The Goldman Sachs Group Has Lowered Expectations for Expro Group (NYSE:XPRO) Stock Price

Expro Group (NYSE:XPRO) had its price objective dropped by stock analysts at The Goldman Sachs Group from $17.00 to $12.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 57.83% from the company’s current price.

Separately, Barclays dropped their price target on Expro Group from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th.

Expro Group Price Performance

Shares of NYSE XPRO traded down $0.82 during midday trading on Thursday, reaching $7.60. The company’s stock had a trading volume of 797,488 shares, compared to its average volume of 1,194,084. The company has a market cap of $884.82 million, a P/E ratio of 53.97, a P/E/G ratio of 1.28 and a beta of 0.98. Expro Group has a fifty-two week low of $6.70 and a fifty-two week high of $24.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. The business’s 50 day moving average price is $11.11 and its two-hundred day moving average price is $13.00.

Institutional Trading of Expro Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its holdings 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 valued at $52,000 after acquiring an additional 1,497 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Expro Group by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company’s stock valued at $671,000 after purchasing an additional 1,989 shares in the last quarter. R Squared Ltd bought a new stake in shares of Expro Group during the fourth quarter worth about $27,000. Rhumbline Advisers increased its stake in shares of Expro Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 153,159 shares of the company’s stock valued at $1,910,000 after buying an additional 2,477 shares during the period. Finally, KBC Group NV raised its holdings in Expro Group by 75.3% in the 4th quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after buying an additional 2,563 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

Expro Group Company Profile

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.