Expro Group (NYSE:XPRO) Given New $14.00 Price Target at Barclays

Expro Group (NYSE:XPRO) had its target price lowered by Barclays from $17.00 to $14.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Separately, The Goldman Sachs Group began coverage on Expro Group in a report on Friday, December 13th. They set a “neutral” rating and a $18.00 price target for the company.

Expro Group Price Performance

Shares of NYSE XPRO opened at $10.21 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The stock has a fifty day moving average price of $13.07 and a 200 day moving average price of $14.67. Expro Group has a 1-year low of $9.85 and a 1-year high of $24.50. The company has a market cap of $1.19 billion, a PE ratio of 72.91, a P/E/G ratio of 1.28 and a beta of 0.99.

Insider Buying and Selling at Expro Group

In other news, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was acquired at an average price of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the transaction, the director now directly owns 69,181 shares in the company, valued at $787,971.59. This represents a 35.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Jardon purchased 45,200 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of $10.91 per share, with a total value of $493,132.00. Following the transaction, the chief executive officer now owns 336,674 shares of the company’s stock, valued at approximately $3,673,113.34. This represents a 15.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Expro Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Expro Group by 8.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,585 shares of the company’s stock worth $3,000,000 after purchasing an additional 18,506 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in Expro Group during the 4th quarter worth about $2,563,000. Squarepoint Ops LLC increased its position in Expro Group by 254.3% during the 4th quarter. Squarepoint Ops LLC now owns 409,242 shares of the company’s stock worth $5,103,000 after purchasing an additional 293,744 shares in the last quarter. Sagefield Capital LP increased its position in Expro Group by 4.1% during the 4th quarter. Sagefield Capital LP now owns 827,032 shares of the company’s stock worth $10,313,000 after purchasing an additional 32,626 shares in the last quarter. Finally, SIR Capital Management L.P. increased its position in Expro Group by 95.8% during the 4th quarter. SIR Capital Management L.P. now owns 972,759 shares of the company’s stock worth $12,130,000 after purchasing an additional 475,897 shares in the last quarter. Hedge funds and other 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.