Expro Group Holdings N.V. (NYSE:XPRO) Receives $19.33 Average PT from Analysts

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on 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.

Several analysts have recently issued reports on XPRO shares. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research report on Thursday, June 4th. Freedom Capital upgraded 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 “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. KeyCorp upgraded Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Finally, Barclays increased their target price on Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 8th.

Expro Group Stock Performance

NYSE XPRO opened at $16.47 on Wednesday. The stock has a 50-day simple moving average of $16.37 and a two-hundred day simple moving average of $15.88. The firm has a market capitalization of $1.87 billion, a P/E ratio of 51.46 and a beta of 0.89. Expro Group has a fifty-two week low of $8.20 and a fifty-two week high of $18.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13.

Insider Activity at Expro Group

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 stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the completion of the transaction, the director owned 47,648 shares of the company’s stock, valued at $721,390.72. This represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE lifted its stake in Expro Group by 8.6% during the third quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after purchasing an additional 799 shares in the last quarter. Wells Fargo & Company MN increased its stake in Expro Group by 0.3% during 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 lifted its position in shares of Expro Group by 5.9% during the third quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock worth $206,000 after purchasing an additional 954 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Expro Group by 43.8% during 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 in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Expro Group by 3.1% in the fourth quarter. Jane Street Group LLC now owns 48,691 shares of the company’s stock valued at $650,000 after purchasing an additional 1,446 shares during the period. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

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.