Expro Group Holdings N.V. (NYSE:XPRO) Given Average Rating of “Hold” by Brokerages

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

XPRO has been the topic of several analyst reports. Piper Sandler lifted their target price on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th. Weiss Ratings downgraded shares of Expro Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group set a $19.00 price objective on Expro Group in a report on Thursday, June 4th. Barclays boosted their target price on Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th.

Expro Group Stock Performance

Expro Group stock traded up $0.62 during trading hours on Friday, reaching $15.46. 1,206,338 shares of the stock were exchanged, compared to its average volume of 1,283,177. The stock has a market cap of $1.75 billion, a P/E ratio of 48.30 and a beta of 0.90. 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 52-week low of $8.24 and a 52-week high of $18.73. The firm’s 50 day moving average is $15.37 and its 200 day moving average is $15.93.

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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC purchased 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 position in Expro Group by 20.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock worth $147,264,000 after buying an additional 1,878,245 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Expro Group in the fourth quarter valued at $12,263,000. Dimensional Fund Advisors LP lifted its position in shares of Expro Group by 9.9% in the first 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 in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Expro Group by 70.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,251,514 shares of the company’s stock valued at $16,708,000 after purchasing an additional 518,210 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

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.