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

Expro Group Holdings (NYSE:XPRO) shares gapped up prior to trading on Tuesday . The stock had previously closed at $13.02, but opened at $13.90. Expro Group shares last traded at $13.92, with a volume of 204,775 shares.

Analysts Set New Price Targets

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

Expro Group Stock Up 2.4 %

The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.57 billion, a PE ratio of 95.69, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99. The business’s 50-day moving average price is $13.09 and its 200-day moving average price is $15.07.

Insiders Place Their Bets

In other news, CEO Michael Jardon purchased 45,200 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the completion of the acquisition, the chief executive officer now directly owns 336,674 shares of the company’s stock, valued at approximately $3,673,113.34. The trade was a 15.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Wayne Drummond, Jr. acquired 18,000 shares of the company’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 completion of the purchase, the director now directly owns 69,181 shares of the company’s stock, valued at $787,971.59. This trade represents a 35.17 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Institutional Trading of Expro Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Emerald Mutual Fund Advisers Trust raised its stake in shares of Expro Group by 64.7% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 739,080 shares of the company’s stock valued at $12,690,000 after purchasing an additional 290,212 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Expro Group by 566.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 143,221 shares of the company’s stock worth $2,459,000 after buying an additional 121,723 shares during the period. Emerald Advisers LLC boosted its stake in Expro Group by 55.0% in the 3rd quarter. Emerald Advisers LLC now owns 907,451 shares of the company’s stock valued at $15,581,000 after buying an additional 321,873 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Expro Group by 13.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 96,996 shares of the company’s stock valued at $1,665,000 after acquiring an additional 11,210 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Expro Group during the third quarter worth $235,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

About Expro Group

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.