Expro Group (NYSE:XPRO) Coverage Initiated at Piper Sandler

Investment analysts at Piper Sandler started coverage on shares of Expro Group (NYSE:XPRO) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $10.00 price target on the stock. Piper Sandler’s price target points to a potential upside of 20.99% from the company’s previous close.

A number of other brokerages also recently issued reports on XPRO. The Goldman Sachs Group lowered their price target on Expro Group from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Barclays lowered their price target on Expro Group from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company began coverage on Expro Group in a research report on Tuesday, May 27th. They issued an “overweight” rating and a $12.00 price target for the company.

Expro Group Trading Down 2.9%

XPRO stock opened at $8.27 on Tuesday. Expro Group has a 1-year low of $6.70 and a 1-year high of $24.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.11 and a quick ratio of 1.74. The company has a market capitalization of $953.70 million, a price-to-earnings ratio of 14.25 and a beta of 1.17. The business has a 50 day simple moving average of $8.77 and a two-hundred day simple moving average of $10.31.

Hedge Funds Weigh In On Expro Group

Several institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC grew its stake in Expro Group by 824.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock valued at $38,000 after purchasing an additional 2,705 shares during the last quarter. US Bancorp DE grew its stake in Expro Group by 56.0% in the fourth quarter. US Bancorp DE now owns 4,171 shares of the company’s stock valued at $52,000 after purchasing an additional 1,497 shares during the last quarter. Fifth Third Bancorp purchased a new position in Expro Group in the first quarter valued at about $87,000. Pallas Capital Advisors LLC purchased a new position in Expro Group in the second quarter valued at about $90,000. Finally, Brighton Jones LLC purchased a new position in Expro Group in the first quarter valued at about $103,000. 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.