Expro Group (NYSE:XPRO) Shares Down 2.6% – Should You Sell?

Expro Group Holdings (NYSE:XPRO)’s share price fell 2.6% on Tuesday . The stock traded as low as $11.41 and last traded at $11.49. 82,353 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 1,105,710 shares. The stock had previously closed at $11.80.

Analysts Set New Price Targets

Several research firms have issued reports on XPRO. The Goldman Sachs Group initiated coverage on Expro Group in a research note on Friday, December 13th. They set a “neutral” rating and a $18.00 target price for the company. Barclays cut their price objective on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th.

Expro Group Price Performance

The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 83.72, a P/E/G ratio of 1.43 and a beta of 1.00. 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 company’s fifty day moving average is $13.45 and its two-hundred day moving average is $17.91.

Expro Group (NYSE:XPRO) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $422.83 million during the quarter, compared to analysts’ expectations of $436.62 million. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) earnings per share. As a group, research analysts predict that Expro Group Holdings will post 0.7 earnings per share for the current year.

Insider Activity

In other news, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the purchase, the director now directly owns 69,181 shares of the company’s stock, valued at $787,971.59. The trade was a 35.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Jardon purchased 45,200 shares of the stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $10.91 per share, with a total value of $493,132.00. Following the acquisition, the chief executive officer now directly owns 336,674 shares in the company, valued at $3,673,113.34. This represents a 15.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Institutional Trading of Expro Group

Institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new stake in shares of Expro Group during the 3rd quarter worth about $171,000. nVerses Capital LLC acquired a new stake in Expro Group during the second quarter worth approximately $183,000. MQS Management LLC acquired a new stake in Expro Group during the third quarter worth approximately $205,000. Transatlantique Private Wealth LLC purchased a new stake in shares of Expro Group during the 2nd quarter worth approximately $214,000. Finally, Algert Global LLC purchased a new position in shares of Expro Group in the 2nd quarter valued at $217,000. 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.