Expro Group (NYSE:XPRO) Upgraded to “Buy” at The Goldman Sachs Group

Expro Group (NYSE:XPRO) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat reports.

A number of other equities analysts have also recently weighed in on XPRO. Barclays upped their price objective on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Piper Sandler lifted their target price on Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 15th. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. KeyCorp upgraded Expro Group to a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings downgraded Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Expro Group presently has an average rating of “Hold” and an average target price of $19.33.

Expro Group Price Performance

Shares of XPRO stock opened at $15.28 on Thursday. The firm has a fifty day simple moving average of $16.55 and a 200-day simple moving average of $15.76. The company has a market capitalization of $1.73 billion, a PE ratio of 47.75 and a beta of 0.89. Expro Group has a twelve month low of $8.20 and a twelve month high of $18.73. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06.

Insider Activity at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction dated 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 directly owned 47,648 shares in the company, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Integrated Investment Consultants LLC bought a new stake in shares of Expro Group in the 1st quarter valued at approximately $352,000. Amundi lifted its stake in Expro Group by 62.9% during the first quarter. Amundi now owns 44,071 shares of the company’s stock worth $767,000 after purchasing an additional 17,010 shares during the last quarter. California State Teachers Retirement System lifted its stake in Expro Group by 27.4% during the first quarter. California State Teachers Retirement System now owns 125,954 shares of the company’s stock worth $2,193,000 after purchasing an additional 27,076 shares during the last quarter. Royal Bank of Canada boosted its holdings in 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 purchasing an additional 1,222 shares during the period. Finally, Empowered Funds LLC boosted its holdings in Expro Group by 5.0% in the first quarter. Empowered Funds LLC now owns 542,539 shares of the company’s stock worth $9,446,000 after purchasing an additional 25,914 shares during the period. Institutional investors own 92.07% of the company’s stock.

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.