Expro Group (NYSE:XPRO) Price Target Increased to $29.00 by Analysts at Piper Sandler

Expro Group (NYSE:XPRO) had its price target hoisted by Piper Sandler from $26.00 to $29.00 in a research report sent to investors on Monday, Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, Barclays upgraded shares of Expro Group from an equal weight rating to an overweight rating and boosted their price target for the company from $18.00 to $27.00 in a research report on Tuesday, May 14th.

Expro Group Trading Down 1.7 %

XPRO opened at $21.89 on Monday. Expro Group has a one year low of $14.33 and a one year high of $25.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.50. The business has a 50 day simple moving average of $19.89 and a two-hundred day simple moving average of $17.87. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -121.61 and a beta of 0.93.

Expro Group (NYSE:XPRO) last announced its earnings results on Thursday, April 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $383.49 million for the quarter, compared to the consensus estimate of $369.87 million. Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. Analysts predict that Expro Group will post 0.81 EPS for the current year.

Insider Buying and Selling at Expro Group

In related news, CFO Quinn P. Fanning sold 17,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $21.06, for a total transaction of $368,550.00. Following the sale, the chief financial officer now owns 92,889 shares of the company’s stock, valued at $1,956,242.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of Expro Group stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $22.25, for a total value of $60,117,720.00. Following the completion of the transaction, the insider now owns 11,873,971 shares of the company’s stock, valued at approximately $264,195,854.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Quinn P. Fanning sold 17,500 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $21.06, for a total transaction of $368,550.00. Following the completion of the transaction, the chief financial officer now owns 92,889 shares in the company, valued at approximately $1,956,242.34. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XPRO. Webs Creek Capital Management LP raised its stake in shares of Expro Group by 28.0% in the first quarter. Webs Creek Capital Management LP now owns 1,441,214 shares of the company’s stock worth $28,781,000 after purchasing an additional 315,674 shares during the last quarter. Bayesian Capital Management LP bought a new stake in Expro Group in the 1st quarter worth about $439,000. Paloma Partners Management Co purchased a new position in Expro Group in the 1st quarter worth about $239,000. Earnest Partners LLC bought a new position in Expro Group during the 1st quarter valued at about $92,106,000. Finally, BOKF NA purchased a new stake in shares of Expro Group during the 1st quarter valued at about $2,943,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

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.