Expro Group (NYSE:XPRO) Stock Price Down 6.3% – Here’s Why

Expro Group Holdings N.V. (NYSE:XPRO) traded down 6.3% during trading on Wednesday . The company traded as low as $14.78 and last traded at $14.4760. 518,669 shares were traded during trading, a decline of 53% from the average session volume of 1,107,081 shares. The stock had previously closed at $15.45.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings lowered Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. KeyCorp upgraded Expro Group to a “neutral” rating in a research report on Thursday, June 4th. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research report on Thursday, June 4th. Finally, Barclays increased their target price on shares of Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Expro Group presently has a consensus rating of “Hold” and a consensus price target of $19.33.

Expro Group Stock 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 firm has a 50-day simple moving average of $16.33 and a two-hundred day simple moving average of $15.92. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 44.95 and a beta of 0.89.

Insider Buying and Selling

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the business’s stock in a transaction that occurred 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. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 owned by corporate insiders.

Institutional Trading of Expro Group

Several large investors have recently added to or reduced their stakes in XPRO. KBC Group NV bought a new stake in Expro Group in the first quarter worth approximately $45,000. Global Retirement Partners LLC acquired a new stake in shares of Expro Group in the fourth quarter worth about $51,000. Quadrant Capital Group LLC lifted its position in shares of Expro Group by 2,978.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after buying an additional 3,813 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Expro Group in the fourth quarter worth about $69,000. Finally, Royal Bank of Canada lifted its position in shares of Expro Group by 43.8% in the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock worth $71,000 after buying an additional 1,222 shares during the last quarter. 92.07% of the stock is owned by institutional investors.

About Expro Group

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.