Verdence Capital Advisors LLC Boosts Stake in Expro Group Holdings N.V. $XPRO

Verdence Capital Advisors LLC lifted its position in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 4.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 34,740 shares of the company’s stock after purchasing an additional 1,508 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Expro Group were worth $298,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in Expro Group during the first quarter worth approximately $8,231,000. Envestnet Asset Management Inc. boosted its position in Expro Group by 60.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 423,390 shares of the company’s stock worth $4,208,000 after purchasing an additional 159,411 shares during the period. Victory Capital Management Inc. boosted its position in Expro Group by 0.8% during the 1st quarter. Victory Capital Management Inc. now owns 507,804 shares of the company’s stock worth $5,048,000 after purchasing an additional 3,862 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Expro Group by 98.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 117,378 shares of the company’s stock worth $1,167,000 after purchasing an additional 58,183 shares during the period. Finally, Summit Trail Advisors LLC purchased a new stake in Expro Group during the 1st quarter worth $275,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Stock Performance

Expro Group stock opened at $12.66 on Friday. The stock has a market cap of $1.46 billion, a P/E ratio of 20.75 and a beta of 1.11. The company has a current ratio of 2.14, a quick ratio of 1.78 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $12.05 and a 200-day moving average of $9.89. Expro Group Holdings N.V. has a 52 week low of $6.70 and a 52 week high of $17.34.

Expro Group (NYSE:XPRO) last released its earnings results on Tuesday, July 29th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $422.74 million during the quarter, compared to analysts’ expectations of $408.04 million. Expro Group had a return on equity of 6.43% and a net margin of 4.26%. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XPRO shares. Pickering Energy Partners started coverage on Expro Group in a research report on Monday, July 28th. They issued an “outperform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th. Barclays upped their price target on Expro Group from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Piper Sandler upped their target price on shares of Expro Group from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.50.

Expro Group Company Profile

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.