By otakuyassine3@gmail.com 
Expro Group (NYSE:XPRO – Get Free Report) had its price objective lowered by research analysts at Barclays from $17.00 to $14.00 in a research report issued 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 company’s current price.
Separately, The Goldman Sachs Group initiated coverage on shares of Expro Group in a research report on Friday, December 13th. They set a “neutral” rating and a $18.00 target price on the stock.
Read Our Latest Analysis on Expro Group
Expro Group Trading Down 0.2 %
NYSE XPRO opened at $10.22 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.19 billion, a PE ratio of 72.98, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12. The company has a 50 day moving average price of $13.04 and a 200 day moving average price of $14.64. Expro Group has a 52 week low of $9.85 and a 52 week high of $24.50.
Insiders Place Their Bets
In other Expro Group news, CEO Michael Jardon acquired 45,200 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $10.91 per share, with a total value of $493,132.00. Following the acquisition, the chief executive officer now directly owns 336,674 shares of the company’s stock, valued at approximately $3,673,113.34. The trade was a 15.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert Wayne Drummond, Jr. acquired 18,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the acquisition, the director now directly owns 69,181 shares in the company, valued at approximately $787,971.59. The trade was a 35.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is owned by insiders.
Institutional Trading of Expro Group
Several large investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Expro Group by 27.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company’s stock valued at $138,736,000 after acquiring an additional 2,426,258 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Expro Group by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company’s stock valued at $127,646,000 after acquiring an additional 260,914 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Expro Group by 18.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company’s stock valued at $59,283,000 after acquiring an additional 728,836 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Expro Group by 11.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,376,250 shares of the company’s stock valued at $54,573,000 after purchasing an additional 436,411 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Expro Group by 32.3% in the 4th quarter. American Century Companies Inc. now owns 4,206,985 shares of the company’s stock valued at $52,461,000 after purchasing an additional 1,027,825 shares during the period. 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.
Further Reading
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