The Goldman Sachs Group Upgrades Expro Group (NYSE:XPRO) to “Buy”

Expro Group (NYSE:XPRO) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Thursday, MarketBeat reports.

XPRO has been the subject of several other research reports. Barclays raised their price target 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 target price on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 15th. Weiss Ratings lowered Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, KeyCorp upgraded Expro Group to a “neutral” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.33.

Expro Group Stock Down 0.7%

Shares of NYSE XPRO opened at $15.28 on Thursday. The company has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $15.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76. The company has a market capitalization of $1.73 billion, a P/E ratio of 47.75 and a beta of 0.89. Expro Group has a 1 year low of $8.20 and a 1 year high of $18.73.

Insider Activity

In other news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction 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 owned 47,648 shares in the company, valued at $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expro Group

Several hedge funds have recently modified their holdings of XPRO. KBC Group NV acquired a new position in Expro Group in the first quarter valued at $45,000. Global Retirement Partners LLC purchased a new position in shares of Expro Group in the 4th quarter worth about $51,000. Quadrant Capital Group LLC lifted its stake in shares of Expro Group by 2,978.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after purchasing an additional 3,813 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Expro Group during the 4th quarter worth about $69,000. Finally, Royal Bank of Canada increased its position in Expro Group by 43.8% during the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock worth $71,000 after purchasing an additional 1,222 shares in the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

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.