Barclays Cuts Expro Group (NYSE:XPRO) Price Target to $20.00

Expro Group (NYSE:XPRO) had its target price reduced by Barclays from $23.00 to $20.00 in a research note issued to investors on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

XPRO has been the subject of several other research 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 shares of Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Weiss Ratings cut shares of Expro Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group set a $19.00 price target on shares of Expro Group in a research note on Thursday, June 4th. Finally, Piper Sandler boosted their price target on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.33.

Expro Group Trading Down 1.5%

XPRO opened at $16.48 on Thursday. The business has a fifty day moving average price of $15.33 and a 200 day moving average price of $16.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76. Expro Group has a 12 month low of $8.31 and a 12 month high of $18.73. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 51.49 and a beta of 0.90.

Insiders Place Their Bets

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the firm’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 sale, the director directly owned 47,648 shares in the company, valued at $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expro Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jennison Associates LLC acquired a new stake in Expro Group during the fourth quarter worth approximately $58,165,000. Price T Rowe Associates Inc. MD lifted its position in shares of Expro Group by 20.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock worth $147,264,000 after buying an additional 1,878,245 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Expro Group during the 4th quarter worth approximately $12,263,000. Dimensional Fund Advisors LP boosted its holdings in shares of Expro Group by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock valued at $103,023,000 after buying an additional 533,741 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Expro Group by 70.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,251,514 shares of the company’s stock valued at $16,708,000 after buying an additional 518,210 shares during the last quarter. Institutional investors and hedge funds 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.