Barclays Cuts Expro Group (NYSE:XPRO) Price Target to $19.00

Expro Group (NYSE:XPROGet Free Report) had its price objective decreased by stock analysts at Barclays from $20.00 to $19.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 24.86% from the company’s previous close.

Other equities analysts have also issued reports about the company. Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Piper Sandler boosted their price target on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Weiss Ratings raised shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, KeyCorp upgraded shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.00.

Check Out Our Latest Research Report on XPRO

Expro Group Stock Performance

Shares of Expro Group stock opened at $15.22 on Friday. The business has a 50-day moving average price of $15.23 and a two-hundred day moving average price of $16.15. Expro Group has a 1-year low of $9.81 and a 1-year high of $18.73. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.71 billion, a P/E ratio of 84.54 and a beta of 0.90.

Expro Group (NYSE:XPROGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $387.36 million. During the same quarter in the prior year, the company posted $0.30 EPS. Expro Group’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, analysts anticipate that Expro Group will post 0.6 EPS for the current year.

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 dated 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 approximately $721,390.72. The trade was a 11.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jennison Associates LLC bought a new position in shares of Expro Group during the 4th quarter worth $58,165,000. Dimensional Fund Advisors LP lifted its holdings in Expro Group by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock valued at $103,023,000 after purchasing an additional 533,741 shares during the last quarter. Dockside LLC purchased a new stake in Expro Group during the fourth quarter valued at about $1,640,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Expro Group during the fourth quarter valued at about $690,000. Finally, Connable Office Inc. bought a new position in Expro Group during the fourth quarter worth about $440,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Expro Group (NYSE:XPRO)

Receive News & Ratings for Expro Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expro Group and related companies with MarketBeat.com's FREE daily email newsletter.