Houston, Texas—Robert Wayne Jr., a director at Expro Group Holdings N.V. (NYSE:XPRO), recently acquired a significant number of shares in the company. According to a recent SEC filing, Mr. Wayne purchased 18,000 shares of common stock on December 16, 2024. The shares were acquired at a weighted average price of $11.39, resulting in a total transaction value of approximately $205,020. The purchase comes as XPRO shares trade near their 52-week low, having declined about 48% over the past six months.
The shares were bought in multiple transactions with prices ranging from $11.30 to $11.51. Following this acquisition, Mr. Wayne's direct ownership in Expro Group Holdings amounts to 69,181 shares, which includes 7,748 restricted stock units scheduled to vest on June 1, 2025. According to InvestingPro analysis, XPRO currently appears undervalued relative to its Fair Value estimate.
This transaction underscores Mr. Wayne's ongoing involvement and investment in Expro Group Holdings, a company specializing in oil and gas field services. For deeper insights into XPRO's valuation and 11 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
"In other recent news, Expro Group Holdings N.V. has reported a 14% increase in its Q3 revenue, reaching $423 million. This development accompanies the company's revised full-year revenue guidance, which is now anticipated to fall between $1.72 billion and $1.75 billion. Furthermore, Expro has secured $354 million in new contracts, maintaining a backlog of approximately $2.3 billion. Goldman Sachs (NYSE:GS) recently initiated a neutral stance on Expro Group, suggesting a potential re-rating of the company's shares if market estimates align more closely with their own. In addition, Expro has extended its stock repurchase program through 2025, with approximately $90 million remaining available for stock repurchases under this program. The company is also actively pursuing mergers and acquisitions to enhance customer relevance and is planning a comprehensive review of internal processes to drive margin expansion. These are among the recent developments that reflect Expro's strategic focus on cost-effective solutions and market expansion."
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