.The stock last traded at $22.92 and had previously closed at $23.10.
Analyst Ratings Changes
XPRO has been the subject of a number of research analyst reports. Barclays raised shares of Expro Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $18.00 to $27.00 in a report on Tuesday, May 14th. Piper Sandler raised their target price on shares of Expro Group from $26.00 to $29.00 and gave the company an "overweight" rating in a report on Monday.
Get Our Latest Report on XPRO
Expro Group Stock Performance
The business's fifty day moving average is $19.82 and its two-hundred day moving average is $17.84. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.46 billion, a PE ratio of -123.72 and a beta of 0.93.
Expro Group (NYSE:XPRO - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.05 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%. As a group, research analysts anticipate that Expro Group Holdings will post 0.81 EPS for the current fiscal year.
Insiders Place Their Bets
In other Expro Group news, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of Expro Group stock in a transaction on Monday, May 20th. The shares were sold at an average price of $22.25, for a total transaction of $60,117,720.00. Following the completion of the transaction, the insider now directly owns 11,873,971 shares of the company's stock, valued at $264,195,854.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Quinn P. Fanning sold 17,500 shares of Expro Group stock in a transaction 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 directly owns 92,889 shares in the company, valued at $1,956,242.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of Expro Group stock in a transaction on Monday, May 20th. The stock was sold at an average price of $22.25, for a total value of $60,117,720.00. Following the sale, the insider now owns 11,873,971 shares of the company's stock, valued at $264,195,854.75. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
Institutional Trading of Expro Group
Several institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Expro Group by 58.0% in the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company's stock valued at $29,000 after acquiring an additional 533 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Expro Group by 612.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,952 shares of the company's stock valued at $45,000 after acquiring an additional 1,678 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Expro Group in the first quarter valued at about $141,000. Seven Eight Capital LP bought a new stake in shares of Expro Group in the third quarter valued at about $223,000. Finally, Capricorn Fund Managers Ltd bought a new stake in shares of Expro Group in the fourth quarter valued at about $159,000. 92.07% of the stock is currently owned by institutional investors.
About Expro Group
(
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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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