Expro Group (NYSE:XPRO) Shares Down 6.5% – What’s Next?

Expro Group Holdings (NYSE:XPRO)’s stock price traded down 6.5% on Wednesday . The stock traded as low as $12.16 and last traded at $12.13. 607,443 shares traded hands during trading, a decline of 39% from the average session volume of 1,001,889 shares. The stock had previously closed at $12.97.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group started coverage on Expro Group in a research report on Friday, December 13th. They set a “neutral” rating and a $18.00 price target on the stock.

Expro Group Stock Down 7.5 %

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’s 50-day moving average is $13.13 and its 200-day moving average is $15.02. The stock has a market cap of $1.41 billion, a P/E ratio of 85.72, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99.

Insider Buying and Selling

In other news, CEO Michael Jardon acquired 45,200 shares of Expro Group stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average price of $10.91 per share, with a total value of $493,132.00. Following the purchase, the chief executive officer now directly owns 336,674 shares of the company’s stock, valued at $3,673,113.34. The trade was a 15.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of Expro Group stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $11.39 per share, with a total value of $205,020.00. Following the acquisition, the director now directly owns 69,181 shares of the company’s stock, valued at approximately $787,971.59. This trade represents a 35.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XPRO. US Bancorp DE raised 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 worth $671,000 after buying an additional 1,989 shares during the last quarter. R Squared Ltd bought a new position in Expro Group during the 4th quarter valued at $27,000. Rhumbline Advisers boosted 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 buying an additional 2,477 shares during the last quarter. Finally, KBC Group NV raised its holdings in Expro Group by 75.3% during the 4th quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after acquiring an additional 2,563 shares during the period. 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.