Expro Group (NYSE:XPRO) Trading Up 9% – Time to Buy?

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on XPRO. 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. KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Barclays upped their price objective on Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Piper Sandler lifted their target price on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.33.

Expro Group Price Performance

The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $16.41 and a two-hundred day simple moving average of $15.83. The company has a market cap of $1.88 billion, a PE ratio of 51.97 and a beta of 0.89.

Insiders Place Their Bets

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total value of $93,383.52. Following the completion of the transaction, the director owned 47,648 shares in the company, valued at approximately $721,390.72. This represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expro Group

A number of institutional investors and hedge funds have recently made changes to their positions in XPRO. Jennison Associates LLC acquired a new stake in shares of Expro Group in the fourth quarter valued at about $58,165,000. Price T Rowe Associates Inc. MD increased its holdings in Expro Group by 20.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock valued at $147,264,000 after buying an additional 1,878,245 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in Expro Group in the fourth quarter valued at about $12,263,000. Dimensional Fund Advisors LP lifted its position in shares of Expro Group by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock valued at $103,023,000 after acquiring an additional 533,741 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Expro Group by 70.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,251,514 shares of the company’s stock worth $16,708,000 after acquiring an additional 518,210 shares in the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

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.