Expro Group (NYSE:XPRO) Shares Gap Down – Should You Sell?

Expro Group Holdings N.V. (NYSE:XPRO) shares gapped down prior to trading on Thursday . The stock had previously closed at $16.75, but opened at $15.84. Expro Group shares last traded at $17.5450, with a volume of 411,757 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on XPRO. Barclays upped their price target on shares of Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, January 21st. The Goldman Sachs Group increased their target price on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Finally, Piper Sandler downgraded Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a research note on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Expro Group Stock Up 5.3%

The company has a 50 day moving average of $15.00 and a 200-day moving average of $13.52. The company has a market cap of $2.00 billion, a P/E ratio of 29.65 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.11 and a quick ratio of 1.74.

Hedge Funds Weigh In On Expro Group

Large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its position in Expro Group by 2,394.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock valued at $26,000 after purchasing an additional 2,897 shares during the last quarter. GAMMA Investing LLC raised its stake in Expro Group by 54.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after buying an additional 871 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Expro Group during the 3rd quarter valued at about $47,000. Global Retirement Partners LLC purchased a new stake in Expro Group in the 4th quarter worth approximately $51,000. Finally, Quadrant Capital Group LLC raised its stake in Expro Group by 2,978.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after purchasing an additional 3,813 shares in the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

About Expro Group

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.