Envestnet Asset Management Inc. Has $3.56 Million Position in Expro Group Holdings N.V. $XPRO

Envestnet Asset Management Inc. lowered its holdings in Expro Group Holdings N.V. (NYSE:XPRO) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 414,941 shares of the company’s stock after selling 8,449 shares during the quarter. Envestnet Asset Management Inc. owned 0.36% of Expro Group worth $3,564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XPRO. Nisa Investment Advisors LLC lifted its position in shares of Expro Group by 2,394.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after buying an additional 2,897 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of Expro Group during the second quarter valued at $90,000. Strs Ohio acquired a new stake in shares of Expro Group in the 1st quarter valued at $104,000. Vanguard Personalized Indexing Management LLC acquired a new position in Expro Group in the second quarter valued at about $105,000. Finally, Versor Investments LP bought a new position in shares of Expro Group in the first quarter valued at approximately $111,000. Institutional investors own 92.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Piper Sandler upped their target price on shares of Expro Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Barclays raised their price target on Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Pickering Energy Partners began coverage on shares of Expro Group in a report on Monday, July 28th. They set an “outperform” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Expro Group currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Expro Group Price Performance

NYSE XPRO opened at $13.52 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 2.11. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 22.91 and a beta of 1.17. The business has a 50 day simple moving average of $12.86 and a 200 day simple moving average of $10.68. Expro Group Holdings N.V. has a 52-week low of $6.70 and a 52-week high of $14.97.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Expro Group had a net margin of 4.15% and a return on equity of 6.41%. The firm had revenue of $411.36 million for the quarter, compared to analyst estimates of $426.65 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. Expro Group has set its FY 2025 guidance at EPS. Analysts anticipate that Expro Group Holdings N.V. will post 0.68 earnings per share for the current fiscal year.

About Expro Group

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.