Expro Group Holdings N.V. (NYSE:XPRO) Receives Average Rating of “Hold” from Brokerages

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.3333.

Several research firms have weighed in on XPRO. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a report on Thursday, June 4th. Piper Sandler boosted their target price on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th. KeyCorp upgraded shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. Weiss Ratings lowered shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, Freedom Capital upgraded shares of Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th.

Insiders Place Their Bets

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the transaction, the director directly owned 47,648 shares in the company, valued at $721,390.72. The trade was a 11.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Expro Group

Several large investors have recently made changes to their positions in XPRO. Jennison Associates LLC acquired a new position in shares of Expro Group in the 4th quarter worth approximately $58,165,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Expro Group by 20.5% in 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 acquiring an additional 1,878,245 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in shares of Expro Group in the 4th quarter worth approximately $12,263,000. Dimensional Fund Advisors LP lifted 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 worth $103,023,000 after acquiring an additional 533,741 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings 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 worth $16,708,000 after acquiring an additional 518,210 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Stock Down 4.3%

Shares of NYSE XPRO opened at $16.22 on Wednesday. Expro Group has a 12-month low of $8.20 and a 12-month high of $18.73. The stock has a market cap of $1.84 billion, a PE ratio of 50.69 and a beta of 0.89. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $16.41 and a 200 day moving average of $15.83.

Expro Group Company Profile

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.