Expro Group (NYSE:XPRO) Price Target Raised to $28.00

Expro Group (NYSE:XPRO) had its price objective hoisted by Barclays from $27.00 to $28.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms also recently weighed in on XPRO. Piper Sandler lifted their target price on shares of Expro Group from $26.00 to $29.00 and gave the company an overweight rating in a report on Monday, May 20th. The Goldman Sachs Group reaffirmed a neutral rating and issued a $23.00 price objective (up from $22.00) on shares of Expro Group in a research note on Monday, June 3rd.

Expro Group Trading Down 7.7 %

NYSE XPRO opened at $20.40 on Wednesday. Expro Group has a 12 month low of $14.33 and a 12 month high of $25.04. The stock has a market capitalization of $2.47 billion, a P/E ratio of -113.33, a PEG ratio of 2.39 and a beta of 1.02. The firm’s 50-day moving average is $22.29 and its two-hundred day moving average is $20.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.90 and a quick ratio of 1.56.

Insider Buying and Selling at Expro Group

In other news, CFO Quinn P. Fanning sold 17,500 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $21.06, for a total transaction of $368,550.00. Following the sale, the chief financial officer now owns 92,889 shares of the company’s stock, valued at $1,956,242.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Quinn P. Fanning sold 17,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $21.06, for a total transaction of $368,550.00. Following the completion of the transaction, the chief financial officer now directly owns 92,889 shares of the company’s stock, valued at $1,956,242.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lisa L. Troe sold 2,820 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $21.13, for a total transaction of $59,586.60. Following the completion of the sale, the director now directly owns 30,517 shares in the company, valued at approximately $644,824.21. The disclosure for this sale can be found here. Insiders sold 2,737,240 shares of company stock valued at $60,891,007 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Expro Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Expro Group by 58.0% during the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock worth $29,000 after purchasing an additional 533 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Expro Group in the 1st quarter valued at $141,000. nVerses Capital LLC acquired a new stake in Expro Group during the 2nd quarter worth $183,000. Paloma Partners Management Co purchased a new stake in Expro Group in the first quarter valued at $239,000. Finally, Spire Wealth Management boosted its stake in Expro Group by 5,805.6% in the second quarter. Spire Wealth Management now owns 14,764 shares of the company’s stock valued at $338,000 after acquiring an additional 14,514 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

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.