Expro Group (NYSE:XPRO) Stock Price Up 7% – What’s Next?

Expro Group Holdings (NYSE:XPRO) traded up 7% during mid-day trading on Friday . The company traded as high as $10.85 and last traded at $10.94. 498,421 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 1,094,720 shares. The stock had previously closed at $10.22.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Expro Group in a research note on Friday, December 13th. They issued a “neutral” rating and a $18.00 price objective for the company. Barclays reduced their price objective on shares of Expro Group from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday.

Expro Group Trading Up 4.1 %

The stock has a market capitalization of $1.24 billion, a PE ratio of 76.03, a PEG ratio of 1.28 and a beta of 1.12. The stock’s 50 day moving average price is $13.02 and its 200-day moving average price is $14.53. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

Insider Activity at Expro Group

In related news, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $11.39 per share, with a total value of $205,020.00. Following the completion of the purchase, the director now owns 69,181 shares of the company’s stock, valued at approximately $787,971.59. The trade was a 35.17 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Jardon bought 45,200 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of $10.91 per share, with a total value of $493,132.00. Following the completion of the purchase, the chief executive officer now directly owns 336,674 shares of the company’s stock, valued at $3,673,113.34. This represents a 15.51 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expro Group

Several institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its position in Expro Group by 56.0% during the fourth quarter. US Bancorp DE now owns 4,171 shares of the company’s stock valued at $52,000 after purchasing an additional 1,497 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Expro Group by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company’s stock valued at $671,000 after purchasing an additional 1,989 shares during the last quarter. R Squared Ltd bought a new position in Expro Group during the fourth quarter valued at $27,000. Rhumbline Advisers lifted its position in Expro Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 153,159 shares of the company’s stock valued at $1,910,000 after purchasing an additional 2,477 shares during the last quarter. Finally, KBC Group NV lifted its position in Expro Group by 75.3% during the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after purchasing an additional 2,563 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

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.