Piper Sandler Boosts Expro Group (NYSE:XPRO) Price Target to $29.00

Expro Group (NYSE:XPRO) had its price target lifted by Piper Sandler from $26.00 to $29.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Separately, Barclays raised shares of Expro Group from an equal weight rating to an overweight rating and increased their price objective for the company from $18.00 to $27.00 in a research report on Tuesday, May 14th.

Expro Group Price Performance

XPRO opened at $22.27 on Monday. The stock’s 50-day moving average price is $19.82 and its 200 day moving average price is $17.84. Expro Group has a 12-month low of $14.33 and a 12-month high of $25.04. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of -123.72 and a beta of 0.93. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.04.

Expro Group (NYSE:XPRO) last announced its earnings results on Thursday, April 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $383.49 million for the quarter, compared to analysts’ expectations of $369.87 million. Expro Group had a positive return on equity of 0.76% and a negative net margin of 1.26%. As a group, sell-side analysts expect that Expro Group will post 0.81 earnings per share for the current year.

Insider Buying and Selling at Expro Group

In other Expro Group news, CFO Quinn P. Fanning sold 17,500 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $21.06, for a total value of $368,550.00. Following the transaction, the chief financial officer now directly owns 92,889 shares of the company’s stock, valued at approximately $1,956,242.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Expro Group news, CFO Quinn P. Fanning sold 17,500 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $21.06, for a total transaction of $368,550.00. Following the transaction, the chief financial officer now owns 92,889 shares in the company, valued at approximately $1,956,242.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $22.25, for a total value of $60,117,720.00. Following the transaction, the insider now directly owns 11,873,971 shares of the company’s stock, valued at $264,195,854.75. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in XPRO. Earnest Partners LLC purchased a new stake in shares of Expro Group in the 1st quarter worth about $92,106,000. Dimensional Fund Advisors LP lifted its holdings in shares of Expro Group by 45.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,672,872 shares of the company’s stock valued at $42,554,000 after purchasing an additional 833,928 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Expro Group in the third quarter valued at approximately $15,125,000. Loomis Sayles & Co. L P increased its stake in shares of Expro Group by 100.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,272,501 shares of the company’s stock worth $29,561,000 after purchasing an additional 638,703 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Expro Group by 129.3% during the 1st quarter. Jennison Associates LLC now owns 822,249 shares of the company’s stock worth $16,420,000 after purchasing an additional 463,584 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other 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.