Expro Group Holdings N.V. (NYSE:XPRO) Receives Consensus Recommendation of “Hold” from Analysts

Expro Group Holdings N.V. (NYSE:XPRO) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $19.3333.

A number of equities analysts recently commented on the stock. Piper Sandler raised their price target on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 15th. KeyCorp raised shares of Expro Group to a “neutral” rating in a research report on Thursday, June 4th. Weiss Ratings lowered shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Barclays raised their price target on shares of Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group set a $19.00 price target on shares of Expro Group in a research report on Thursday, June 4th.

Insider Buying and Selling

In related news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the transaction, the director directly owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Expro Group

A number of hedge funds have recently bought and sold shares of XPRO. AQR Capital Management LLC increased its position in Expro Group by 47.3% during the first quarter. AQR Capital Management LLC now owns 161,099 shares of the company’s stock worth $1,601,000 after acquiring an additional 51,727 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Expro Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company’s stock valued at $559,000 after buying an additional 2,463 shares during the period. Goldman Sachs Group Inc. increased its holdings in Expro Group by 47.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock valued at $8,982,000 after buying an additional 292,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Expro Group by 17.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 282,788 shares of the company’s stock valued at $2,811,000 after buying an additional 42,203 shares during the period. Finally, Jane Street Group LLC increased its holdings in Expro Group by 732.6% in the 1st quarter. Jane Street Group LLC now owns 421,163 shares of the company’s stock valued at $4,186,000 after buying an additional 370,579 shares during the period. 92.07% of the stock is owned by institutional investors.

Expro Group Price Performance

Shares of XPRO opened at $15.44 on Wednesday. The firm has a market capitalization of $1.75 billion, a PE ratio of 48.25 and a beta of 0.89. The company’s 50-day moving average is $16.33 and its 200-day moving average is $15.92. Expro Group has a fifty-two week low of $8.20 and a fifty-two week high of $18.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76.

Expro Group Company Profile

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.