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

Expro Group Holdings N.V. (NYSE:XPRO) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.3333.

A number of equities analysts have issued reports on XPRO shares. The Goldman Sachs Group set a $19.00 target price on Expro Group in a research report on Thursday, June 4th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings lowered shares of Expro Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Piper Sandler upped their price target 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. Finally, Barclays increased their price objective on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 8th.

Insider Activity

In other news, Director Eileen Goss Whelley sold 6,168 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the transaction, the director owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in XPRO. US Bancorp DE increased its holdings in shares of Expro Group by 8.6% in the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after acquiring an additional 799 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Expro Group by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock worth $4,429,000 after purchasing an additional 945 shares during the period. Focus Partners Wealth increased its stake in Expro Group by 5.9% during the third quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock valued at $206,000 after purchasing an additional 954 shares during the last quarter. Royal Bank of Canada increased its stake in Expro Group by 43.8% during the first 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, Jane Street Group LLC raised its holdings in shares of Expro Group by 3.1% during the fourth quarter. Jane Street Group LLC now owns 48,691 shares of the company’s stock worth $650,000 after purchasing an additional 1,446 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Stock Down 0.2%

Shares of NYSE XPRO opened at $14.35 on Friday. 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 1 year low of $8.24 and a 1 year high of $18.73. The stock’s 50-day simple moving average is $15.67 and its 200-day simple moving average is $15.87. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 44.83 and a beta of 0.90.

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.