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

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

XPRO has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Piper Sandler boosted their price objective on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, April 15th. KeyCorp raised shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Weiss Ratings lowered shares of Expro Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd.

Expro Group Trading Up 0.6%

Shares of Expro Group stock opened at $14.82 on Friday. Expro Group has a 1 year low of $8.24 and a 1 year high of $18.73. The company’s fifty day simple moving average is $15.42 and its 200-day simple moving average is $15.93. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 46.33 and a beta of 0.90. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06.

Insiders Place Their Bets

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company’s stock.

Institutional Trading of Expro Group

Several institutional investors have recently bought and sold shares of XPRO. Jennison Associates LLC bought a new position in shares of Expro Group during the fourth quarter valued at $58,165,000. Insight Wealth Strategies LLC bought a new stake in shares of Expro Group in the 4th quarter worth about $3,571,000. Dockside LLC bought a new stake in shares of Expro Group in the 4th quarter worth about $1,640,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Expro Group during the 4th quarter worth about $690,000. Finally, Connable Office Inc. acquired a new stake in shares of Expro Group during the 4th quarter worth about $440,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

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.