Expro Group Holdings N.V. (NYSE:XPRO) Receives $19.33 Consensus PT from Analysts

Shares of Expro Group Holdings N.V. (NYSE:XPRO) have been given an average rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $19.3333.

Several analysts recently weighed in on XPRO shares. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a report on Thursday, June 4th. KeyCorp raised shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. Piper Sandler raised their target price 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. Finally, Weiss Ratings cut shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th.

Expro Group Stock Up 0.0%

Shares of NYSE:XPRO opened at $16.47 on Wednesday. The firm’s 50 day moving average price is $16.37 and its 200 day moving average price is $15.89. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 51.46 and a beta of 0.90. Expro Group has a fifty-two week low of $8.20 and a fifty-two week high of $18.73. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06.

Insiders Place Their Bets

In related news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the sale, the director owned 47,648 shares of the company’s stock, valued at $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Trading of Expro Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC acquired a new stake in Expro Group during the fourth quarter worth approximately $58,165,000. Insight Wealth Strategies LLC acquired a new stake in Expro Group during the fourth quarter worth approximately $3,571,000. Connable Office Inc. acquired a new stake in Expro Group during the fourth quarter worth approximately $440,000. Vanguard Group Inc. raised its holdings in Expro Group by 0.4% during the third quarter. Vanguard Group Inc. now owns 10,626,402 shares of the company’s stock worth $126,242,000 after purchasing an additional 38,826 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Expro Group during the fourth quarter worth approximately $690,000. Institutional investors and hedge funds 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.