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Piper Sandler Begins Coverage on Expro Group (NYSE:XPRO)

Expro Group logo with Energy background

Piper Sandler started coverage on shares of Expro Group (NYSE:XPRO - Free Report) in a research report released on Tuesday, Marketbeat.com reports. The brokerage issued a neutral rating and a $10.00 price target on the stock.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Expro Group in a report on Tuesday, May 27th. They set an "overweight" rating and a $12.00 price target on the stock. The Goldman Sachs Group lowered their price target 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. Finally, Barclays lowered their price target 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.

Check Out Our Latest Stock Analysis on XPRO

Expro Group Price Performance

NYSE:XPRO traded up $0.30 during trading hours on Tuesday, hitting $8.57. 759,701 shares of the stock traded hands, compared to its average volume of 1,241,484. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. Expro Group has a 1 year low of $6.70 and a 1 year high of $24.50. The company has a market cap of $988.44 million, a price-to-earnings ratio of 14.77 and a beta of 1.17. The stock has a 50 day moving average price of $8.77 and a 200 day moving average price of $10.31.

Hedge Funds Weigh In On Expro Group

Hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC lifted its holdings in shares of Expro Group by 824.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock worth $38,000 after buying an additional 2,705 shares in the last quarter. US Bancorp DE raised its stake in Expro Group by 56.0% during the fourth quarter. US Bancorp DE now owns 4,171 shares of the company's stock valued at $52,000 after purchasing an additional 1,497 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Expro Group during the first quarter valued at $87,000. Brighton Jones LLC purchased a new stake in Expro Group during the first quarter valued at $103,000. Finally, Pallas Capital Advisors LLC purchased a new stake in Expro Group during the second quarter valued at $90,000. Hedge funds and other institutional investors own 92.07% of the company's stock.

About Expro Group

(Get Free Report)

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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