Van ECK Associates Corp Buys Shares of 1,388,087 Expro Group Holdings N.V. $XPRO

Van ECK Associates Corp purchased a new position in Expro Group Holdings N.V. (NYSE:XPRO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,388,087 shares of the company’s stock, valued at approximately $20,502,000. Van ECK Associates Corp owned approximately 1.24% of Expro Group at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of XPRO. Wellington Management Group LLP bought a new position in shares of Expro Group during the 2nd quarter valued at about $3,063,000. Empowered Funds LLC bought a new stake in Expro Group during the 2nd quarter worth approximately $8,206,000. Public Employees Retirement System of Ohio acquired a new stake in Expro Group during the 2nd quarter worth approximately $1,234,000. Capstone Investment Advisors LLC acquired a new stake in Expro Group during the 2nd quarter worth approximately $255,000. Finally, Bank of America Corp DE acquired a new stake in Expro Group during the 2nd quarter worth approximately $5,518,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Analyst Ratings Changes

XPRO has been the subject of several research analyst reports. Freedom Capital upgraded shares of Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Barclays dropped their price objective on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research note on Thursday, June 4th. Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Finally, Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.00.

Expro Group Trading Down 0.1%

NYSE:XPRO opened at $17.59 on Monday. The company has a market cap of $1.98 billion, a P/E ratio of 97.72 and a beta of 0.90. Expro Group Holdings N.V. has a twelve month low of $11.60 and a twelve month high of $19.23. The business has a 50 day moving average price of $16.16 and a two-hundred day moving average price of $16.41. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share (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 analyst estimates of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. Expro Group’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. As a group, analysts expect that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Expro Group

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction on Wednesday, June 3rd. The shares were 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 filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company’s stock.

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.