Expro Group (NYSE:XPRO) Trading Down 6.2% – Should You Sell?

Expro Group Holdings (NYSE:XPRO) shares were down 6.2% during mid-day trading on Tuesday . The company traded as low as $12.97 and last traded at $12.92. Approximately 538,193 shares changed hands during trading, a decline of 55% from the average daily volume of 1,204,600 shares. The stock had previously closed at $13.77.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on XPRO shares. The Goldman Sachs Group assumed coverage on shares of Expro Group in a report on Friday, December 13th. They set a “neutral” rating and a $18.00 price target for the company. Barclays dropped their price target on shares of 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 Stock Down 1.4 %

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 firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 91.47, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01. The firm has a 50 day moving average price of $13.00 and a two-hundred day moving average price of $16.26.

Insider Buying and Selling at Expro Group

In related news, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the acquisition, the director now owns 69,181 shares in the company, valued at $787,971.59. This represents a 35.17 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 price of $10.91 per share, with a total value of $493,132.00. Following the acquisition, the chief executive officer now 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. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expro Group

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers raised its stake in shares of Expro Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 153,159 shares of the company’s stock valued at $1,910,000 after purchasing an additional 2,477 shares in the last quarter. Legato Capital Management LLC raised its stake in Expro Group by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 44,301 shares of the company’s stock valued at $552,000 after buying an additional 3,610 shares in the last quarter. Entropy Technologies LP bought a new position in Expro Group during the 4th quarter worth approximately $173,000. R Squared Ltd acquired a new position in shares of Expro Group in the 4th quarter worth approximately $27,000. Finally, KBC Group NV increased its holdings in shares of Expro Group by 75.3% in 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 last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

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.