The Goldman Sachs Group Has Lowered Expectations for Expro Group (NYSE:XPRO) Stock Price

Expro Group (NYSE:XPRO) had its price target decreased by analysts at The Goldman Sachs Group from $17.00 to $12.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 50.66% from the company’s previous close.

Separately, Barclays reduced their target price on shares of Expro Group from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th.

Expro Group Stock Up 3.4 %

Shares of NYSE:XPRO opened at $7.97 on Thursday. Expro Group has a 1-year low of $6.70 and a 1-year high of $24.50. The stock has a market cap of $926.95 million, a P/E ratio of 56.90, a P/E/G ratio of 1.28 and a beta of 0.98. The firm has a fifty day moving average price of $10.91 and a 200 day moving average price of $12.87. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Expro Group by 27.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company’s stock valued at $138,736,000 after purchasing an additional 2,426,258 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Expro Group by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company’s stock worth $127,646,000 after buying an additional 260,914 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Expro Group by 18.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company’s stock valued at $59,283,000 after buying an additional 728,836 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Expro Group by 11.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,376,250 shares of the company’s stock worth $54,573,000 after acquiring an additional 436,411 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Expro Group by 32.3% in the 4th quarter. American Century Companies Inc. now owns 4,206,985 shares of the company’s stock worth $52,461,000 after acquiring an additional 1,027,825 shares during the period. Hedge funds and other institutional investors own 92.07% of the company’s stock.

About Expro Group

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.