Expro Group (NYSE:XPRO) Price Target Cut to $20.00 by Analysts at Barclays

Expro Group (NYSE:XPRO) had its price target reduced by stock analysts at Barclays from $23.00 to $20.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 21.85% from the stock’s previous close.

XPRO has been the topic of a number of other reports. 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 report on Thursday, June 4th. Piper Sandler raised their target price on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research report on Thursday, June 4th. Finally, Weiss Ratings cut shares of Expro Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Three 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.33.

Expro Group Stock Performance

Shares of XPRO stock opened at $16.41 on Thursday. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 51.29 and a beta of 0.90. The stock has a 50 day simple moving average of $15.29 and a 200-day simple moving average of $16.00. Expro Group has a 12-month low of $8.24 and a 12-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.

Insiders Place Their Bets

In other news, Director Eileen Goss Whelley sold 6,168 shares of the business’s 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 directly owned 47,648 shares of the company’s stock, valued at $721,390.72. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company’s stock.

Institutional Trading of Expro Group

A number of large investors have recently made changes to their positions in the stock. KBC Group NV purchased a new stake in Expro Group during the 1st quarter worth about $45,000. Global Retirement Partners LLC purchased a new position in Expro Group in the 4th quarter valued at about $51,000. Quadrant Capital Group LLC lifted its holdings in Expro Group by 2,978.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after purchasing an additional 3,813 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Expro Group by 43.8% during the 1st 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 last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Expro Group during the 4th quarter worth about $69,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

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.