Expro Group (NYSE:XPRO) Price Target Cut to $19.00 by Analysts at Barclays

Expro Group (NYSE:XPRO) had its price objective lowered by Barclays from $20.00 to $19.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also recently issued reports on XPRO. Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Freedom Capital upgraded shares of Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research note on Thursday, June 4th. Piper Sandler raised their price objective on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, April 15th. Finally, Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.00.

Expro Group Stock Performance

Shares of NYSE:XPRO opened at $15.99 on Friday. The business’s fifty day moving average price is $15.23 and its two-hundred day moving average price is $16.15. Expro Group has a fifty-two week low of $9.81 and a fifty-two week high of $18.73. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 88.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76.

Expro Group (NYSE:XPRO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The company had revenue of $393.18 million for the quarter, compared to the consensus estimate of $387.36 million. During the same period in the previous year, the business posted $0.30 earnings per share. The firm’s revenue was down 7.0% compared to the same quarter last year. As a group, analysts predict that Expro Group will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Expro Group

In other news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total value of $93,383.52. Following the completion of the sale, the director directly owned 47,648 shares in the company, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Expro Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its position in Expro Group by 20.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock valued at $147,264,000 after acquiring an additional 1,878,245 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Expro Group by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after acquiring an additional 533,741 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Expro Group by 7.9% during the first quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock worth $81,816,000 after purchasing an additional 342,449 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Expro Group by 35.3% during the second quarter. Qube Research & Technologies Ltd now owns 1,553,748 shares of the company’s stock worth $13,347,000 after purchasing an additional 405,168 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Expro Group by 6.9% during the third quarter. Boston Partners now owns 1,435,293 shares of the company’s stock valued at $17,054,000 after purchasing an additional 92,888 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

About Expro Group

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.