Expro Group Holdings N.V. (NYSE:XPRO) Receives Average Rating of “Hold” from Analysts

Expro Group Holdings N.V. (NYSE:XPRO) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $19.3333.

Several equities research analysts recently weighed in on XPRO shares. KeyCorp raised shares of Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Weiss Ratings downgraded shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research note on Thursday, June 4th. Barclays upped their target price on shares of Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Piper Sandler upped their target price on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 15th.

Insiders Place Their Bets

In related news, Director Eileen Goss Whelley sold 6,168 shares of the company’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 transaction of $93,383.52. Following the sale, the director directly owned 47,648 shares of the company’s stock, valued at $721,390.72. This represents a 11.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expro Group

A number of large investors have recently modified their holdings of the company. Integrated Investment Consultants LLC purchased a new stake in shares of Expro Group in the 1st quarter valued at approximately $352,000. Amundi increased its position in shares of Expro Group by 62.9% in the 1st quarter. Amundi now owns 44,071 shares of the company’s stock valued at $767,000 after purchasing an additional 17,010 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Expro Group by 27.4% in the 1st quarter. California State Teachers Retirement System now owns 125,954 shares of the company’s stock valued at $2,193,000 after purchasing an additional 27,076 shares during the last quarter. Royal Bank of Canada increased its position in shares of Expro Group by 43.8% in the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after purchasing an additional 1,222 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Expro Group by 5.0% in the 1st quarter. Empowered Funds LLC now owns 542,539 shares of the company’s stock valued at $9,446,000 after purchasing an additional 25,914 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Expro Group Stock Performance

Shares of XPRO stock opened at $16.22 on Wednesday. The firm’s 50 day moving average price is $16.41 and its 200-day moving average price is $15.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. Expro Group has a one year low of $8.20 and a one year high of $18.73. The firm has a market cap of $1.84 billion, a P/E ratio of 50.69 and a beta of 0.89.

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.