Expro Group (NYSE:XPRO) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Expro Group (NYSE:XPRO - Get Free Report) in a report released on Tuesday, MarketBeat Ratings 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 44.06% from the company's previous close.

XPRO has been the topic of a number of other reports. Barclays cut their price target on Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. The Goldman Sachs Group cut their target price 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.

Expro Group Trading Down 3.1%

Shares of Expro Group stock traded down $0.27 on Tuesday, hitting $8.33. 1,538,973 shares of the company's stock traded hands, compared to its average volume of 1,232,952. The company has a fifty day moving average of $8.39 and a two-hundred day moving average of $11.12. Expro Group has a one year low of $6.70 and a one year high of $24.50. The company has a market capitalization of $961.21 million, a price-to-earnings ratio of 59.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Expro Group during the fourth quarter valued at about $27,000. Sterling Capital Management LLC boosted its stake in 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 purchasing an additional 2,705 shares during the last quarter. US Bancorp DE boosted its stake in 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 during the last quarter. KBC Group NV increased its holdings in Expro Group by 75.3% during the 4th quarter. KBC Group NV now owns 5,968 shares of the company's stock worth $74,000 after purchasing an additional 2,563 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of Expro Group in the first quarter worth approximately $87,000. Institutional investors 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.