Expro Group (NYSE:XPRO) Upgraded to Strong-Buy at Zacks Research

Expro Group (NYSE:XPRO) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group set a $19.00 target price on Expro Group in a research note on Thursday, June 4th. Barclays dropped their price target on shares of Expro Group from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday. Piper Sandler upped their price target 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. Weiss Ratings downgraded shares of Expro Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Finally, KeyCorp raised 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, three have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.33.

Expro Group Price Performance

Shares of NYSE XPRO opened at $16.68 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. Expro Group has a fifty-two week low of $8.28 and a fifty-two week high of $18.73. The business has a 50 day moving average price of $15.31 and a two-hundred day moving average price of $16.03. The firm has a market cap of $1.89 billion, a PE ratio of 52.13 and a beta of 0.90.

Insider Buying and Selling

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expro Group

A number of institutional investors have recently made changes to their positions in the company. KBC Group NV acquired a new stake in shares of Expro Group during the 1st quarter valued at approximately $45,000. Global Retirement Partners LLC bought a new position in Expro Group during the fourth quarter worth $51,000. Quadrant Capital Group LLC boosted its holdings 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 purchasing an additional 3,813 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Expro Group in the fourth quarter worth $69,000. Finally, Royal Bank of Canada increased its stake in Expro Group by 43.8% during the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after purchasing an additional 1,222 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors.

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.