Expro Group (NYSE:XPRO) Receives “Neutral” Rating from The Goldman Sachs Group

The Goldman Sachs Group reissued their neutral rating on shares of Expro Group (NYSE:XPROFree Report) in a report released on Monday, MarketBeat reports. The brokerage currently has a $23.00 price target on the stock, up from their prior price target of $22.00.

A number of other research analysts have also commented on the stock. Piper Sandler raised their price objective on shares of Expro Group from $26.00 to $29.00 and gave the company an overweight rating in a research note on Monday, May 20th. Barclays upgraded shares of Expro Group from an equal weight rating to an overweight rating and raised their price objective for the company from $18.00 to $27.00 in a research note on Tuesday, May 14th.

View Our Latest Stock Report on XPRO

Expro Group Stock Performance

Shares of XPRO stock opened at $20.67 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.50 and a current ratio of 1.85. Expro Group has a one year low of $14.33 and a one year high of $25.04. The company’s 50-day simple moving average is $20.25 and its 200-day simple moving average is $18.23. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of -114.83 and a beta of 0.98.

Expro Group (NYSE:XPROGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Expro Group had a positive return on equity of 0.76% and a negative net margin of 1.26%. The business had revenue of $383.49 million during the quarter, compared to the consensus estimate of $369.87 million. Equities analysts anticipate that Expro Group will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lisa L. Troe sold 2,820 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $21.13, for a total transaction of $59,586.60. Following the transaction, the director now owns 30,517 shares in the company, valued at approximately $644,824.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Lisa L. Troe sold 2,820 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $21.13, for a total value of $59,586.60. Following the sale, the director now directly owns 30,517 shares of the company’s stock, valued at $644,824.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $22.25, for a total value of $60,117,720.00. Following the completion of the sale, the insider now directly owns 11,873,971 shares in the company, valued at approximately $264,195,854.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,722,240 shares of company stock worth $60,545,857. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Expro Group

A number of hedge funds have recently modified their holdings of XPRO. Federated Hermes Inc. raised its position in Expro Group by 93,847.1% in the fourth quarter. Federated Hermes Inc. now owns 175,681 shares of the company’s stock worth $2,797,000 after purchasing an additional 175,494 shares in the last quarter. Glenorchy Capital Ltd bought a new stake in Expro Group in the fourth quarter valued at $838,000. Capricorn Fund Managers Ltd acquired a new position in Expro Group during the fourth quarter worth $159,000. Versor Investments LP bought a new position in shares of Expro Group during the fourth quarter valued at $315,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Expro Group in the 3rd quarter valued at $2,050,000. Institutional investors own 92.07% of the company’s stock.

Expro Group Company Profile

(Get Free Report)

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 solutions.

Further Reading

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