Expro Group (NYSE:XPRO) Price Target Cut to $17.00

Expro Group (NYSE:XPRO) had its price objective cut by stock analysts at Barclays from $23.00 to $17.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 5.59% from the stock’s current price.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. started coverage on Expro Group in a research report on Wednesday, September 13th. They issued an “overweight” rating and a $30.00 price objective for the company. Piper Sandler increased their price objective on Expro Group from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st.

Expro Group Price Performance

XPRO stock opened at $16.10 on Thursday. The firm has a market capitalization of $1.78 billion, a PE ratio of 1,611.61 and a beta of 1.08. Expro Group has a 1 year low of $14.61 and a 1 year high of $25.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 1.69. The business has a 50 day simple moving average of $21.82 and a 200-day simple moving average of $20.30.

Insiders Place Their Bets

In other Expro Group news, Director Robert Wayne Drummond, Jr. sold 13,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $24.19, for a total transaction of $314,470.00. Following the transaction, the director now directly owns 43,433 shares in the company, valued at $1,050,644.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael C. Kearney sold 5,735 shares of Expro Group stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $24.44, for a total value of $140,163.40. Following the completion of the transaction, the director now directly owns 45,633 shares in the company, valued at $1,115,270.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Wayne Drummond, Jr. sold 13,000 shares of Expro Group stock in a transaction on Friday, September 15th. The shares were sold at an average price of $24.19, for a total value of $314,470.00. Following the completion of the transaction, the director now owns 43,433 shares of the company’s stock, valued at $1,050,644.27. The disclosure for this sale can be found here. Insiders have sold 3,021,335 shares of company stock worth $69,366,617 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ahrens Investment Partners LLC purchased a new position in Expro Group in the first quarter valued at $28,000. US Bancorp DE lifted its holdings in Expro Group by 166.0% during the 2nd quarter. US Bancorp DE now owns 2,181 shares of the company’s stock worth $39,000 after buying an additional 1,361 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in Expro Group during the 3rd quarter worth about $43,000. Allspring Global Investments Holdings LLC lifted its holdings in Expro Group by 612.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,952 shares of the company’s stock worth $45,000 after buying an additional 1,678 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Expro Group by 23.2% during the 3rd quarter. Royal Bank of Canada now owns 3,718 shares of the company’s stock worth $47,000 after buying an additional 700 shares during the last quarter. 83.29% of the stock is currently owned by hedge funds and other institutional investors.

Expro Group Company Profile

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.