Barclays Issues Pessimistic Forecast for Expro Group (NYSE:XPRO) Stock Price

Expro Group (NYSE:XPRO) had its target price reduced by research analysts at Barclays from $14.00 to $12.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 46.79% from the company’s current price.

Separately, The Goldman Sachs Group decreased their target price on shares of Expro Group from $17.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th.

Expro Group Price Performance

Shares of Expro Group stock opened at $8.18 on Wednesday. The stock’s fifty day moving average is $9.10 and its 200 day moving average is $11.73. Expro Group has a one year low of $6.70 and a one year high of $24.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. The stock has a market cap of $943.32 million, a P/E ratio of 58.40, a P/E/G ratio of 1.28 and a beta of 1.17.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in shares of Expro Group in the fourth quarter worth $27,000. Sterling Capital Management LLC boosted its holdings in shares of Expro Group by 824.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock valued at $38,000 after purchasing an additional 2,705 shares during the last quarter. US Bancorp DE grew its position in shares of Expro Group by 56.0% during the fourth quarter. US Bancorp DE now owns 4,171 shares of the company’s stock valued at $52,000 after purchasing an additional 1,497 shares in the last quarter. KBC Group NV boosted its stake in Expro Group by 75.3% during the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after buying an additional 2,563 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in Expro Group during the 1st quarter valued at approximately $87,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.