Barclays Issues Pessimistic Forecast for Expro Group (NYSE:XPRO) Stock Price

Expro Group (NYSE:XPRO) had its target price reduced by research analysts at Barclays from $17.00 to $14.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 37.03% from the stock’s current price.

Separately, The Goldman Sachs Group initiated coverage on shares of Expro Group in a report on Friday, December 13th. They set a “neutral” rating and a $18.00 price objective for the company.

Expro Group Price Performance

XPRO stock opened at $10.22 on Wednesday. Expro Group has a 12 month low of $9.85 and a 12 month high of $24.50. The company has a 50-day moving average price of $13.04 and a 200 day moving average price of $14.64. The stock has a market cap of $1.19 billion, a PE ratio of 72.98, a P/E/G ratio of 1.28 and a beta of 1.12. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Insider Activity at Expro Group

In other Expro Group news, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of Expro Group stock in a transaction dated Monday, December 16th. The stock was acquired at an average price of $11.39 per share, for a total transaction of $205,020.00. Following the acquisition, the director now owns 69,181 shares in the company, valued at $787,971.59. This trade represents a 35.17 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Jardon purchased 45,200 shares of Expro Group stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $10.91 per share, with a total value of $493,132.00. Following the acquisition, the chief executive officer now owns 336,674 shares in the company, valued at approximately $3,673,113.34. This represents a 15.51 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expro Group

Large investors have recently modified their holdings of the business. R Squared Ltd bought a new stake in shares of Expro Group in the 4th quarter valued at about $27,000. Sterling Capital Management LLC raised its stake in shares of Expro Group by 824.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock worth $38,000 after acquiring an additional 2,705 shares in the last quarter. US Bancorp DE raised its stake in shares of Expro Group by 56.0% during the 4th quarter. US Bancorp DE now owns 4,171 shares of the company’s stock worth $52,000 after acquiring an additional 1,497 shares in the last quarter. KBC Group NV raised its stake in shares of Expro Group by 75.3% during the 4th quarter. KBC Group NV now owns 5,968 shares of the company’s stock worth $74,000 after acquiring an additional 2,563 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Expro Group by 1,413.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company’s stock worth $139,000 after acquiring an additional 10,391 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.