Expro Group (NYSE:XPRO) Trading 9% Higher – Here’s What Happened

Expro Group Holdings N.V. (NYSE:XPRO) shares traded up 9% on Monday . The company traded as high as $16.78 and last traded at $16.7650. 329,100 shares were traded during trading, a decline of 70% from the average session volume of 1,111,831 shares. The stock had previously closed at $15.38.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research report on Thursday. Weiss Ratings downgraded shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Barclays upped their target price on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, KeyCorp raised shares of Expro Group to a “neutral” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.33.

Expro Group Trading Up 10.3%

The stock’s 50 day moving average price is $16.46 and its 200-day moving average price is $15.79. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.92 billion, a PE ratio of 53.04 and a beta of 0.89.

Insider Activity

In other news, Director Eileen Goss Whelley sold 6,168 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the completion of the sale, the director directly owned 47,648 shares of the company’s stock, valued at $721,390.72. This represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Expro Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Investment Consultants LLC purchased a new stake in shares of Expro Group in the first quarter worth $352,000. Amundi increased its stake in shares of Expro Group by 62.9% in the first quarter. Amundi now owns 44,071 shares of the company’s stock worth $767,000 after purchasing an additional 17,010 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Expro Group by 27.4% during the first quarter. California State Teachers Retirement System now owns 125,954 shares of the company’s stock worth $2,193,000 after acquiring an additional 27,076 shares during the last quarter. Royal Bank of Canada grew its stake in Expro Group by 43.8% during the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after acquiring an additional 1,222 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in Expro Group by 5.0% during the first quarter. Empowered Funds LLC now owns 542,539 shares of the company’s stock valued at $9,446,000 after acquiring an additional 25,914 shares in the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Expro Group Company Profile

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.