Expro Group Holdings (NYSE:XPRO – Get Rating) major shareholder Hill Advisors Lp Oak sold 9,200,000 shares of the firm's stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $16.50, for a total value of $151,800,000.00. Following the sale, the insider now directly owns 19,895,891 shares of the company's stock, valued at $328,282,201.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Expro Group Stock Up 2.4 %
Shares of XPRO stock opened at $18.46 on Friday. The stock's 50 day simple moving average is $17.31 and its 200 day simple moving average is $14.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.07. Expro Group Holdings has a twelve month low of $8.82 and a twelve month high of $19.68. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -16.19 and a beta of 1.19.
Get Expro Group alerts:Expro Group (NYSE:XPRO – Get Rating) last released its earnings results on Thursday, November 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.20). The business had revenue of $334.35 million during the quarter, compared to analyst estimates of $336.00 million. Expro Group had a negative net margin of 10.15% and a negative return on equity of 0.91%. As a group, research analysts predict that Expro Group Holdings will post -0.09 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Piper Sandler raised their price objective on Expro Group from $20.00 to $22.00 and gave the company an "overweight" rating in a research note on Tuesday, December 20th. Barclays raised their price objective on Expro Group from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 8th.Institutional Trading of Expro Group
Several institutional investors have recently bought and sold shares of the stock. Ensign Peak Advisors Inc bought a new position in Expro Group in the 3rd quarter valued at $43,000. Royal Bank of Canada raised its position in Expro Group by 23.2% in the 3rd quarter. Royal Bank of Canada now owns 3,718 shares of the company's stock valued at $47,000 after purchasing an additional 700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Expro Group in the 2nd quarter valued at $129,000. Profund Advisors LLC bought a new stake in shares of Expro Group during the third quarter worth $163,000. Finally, Transatlantique Private Wealth LLC bought a new stake in shares of Expro Group during the second quarter worth $190,000. Institutional investors and hedge funds own 88.06% of the company's stock.
About Expro Group
(Get Rating)
Expro Group Holdings NV engages in the provision of energy services. Its products and services include well construction, well flow management, well intervention and integrity, and subsea well access. The company was founded in 1938 and is headquartered in Houston, TX.
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