Expro Group (NYSE:XPRO) Stock Price Down 6.2% – What’s Next?

Expro Group Holdings (NYSE:XPRO) dropped 6.2% on Tuesday . The company traded as low as $12.97 and last traded at $12.92. Approximately 538,193 shares were traded during trading, a decline of 55% from the average daily volume of 1,204,600 shares. The stock had previously closed at $13.77.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. The Goldman Sachs Group started coverage on Expro Group in a research note on Friday, December 13th. They issued a “neutral” rating and a $18.00 target price for the company.

Expro Group Stock Down 1.4 %

The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.50 billion, a P/E ratio of 91.47, a PEG ratio of 1.31 and a beta of 1.01. The company’s 50 day moving average price is $13.00 and its two-hundred day moving average price is $16.26.

Insider Activity at Expro Group

In other Expro Group news, Director Robert Wayne Drummond, Jr. acquired 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $11.39 per share, with a total value of $205,020.00. Following the completion of the acquisition, the director now directly owns 69,181 shares in the company, valued at $787,971.59. This represents a 35.17 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Jardon acquired 45,200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price 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 in the company, valued at $3,673,113.34. The trade was a 15.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expro Group

Several hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in shares of Expro Group in the 4th quarter valued at approximately $27,000. Rhumbline Advisers lifted its holdings in shares of Expro Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 153,159 shares of the company’s stock worth $1,910,000 after acquiring an additional 2,477 shares during the last quarter. KBC Group NV grew its holdings in shares of Expro Group by 75.3% in 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 in the last quarter. Legato Capital Management LLC boosted its position in Expro Group by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 44,301 shares of the company’s stock valued at $552,000 after buying an additional 3,610 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Expro Group by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 48,317 shares of the company’s stock worth $1,107,000 after acquiring an additional 4,114 shares in the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

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.