Expro Group (NYSE:XPRO – Get Rating) had its price objective reduced by equities research analysts at Piper Sandler from $22.50 to $20.00 in a research note issued on Thursday, The Fly reports. Piper Sandler’s target price suggests a potential upside of 56.13% from the company’s current price.
Separately, Zacks Investment Research lowered Expro Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th.
NYSE:XPRO opened at $12.81 on Thursday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -7.54 and a beta of 1.18. Expro Group has a 52-week low of $11.35 and a 52-week high of $24.27. The stock has a fifty day moving average of $16.17 and a 200 day moving average of $15.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.93 and a current ratio of 2.31.
In other news, Director D. Keith Mosing sold 35,000 shares of Expro Group stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $16.00, for a total value of $560,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in XPRO. Strs Ohio purchased a new position in shares of Expro Group in the fourth quarter worth about $154,000. Allspring Global Investments Holdings LLC purchased a new position in Expro Group during the 4th quarter valued at about $148,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Expro Group during the 4th quarter valued at about $29,000. SeaBridge Investment Advisors LLC purchased a new position in Expro Group during the 4th quarter valued at about $430,000. Finally, New York State Common Retirement Fund purchased a new position in Expro Group during the 4th quarter valued at about $308,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.
Expro Group Company Profile (Get Rating)
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 services.
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