Expro Group (NYSE:XPRO) Stock Rating Upgraded by Zacks Research

Expro Group (NYSE:XPRO) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other brokerages also recently weighed in on XPRO. The Goldman Sachs Group set a $19.00 price target on shares of Expro Group in a report on Thursday, June 4th. 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 “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. 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 research note on Wednesday, April 15th. Finally, Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.33.

Expro Group Trading Up 1.5%

Shares of NYSE:XPRO opened at $16.68 on Wednesday. The stock has a 50 day moving average of $15.31 and a 200 day moving average of $16.03. The company has a market cap of $1.89 billion, a PE ratio of 52.13 and a beta of 0.90. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. Expro Group has a 12-month low of $8.28 and a 12-month high of $18.73.

Insiders Place Their Bets

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the 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 completion of the sale, the director directly owned 47,648 shares of the company’s stock, valued at $721,390.72. This trade represents a 11.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Expro Group

Several hedge funds have recently modified their holdings of XPRO. Jennison Associates LLC bought a new position in shares of Expro Group during the fourth quarter worth $58,165,000. Price T Rowe Associates Inc. MD increased its holdings in Expro Group by 20.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock valued at $147,264,000 after acquiring an additional 1,878,245 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in Expro Group in the 4th quarter worth $12,263,000. Dimensional Fund Advisors LP lifted its stake in Expro Group by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after purchasing an additional 533,741 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Expro Group by 70.7% during 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. Hedge funds and other institutional investors 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.