Expro Group (NYSE:XPRO) Price Target Lowered to $14.00 at Barclays

Expro Group (NYSE:XPRO) had its price target dropped by stock analysts at Barclays from $17.00 to $14.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 40.28% from the stock’s previous close.

Separately, The Goldman Sachs Group began coverage on Expro Group in a report on Friday, December 13th. They set a “neutral” rating and a $18.00 target price on the stock.

Expro Group Stock Down 1.1 %

Shares of NYSE XPRO opened at $9.98 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.16 billion, a PE ratio of 71.29, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99. The firm’s 50-day moving average is $13.10 and its 200-day moving average is $14.70. Expro Group has a 1 year low of $9.89 and a 1 year high of $24.50.

Insider Buying and Selling

In other Expro Group news, CEO Michael Jardon bought 45,200 shares of Expro Group stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $10.91 per share, with a total value of $493,132.00. Following the acquisition, the chief executive officer now owns 336,674 shares in the company, valued at $3,673,113.34. This trade represents a 15.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the purchase, the director now owns 69,181 shares of the company’s stock, valued at approximately $787,971.59. The trade was a 35.17 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Expro Group

Large investors have recently made changes to their positions in the company. US Bancorp DE raised its stake in Expro Group by 56.0% during the 4th quarter. US Bancorp DE now owns 4,171 shares of the company’s stock worth $52,000 after buying an additional 1,497 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Expro Group by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company’s stock valued at $671,000 after acquiring an additional 1,989 shares in the last quarter. R Squared Ltd bought a new stake in shares of Expro Group in the 4th quarter worth $27,000. Rhumbline Advisers raised its position in Expro Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 153,159 shares of the company’s stock worth $1,910,000 after acquiring an additional 2,477 shares during the period. Finally, KBC Group NV grew its holdings in Expro Group by 75.3% during the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after purchasing an additional 2,563 shares during the period. 92.07% of the stock is currently owned by institutional investors and hedge funds.

About Expro Group

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.