Expro Group (NYSE:XPRO) Sees Large Volume Increase

Expro Group Holdings (NYSE:XPRO) saw strong trading volume on Wednesday . 1,101,140 shares traded hands during mid-day 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

A number of brokerages have weighed in on XPRO. Barclays upgraded shares of Expro Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $27.00 in a report on Tuesday, May 14th. Piper Sandler lifted their price target on shares of Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday.

Expro Group Stock Down 2.9 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.50 and a current ratio of 1.85. The business’s 50-day moving average is $19.75 and its two-hundred day moving average is $17.81.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $383.49 million for the quarter, compared to the consensus estimate of $369.87 million. Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. On average, equities analysts expect that Expro Group Holdings will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Expro Group

In other Expro Group news, CFO Quinn P. Fanning sold 17,500 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 92,889 shares of the company’s stock, valued at approximately $1,956,242.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Expro Group

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Expro Group by 58.0% during the first 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 Expro Group by 612.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,952 shares of the company’s stock worth $45,000 after buying an additional 1,678 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Expro Group in the 1st quarter worth approximately $141,000. Capricorn Fund Managers Ltd purchased a new stake in Expro Group in the 4th quarter worth approximately $159,000. Finally, Seven Eight Capital LP purchased a new stake in Expro Group in the 3rd quarter worth approximately $223,000. 92.07% of the stock is owned by institutional investors and hedge funds.

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.