Expro Group (NYSE:XPRO) Upgraded at Zacks Research

Zacks Research upgraded shares of Expro Group (NYSE:XPRO) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

XPRO has been the subject of several other reports. Weiss Ratings lowered Expro Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Barclays decreased their target price on Expro Group from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday. Piper Sandler raised their target price on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group set a $19.00 target price on Expro Group in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.33.

Expro Group Stock Performance

NYSE:XPRO opened at $16.48 on Wednesday. Expro Group has a fifty-two week low of $8.31 and a fifty-two week high of $18.73. 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 company has a 50 day moving average price of $15.33 and a 200 day moving average price of $16.03. The stock has a market capitalization of $1.87 billion, a P/E ratio of 51.49 and a beta of 0.90.

Insider Transactions at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of the business’s 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 completion of the transaction, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Expro Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. KBC Group NV purchased a new stake in shares of Expro Group during the first quarter worth approximately $45,000. Global Retirement Partners LLC acquired a new stake in Expro Group in the fourth quarter valued at approximately $51,000. Quadrant Capital Group LLC lifted its stake in Expro Group by 2,978.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after acquiring an additional 3,813 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Expro Group in the fourth quarter worth approximately $69,000. Finally, Royal Bank of Canada grew its holdings in Expro Group by 43.8% during the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock worth $71,000 after acquiring an additional 1,222 shares in the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

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.