Webs Creek Capital Management LP Buys New Stake in Expro Group Holdings N.V. $XPRO

Webs Creek Capital Management LP bought a new stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,826,437 shares of the company’s stock, valued at approximately $41,746,474,000. Expro Group comprises about 7.9% of Webs Creek Capital Management LP’s holdings, making the stock its 6th biggest position. Webs Creek Capital Management LP owned about 2.52% of Expro Group at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. KBC Group NV acquired a new position in shares of Expro Group in the first quarter worth $45,000. Global Retirement Partners LLC acquired a new stake in shares of Expro Group during the fourth quarter valued at $51,000. Quadrant Capital Group LLC increased its position in Expro Group by 2,978.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after purchasing an additional 3,813 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Expro Group during the 4th quarter worth about $69,000. Finally, Royal Bank of Canada raised its stake in Expro Group by 43.8% in the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after purchasing an additional 1,222 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Insider Activity at Expro Group

In other news, Director Eileen Goss Whelley sold 6,168 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the transaction, the director directly owned 47,648 shares in the company, valued at $721,390.72. This represents a 11.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by corporate insiders.

Expro Group Price Performance

Shares of NYSE:XPRO opened at $17.91 on Tuesday. The company has a market cap of $2.01 billion, a P/E ratio of 99.51 and a beta of 0.90. The business has a fifty day simple moving average of $15.90 and a 200-day simple moving average of $16.37. Expro Group Holdings N.V. has a 52 week low of $11.60 and a 52 week high of $19.23. 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 released its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business had revenue of $393.18 million for the quarter, compared to analysts’ expectations of $387.36 million. Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. Equities research analysts forecast that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Analyst Ratings Changes

XPRO has been the topic of a number of recent research reports. Barclays reduced their target price 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. KeyCorp upgraded shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. Freedom Capital raised shares of 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 shares of Expro Group in a research note on Thursday, June 4th. Finally, Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Expro Group currently has a consensus rating of “Hold” and an average price target of $18.00.

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.