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

Shares of Expro Group Holdings (NYSE:XPRO) saw strong trading volume on Monday . 556,408 shares traded hands during mid-day trading, a decline of 41% from the previous session’s volume of 948,634 shares.The stock last traded at $18.20 and had previously closed at $17.72.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays raised their price target on Expro Group from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Piper Sandler boosted their price target on shares of Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $23.00 price objective (up previously from $22.00) on shares of Expro Group in a research report on Monday, June 3rd.

Expro Group Stock Performance

The company has a 50-day moving average price of $21.09 and a two-hundred day moving average price of $20.54. The stock has a market cap of $1.95 billion, a P/E ratio of -98.28, a P/E/G ratio of 1.92 and a beta of 0.97. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO) last announced its earnings results on Thursday, July 25th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $469.64 million during the quarter, compared to analysts’ expectations of $419.20 million. Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. On average, research analysts expect that Expro Group Holdings will post 0.77 EPS for the current fiscal year.

Insider Transactions at Expro Group

In related news, CTO Steven J. Russell sold 15,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $23.01, for a total transaction of $345,150.00. Following the completion of the transaction, the chief technology officer now owns 84,873 shares in the company, valued at approximately $1,952,927.73. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Expro Group

A number of institutional investors and hedge funds have recently bought and sold shares of XPRO. GAMMA Investing LLC lifted its stake in Expro Group by 58.0% in the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock worth $29,000 after acquiring an additional 533 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Expro Group by 0.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 61,765 shares of the company’s stock valued at $1,233,000 after purchasing an additional 550 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Expro Group by 2.9% in the 4th quarter. New York State Common Retirement Fund now owns 40,532 shares of the company’s stock worth $645,000 after purchasing an additional 1,145 shares during the period. ProShare Advisors LLC boosted its stake in shares of Expro Group by 8.5% during the first quarter. ProShare Advisors LLC now owns 16,099 shares of the company’s stock valued at $321,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Essex Investment Management Co. LLC increased its holdings in Expro Group by 1.9% during the first quarter. Essex Investment Management Co. LLC now owns 88,193 shares of the company’s stock valued at $1,761,000 after buying an additional 1,654 shares during the period. 92.07% of the stock is owned by institutional investors.

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.