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

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

Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group lowered 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 report on Thursday, April 10th. Barclays lowered 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 report on Wednesday, May 7th. Finally, Wells Fargo & Company assumed coverage on shares of Expro Group in a research report on Tuesday, May 27th. They set an "overweight" rating and a $12.00 price objective on the stock.

Expro Group Price Performance

Shares of NYSE XPRO traded down $0.14 during trading on Tuesday, hitting $8.42. The company had a trading volume of 568,057 shares, compared to its average volume of 1,240,615. The company has a market cap of $971.58 million, a P/E ratio of 14.52 and a beta of 1.17. Expro Group has a 52 week low of $6.70 and a 52 week high of $24.50. The business's 50-day moving average is $8.77 and its 200 day moving average is $10.29. 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

Institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC boosted its stake in shares of Expro Group by 824.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock valued at $38,000 after buying an additional 2,705 shares during the period. US Bancorp DE raised its holdings in shares of Expro Group by 56.0% during the 4th 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 bought a new position in shares of Expro Group during the 1st quarter valued at $87,000. Brighton Jones LLC bought a new position in shares of Expro Group during the 1st quarter valued at $103,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Expro Group during the 2nd quarter valued at $90,000. 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.