Barclays Has Lowered Expectations for Expro Group (NYSE:XPRO) Stock Price

Expro Group (NYSE:XPRO) had its price objective decreased by equities researchers at Barclays from $23.00 to $20.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 21.39% from the stock’s previous close.

A number of other equities analysts have also weighed in on XPRO. Piper Sandler lifted their price target on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th. The Goldman Sachs Group set a $19.00 target price on Expro Group in a research report on Thursday, June 4th. KeyCorp upgraded Expro Group to a “neutral” rating in a report on Thursday, June 4th. Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings downgraded Expro Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.33.

Expro Group Price Performance

Shares of NYSE:XPRO opened at $16.48 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. The business’s fifty day moving average price is $15.33 and its two-hundred day moving average price is $16.03. The stock has a market cap of $1.87 billion, a PE ratio of 51.49 and a beta of 0.90. Expro Group has a one year low of $8.31 and a one year high of $18.73.

Insider Buying and Selling at Expro Group

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the sale, the director owned 47,648 shares of the company’s stock, valued at $721,390.72. The trade was a 11.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expro Group

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in shares of Expro Group by 47.3% in the first quarter. AQR Capital Management LLC now owns 161,099 shares of the company’s stock worth $1,601,000 after acquiring an additional 51,727 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Expro Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company’s stock valued at $559,000 after purchasing an additional 2,463 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Expro Group by 47.8% during the first quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock valued at $8,982,000 after purchasing an additional 292,198 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Expro Group by 17.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 282,788 shares of the company’s stock valued at $2,811,000 after purchasing an additional 42,203 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Expro Group by 732.6% in the first quarter. Jane Street Group LLC now owns 421,163 shares of the company’s stock valued at $4,186,000 after purchasing an additional 370,579 shares in the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Expro Group Company Profile

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.