Vanguard Group Inc. Increases Holdings in Expro Group Holdings N.V. $XPRO

Vanguard Group Inc. grew its holdings in Expro Group Holdings N.V. (NYSE:XPRO) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,626,402 shares of the company’s stock after buying an additional 38,826 shares during the quarter. Vanguard Group Inc. owned approximately 9.36% of Expro Group worth $126,242,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Nisa Investment Advisors LLC increased 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 period. GAMMA Investing LLC increased its position in shares of Expro Group by 54.3% during the third 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 period. State of Alaska Department of Revenue purchased a new position in shares of Expro Group during the third quarter valued at about $47,000. Ameritas Investment Partners Inc. raised its stake in Expro Group by 13.6% in the second quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company’s stock worth $91,000 after buying an additional 1,265 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Expro Group by 594.7% in the second quarter. Tower Research Capital LLC TRC now owns 11,942 shares of the company’s stock worth $103,000 after buying an additional 10,223 shares during the period. 92.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays increased their target price on Expro Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. The Goldman Sachs Group upped their target price on shares of Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Piper Sandler cut shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a research report on Thursday, December 18th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.25.

Expro Group Price Performance

Shares of XPRO opened at $16.83 on Wednesday. Expro Group Holdings N.V. has a twelve month low of $6.70 and a twelve month high of $18.73. The company has a market capitalization of $1.91 billion, a P/E ratio of 37.40 and a beta of 0.91. The firm has a 50 day moving average of $15.75 and a 200 day moving average of $13.99. The company has a quick ratio of 1.79, a current ratio of 2.16 and a debt-to-equity ratio of 0.06.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.The firm had revenue of $382.13 million for the quarter, compared to the consensus estimate of $413.47 million. During the same period in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was down 12.5% on a year-over-year basis. As a group, equities research analysts anticipate that Expro Group Holdings N.V. will post 0.68 earnings per share for the current fiscal year.

Expro Group Profile

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.