Expro Group (NYSE:XPRO) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Expro Group (NYSE:XPRO) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

A number of other research analysts have also weighed in on XPRO. The Goldman Sachs Group set a $19.00 target price on Expro Group in a report on Thursday, June 4th. Barclays cut their price objective on shares of Expro Group from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday. Piper Sandler boosted their price objective on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.33.

Expro Group Price Performance

Shares of NYSE XPRO opened at $16.68 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. Expro Group has a fifty-two week low of $8.28 and a fifty-two week high of $18.73. The stock has a market cap of $1.89 billion, a PE ratio of 52.13 and a beta of 0.90. The stock has a fifty day moving average of $15.31 and a 200-day moving average of $16.03.

Insider Activity

In other news, Director Eileen Goss Whelley sold 6,168 shares of the business’s stock in a transaction dated 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 approximately $721,390.72. The trade was a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Expro Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE raised its position in shares of Expro Group by 8.6% during the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after buying an additional 799 shares in the last quarter. Wells Fargo & Company MN increased its stake in Expro Group by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock valued at $4,429,000 after acquiring an additional 945 shares during the last quarter. Focus Partners Wealth increased its stake in Expro Group by 5.9% in the third quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock valued at $206,000 after acquiring an additional 954 shares during the last quarter. Royal Bank of Canada raised its position in Expro Group by 43.8% during the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Expro Group by 3.1% during 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 in the last quarter. Hedge funds and other institutional investors 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.