Expro Group (NYSE:XPRO) Shares Up 4.6% – Time to Buy?

Expro Group Holdings (NYSE:XPRO) shares rose 4.6% during trading on Tuesday . The stock traded as high as $12.65 and last traded at $12.62. Approximately 623,660 shares traded hands during trading, a decline of 43% from the average daily volume of 1,100,298 shares. The stock had previously closed at $12.06.

Analysts Set New Price Targets

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

Expro Group Price Performance

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 50-day moving average price of $12.96 and a 200 day moving average price of $17.58. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 90.15, a PEG ratio of 1.43 and a beta of 1.00.

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

Insider Buying and Selling

In other news, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was acquired at an average price of $11.39 per share, for a total transaction 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 represents a 35.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Jardon purchased 45,200 shares of Expro Group stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the transaction, the chief executive officer now owns 336,674 shares in the company, valued at approximately $3,673,113.34. This trade 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 company insiders.

Institutional Inflows and Outflows

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