Webs Creek Capital Management LP bought a new position in shares of Expro Group Holdings N.V. (NYSE:XPRO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,826,437 shares of the company’s stock, valued at approximately $41,746,474. Expro Group makes up about 0.0% of Webs Creek Capital Management LP’s portfolio, making the stock its 6th biggest position. Webs Creek Capital Management LP owned 2.52% of Expro Group at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in XPRO. US Bancorp DE raised its position in Expro Group by 8.6% in the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after purchasing an additional 799 shares during the period. Wells Fargo & Company MN boosted its position in Expro Group by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock valued at $4,429,000 after purchasing an additional 945 shares in the last quarter. Focus Partners Wealth boosted its holdings in Expro Group by 5.9% in the third quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock valued at $206,000 after purchasing an additional 954 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Expro Group by 43.8% in the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock worth $71,000 after buying an additional 1,222 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Expro Group by 3.1% during the fourth quarter. Jane Street Group LLC now owns 48,691 shares of the company’s stock worth $650,000 after purchasing an additional 1,446 shares in the last quarter. 92.07% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
XPRO has been the subject of a number of research analyst reports. The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research note on Thursday, June 4th. KeyCorp raised Expro Group to a “neutral” rating in a research report on Thursday, June 4th. Barclays reduced their price target on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Expro Group currently has a consensus rating of “Hold” and a consensus price target of $18.00.
Insider Buying and Selling at Expro Group
In related news, Director Eileen Goss Whelley sold 6,168 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total value of $93,383.52. Following the sale, the director directly owned 47,648 shares in the company, valued at approximately $721,390.72. The trade was a 11.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by corporate insiders.
Expro Group Trading Down 2.7%
Shares of NYSE XPRO traded down $0.49 on Friday, reaching $17.58. 485,533 shares of the company traded hands, compared to its average volume of 1,114,157. Expro Group Holdings N.V. has a fifty-two week low of $11.60 and a fifty-two week high of $19.23. The company has a 50 day moving average of $16.09 and a 200 day moving average of $16.41. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.98 billion, a PE ratio of 97.67 and a beta of 0.90.
Expro Group (NYSE:XPRO – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The company had revenue of $393.18 million during the quarter, compared to analysts’ expectations of $387.36 million. During the same period in the prior year, the business posted $0.30 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Expro Group Holdings N.V. will post 0.53 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.
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