Wells Fargo & Company Initiates Coverage on Expro Group (NYSE:XPRO)

Analysts at Wells Fargo & Company initiated coverage on shares of Expro Group (NYSE:XPRO - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $12.00 price target on the stock. Wells Fargo & Company's price target indicates a potential upside of 39.03% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. Barclays lowered their target price on Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. The Goldman Sachs Group lowered their target price on Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th.

Expro Group Stock Performance

NYSE XPRO traded up $0.19 on Tuesday, hitting $8.63. 1,120,178 shares of the company traded hands, compared to its average volume of 1,229,240. The company has a market capitalization of $995.94 million, a price-to-earnings ratio of 61.65, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The business's 50 day moving average price is $8.48 and its 200-day moving average price is $11.19. Expro Group has a 52-week low of $6.70 and a 52-week high of $24.50.

Institutional Investors Weigh In On Expro Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Earnest Partners LLC increased its holdings in shares of Expro Group by 60.0% in the first quarter. Earnest Partners LLC now owns 7,140,421 shares of the company's stock worth $70,976,000 after purchasing an additional 2,678,489 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 worth $138,736,000 after purchasing an additional 2,426,258 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Expro Group in the fourth quarter worth about $21,711,000. American Century Companies Inc. increased its holdings in shares of Expro Group by 32.3% in the fourth quarter. American Century Companies Inc. now owns 4,206,985 shares of the company's stock worth $52,461,000 after purchasing an additional 1,027,825 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Expro Group by 108.3% in the fourth quarter. Brown Advisory Inc. now owns 1,686,177 shares of the company's stock worth $21,027,000 after purchasing an additional 876,619 shares during the last quarter. 92.07% of the stock is 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.