Expro Group (NYSE:XPRO) Stock Price Down 4.7% - What's Next?

Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report) shares dropped 4.7% on Monday . The stock traded as low as $9.12 and last traded at $9.04. Approximately 144,713 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,197,791 shares. The stock had previously closed at $9.49.

Analyst Ratings Changes

XPRO has been the topic of several analyst reports. Piper Sandler initiated coverage on shares of Expro Group in a report on Tuesday. They issued a "neutral" rating and a $10.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of Expro Group in a report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 target price on the stock. Barclays cut their target price on shares of Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group dropped their price objective on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th.

Expro Group Trading Up 3.6%

The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. The business's fifty day moving average is $8.77 and its 200 day moving average is $10.31. The firm has a market capitalization of $988.44 million, a price-to-earnings ratio of 14.77 and a beta of 1.17.

Institutional Investors Weigh In On Expro Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its position in Expro Group by 27.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock valued at $138,736,000 after purchasing an additional 2,426,258 shares in the last quarter. Vanguard Group Inc. grew its position in Expro Group by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company's stock valued at $127,646,000 after purchasing an additional 260,914 shares in the last quarter. Earnest Partners LLC grew its position in Expro Group by 60.0% in the first quarter. Earnest Partners LLC now owns 7,140,421 shares of the company's stock valued at $70,976,000 after purchasing an additional 2,678,489 shares in the last quarter. American Century Companies Inc. grew its position in Expro Group by 20.4% in the first quarter. American Century Companies Inc. now owns 5,065,985 shares of the company's stock valued at $50,356,000 after purchasing an additional 859,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Expro Group by 18.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company's stock valued at $59,283,000 after purchasing an additional 728,836 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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.