Empowered Funds LLC bought a new position in shares of Expro Group Holdings N.V. (NYSE:XPRO – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 555,581 shares of the company’s stock, valued at approximately $8,206,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. US Bancorp DE lifted its holdings in Expro Group by 8.6% during the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after buying an additional 799 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Expro Group by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock worth $4,429,000 after acquiring an additional 945 shares in the last quarter. Focus Partners Wealth increased its position in shares of Expro Group by 5.9% during the third quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock worth $206,000 after acquiring an additional 954 shares during the period. Royal Bank of Canada increased its position in shares of Expro Group by 43.8% during the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock worth $71,000 after acquiring an additional 1,222 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Expro Group by 3.1% in the fourth quarter. Jane Street Group LLC now owns 48,691 shares of the company’s stock valued at $650,000 after acquiring an additional 1,446 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
XPRO has been the subject of several analyst reports. Weiss Ratings raised Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group set a $19.00 price objective on Expro Group in a research note on Thursday, June 4th. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, KeyCorp raised shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.00.
Insider Transactions at Expro Group
In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the completion of the transaction, the director owned 47,648 shares in the company, valued at approximately $721,390.72. This represents a 11.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.80% of the company’s stock.
Expro Group Price Performance
Shares of NYSE XPRO opened at $17.59 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. Expro Group Holdings N.V. has a twelve month low of $11.60 and a twelve month high of $19.23. The stock has a 50 day moving average of $16.16 and a two-hundred day moving average of $16.42. The stock has a market cap of $1.98 billion, a P/E ratio of 97.72 and a beta of 0.90.
Expro Group (NYSE:XPRO – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The business had revenue of $393.18 million during the quarter, compared to analysts’ expectations of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. Expro Group’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, research analysts forecast that Expro Group Holdings N.V. will post 0.53 earnings per share for the current 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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