Expro Group (NYSE:XPRO) Shares Down 5% – Here’s What Happened

Expro Group Holdings (NYSE:XPRO) traded down 5% on Tuesday . The company traded as low as $10.01 and last traded at $10.28. 524,742 shares traded hands during trading, a decline of 51% from the average session volume of 1,077,544 shares. The stock had previously closed at $10.82.

Analysts Set New Price Targets

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

Expro Group Price Performance

The company has a 50 day moving average of $13.13 and a two-hundred day moving average of $14.78. The firm has a market cap of $1.18 billion, a P/E ratio of 72.26, a PEG ratio of 1.28 and a beta of 0.99. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

Insider Activity

In related news, Director Robert Wayne Drummond, Jr. acquired 18,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 69,181 shares of the company’s stock, valued at approximately $787,971.59. The trade was a 35.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Jardon purchased 45,200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $10.91 per share, with a total value of $493,132.00. Following the transaction, the chief executive officer now directly owns 336,674 shares in the company, valued at $3,673,113.34. This trade 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 Inflows and Outflows

Several large investors have recently added to or reduced their stakes in XPRO. T. Rowe Price Investment Management Inc. raised its holdings in shares of Expro Group by 27.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company’s stock worth $138,736,000 after acquiring an additional 2,426,258 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Expro Group by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company’s stock valued at $127,646,000 after buying an additional 260,914 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Expro Group by 18.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company’s stock valued at $59,283,000 after buying an additional 728,836 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Expro Group by 11.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,376,250 shares of the company’s stock valued at $54,573,000 after buying an additional 436,411 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Expro Group by 32.3% in the fourth quarter. American Century Companies Inc. now owns 4,206,985 shares of the company’s stock worth $52,461,000 after buying an additional 1,027,825 shares during the last quarter. 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.