Barclays Has Lowered Expectations for Expro Group (NYSE:XPRO) Stock Price

Expro Group (NYSE:XPRO) had its price target trimmed by Barclays from $17.00 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Separately, The Goldman Sachs Group began coverage on Expro Group in a report on Friday, December 13th. They issued a “neutral” rating and a $18.00 price target for the company.

Expro Group Stock Performance

Shares of XPRO opened at $10.21 on Wednesday. The business’s 50 day moving average is $13.07 and its two-hundred day moving average is $14.67. Expro Group has a 52-week low of $9.85 and a 52-week high of $24.50. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 72.91, a PEG ratio of 1.28 and a beta of 0.99. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

Insider Buying and Selling

In other Expro Group news, CEO Michael Jardon purchased 45,200 shares of the stock in a transaction dated Tuesday, December 17th. The shares were bought at an average cost of $10.91 per share, with a total value of $493,132.00. Following the completion of the acquisition, the chief executive officer now owns 336,674 shares of the company’s stock, valued at approximately $3,673,113.34. This trade represents a 15.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the acquisition, the director now directly owns 69,181 shares of the company’s stock, valued at approximately $787,971.59. This trade represents a 35.17 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Expro Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its position in Expro Group by 27.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company’s stock worth $138,736,000 after acquiring an additional 2,426,258 shares during the period. Vanguard Group Inc. boosted its position in Expro Group by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company’s stock worth $127,646,000 after acquiring an additional 260,914 shares during the period. Dimensional Fund Advisors LP boosted its position in Expro Group by 18.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company’s stock worth $59,283,000 after acquiring an additional 728,836 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Expro Group by 11.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,376,250 shares of the company’s stock worth $54,573,000 after acquiring an additional 436,411 shares during the period. Finally, American Century Companies Inc. boosted its position in Expro Group by 32.3% during the 4th quarter. American Century Companies Inc. now owns 4,206,985 shares of the company’s stock worth $52,461,000 after acquiring an additional 1,027,825 shares during the period. 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.