Expro Group (NYSE:XPRO) Price Target Increased to $29.00 by Analysts at Piper Sandler

Expro Group (NYSE:XPRO - Get Free Report) had its price objective hoisted by equities research analysts at Piper Sandler from $26.00 to $29.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price objective indicates a potential upside of 27.58% from the stock's current price.

Separately, Barclays upgraded shares of Expro Group from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $18.00 to $27.00 in a research note on Tuesday, May 14th.

Expro Group Trading Up 4.4 %

Shares of Expro Group stock traded up $0.95 during mid-day trading on Monday, hitting $22.73. 1,428,293 shares of the stock were exchanged, compared to its average volume of 897,724. The company has a 50-day simple moving average of $19.56 and a 200 day simple moving average of $17.71. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of -121.00 and a beta of 0.93. Expro Group has a twelve month low of $14.33 and a twelve month high of $25.04.

Expro Group (NYSE:XPRO - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. The firm had revenue of $383.49 million for the quarter, compared to analysts' expectations of $369.87 million. Research analysts forecast that Expro Group will post 0.81 EPS for the current year.

Insider Buying and Selling

In other Expro Group news, CFO Quinn P. Fanning sold 17,500 shares of the business's stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $21.06, for a total transaction of $368,550.00. Following the completion of the transaction, the chief financial officer now directly owns 92,889 shares of the company's stock, valued at approximately $1,956,242.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Expro Group

A number of hedge funds and other institutional investors have recently modified their holdings of XPRO. Earnest Partners LLC acquired a new position in Expro Group during the 1st quarter valued at about $92,106,000. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Expro Group by 5.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 3,568,505 shares of the company's stock valued at $56,811,000 after acquiring an additional 194,646 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Expro Group by 45.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,672,872 shares of the company's stock valued at $42,554,000 after acquiring an additional 833,928 shares during the period. Vanguard Group Inc. raised its holdings in Expro Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company's stock worth $46,975,000 after purchasing an additional 38,053 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Expro Group by 12.5% during the 1st quarter. William Blair Investment Management LLC now owns 2,122,987 shares of the company's stock valued at $42,396,000 after purchasing an additional 236,098 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors.

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.