Pickering Energy Partners Begins Coverage on Expro Group (NYSE:XPRO)

Key Points

• Pickering Energy Partners has initiated coverage on Expro Group (NYSE:XPRO) with an "outperform" rating, indicating positive prospects for the stock.
• Other analysts, such as Wells Fargo and Barclays, have assigned ratings ranging from "overweight" to "neutral," with price targets fluctuating between $10.00 and $12.00.
• Expro Group's stock has seen significant institutional investment, with major holdings from firms like T. Rowe Price and Vanguard, which collectively own over 92% of the company's stock.

Research analysts at Pickering Energy Partners initiated coverage on shares of Expro Group (NYSE:XPRO - Get Free Report) in a research note issued on Monday,Briefing.com Automated Import reports. The firm set an "outperform" rating on the stock.

A number of other research analysts have also issued reports on XPRO. Wells Fargo & Company began coverage on Expro Group in a report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 target price on the stock. Piper Sandler began coverage on shares of Expro Group in a research note on Tuesday, July 15th. They issued a "neutral" rating and a $10.00 price objective on the stock. Barclays dropped their price objective on shares of Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note 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 research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $11.50.

Expro Group Price Performance

Shares of NYSE:XPRO opened at $8.61 on Monday. Expro Group has a one year low of $6.70 and a one year high of $23.96. The stock has a market capitalization of $992.93 million, a price-to-earnings ratio of 14.84 and a beta of 1.17. The company has a 50-day simple moving average of $8.79 and a 200-day simple moving average of $10.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.74 and a current ratio of 2.11.

Institutional Investors Weigh In On Expro Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its holdings 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 acquiring an additional 2,426,258 shares during the period. Vanguard Group Inc. grew its position in Expro Group by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company's stock worth $127,646,000 after buying an additional 260,914 shares during the period. Earnest Partners LLC grew its position in Expro Group by 60.0% during the first quarter. Earnest Partners LLC now owns 7,140,421 shares of the company's stock worth $70,976,000 after buying an additional 2,678,489 shares during the period. American Century Companies Inc. grew its position in Expro Group by 20.4% during the first quarter. American Century Companies Inc. now owns 5,065,985 shares of the company's stock worth $50,356,000 after buying an additional 859,000 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Expro Group by 18.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company's stock worth $59,283,000 after buying an additional 728,836 shares during the period. Institutional investors and hedge funds own 92.07% of the company's stock.

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.

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