Expro Group (NYSE:XPRO) Shares Gap Up - Here's What Happened

Shares of Expro Group Holdings (NYSE:XPRO - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $7.85, but opened at $8.23. Expro Group shares last traded at $7.92, with a volume of 92,062 shares traded.

Analyst Upgrades and Downgrades

XPRO has been the subject of a number of research reports. Wells Fargo & Company assumed coverage on shares of Expro Group in a report on Tuesday. They issued an "overweight" rating and a $12.00 target price for the company. 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 research report on Wednesday, May 7th. Finally, The Goldman Sachs Group lowered their price target on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, April 10th.

Expro Group Stock Performance

The company has a fifty day moving average price of $8.44 and a two-hundred day moving average price of $11.16. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The company has a market capitalization of $995.94 million, a P/E ratio of 61.65, a PEG ratio of 1.28 and a beta of 1.17.

Institutional Investors Weigh In On Expro Group

A number of institutional investors have recently added to or reduced their stakes in XPRO. Barclays PLC grew its stake in shares of Expro Group by 40.1% in the third quarter. Barclays PLC now owns 473,492 shares of the company's stock worth $8,129,000 after purchasing an additional 135,481 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Expro Group by 19.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,925,259 shares of the company's stock valued at $24,008,000 after buying an additional 318,043 shares during the last quarter. Sei Investments Co. increased its stake in shares of Expro Group by 66.6% in the fourth quarter. Sei Investments Co. now owns 50,950 shares of the company's stock valued at $635,000 after buying an additional 20,365 shares during the period. Invesco Ltd. increased its stake in shares of Expro Group by 58.5% in the fourth quarter. Invesco Ltd. now owns 222,519 shares of the company's stock valued at $2,775,000 after buying an additional 82,142 shares during the period. Finally, Vanguard Group Inc. boosted its holdings 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 acquiring an additional 260,914 shares during the last quarter. 92.07% of the stock is owned by 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.