Expro Group Holdings (NYSE:XPRO) CTO Steven J. Russell Sells 15,000 Shares of Stock

Expro Group Holdings (NYSE:XPRO) CTO Steven J. Russell sold 15,000 shares of Expro Group stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $23.01, for a total transaction of $345,150.00. Following the completion of the transaction, the chief technology officer now owns 84,873 shares of the company’s stock, valued at approximately $1,952,927.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Expro Group Trading Down 0.6 %

NYSE XPRO opened at $23.55 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $20.83 and a two-hundred day moving average of $18.91. The stock has a market capitalization of $2.60 billion, a PE ratio of -130.83 and a beta of 0.98. Expro Group Holdings has a 52 week low of $14.33 and a 52 week high of $25.04.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. The business had revenue of $383.49 million during the quarter, compared to analyst estimates of $369.87 million. As a group, research analysts expect that Expro Group Holdings will post 0.84 EPS for the current fiscal year.

Institutional Trading of Expro Group

Several institutional investors and hedge funds have recently made changes to their positions in XPRO. GAMMA Investing LLC increased its position in Expro Group by 58.0% during the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock worth $29,000 after buying an additional 533 shares during the period. SG Americas Securities LLC purchased a new stake in Expro Group in the 1st quarter valued at $141,000. Seven Eight Capital LP acquired a new stake in Expro Group during the 3rd quarter worth $223,000. Capricorn Fund Managers Ltd purchased a new position in Expro Group during the 4th quarter worth $159,000. Finally, Paloma Partners Management Co acquired a new position in Expro Group in the first quarter valued at $239,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XPRO has been the subject of several recent research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 price target (up previously from $22.00) on shares of Expro Group in a research report on Monday, June 3rd. Barclays upgraded Expro Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $18.00 to $27.00 in a report on Tuesday, May 14th. Finally, Piper Sandler upped their price target on Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, May 20th.

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.