Vanguard Group Inc. Grows Stake in Expro Group Holdings N.V. $XPRO

Vanguard Group Inc. boosted its position in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 0.4% in the third quarter, Holdings Channel reports. The fund owned 10,626,402 shares of the company’s stock after purchasing an additional 38,826 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Expro Group worth $126,242,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of XPRO. Boston Partners grew its stake in shares of Expro Group by 73.8% during the 2nd quarter. Boston Partners now owns 1,342,405 shares of the company’s stock valued at $11,536,000 after purchasing an additional 569,977 shares during the period. American Century Companies Inc. raised its position in Expro Group by 10.0% in the second quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock worth $47,879,000 after acquiring an additional 507,805 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Expro Group by 113.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company’s stock worth $8,069,000 after acquiring an additional 499,826 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Expro Group during the 3rd quarter valued at $4,823,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Expro Group by 35.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,553,748 shares of the company’s stock worth $13,347,000 after purchasing an additional 405,168 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

Analysts Set New Price Targets

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

Expro Group Stock Down 3.6%

Shares of XPRO opened at $16.83 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.16 and a quick ratio of 1.79. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 37.40 and a beta of 0.91. Expro Group Holdings N.V. has a 1 year low of $6.70 and a 1 year high of $18.73. The business’s 50 day simple moving average is $15.75 and its 200-day simple moving average is $13.99.

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

Expro Group Company 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.