Ieq Capital LLC Takes Position in Expro Group Holdings N.V. $XPRO

Ieq Capital LLC bought a new stake in Expro Group Holdings N.V. (NYSE:XPRO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 31,861 shares of the company’s stock, valued at approximately $471,000.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE boosted its stake in shares of Expro Group by 8.6% in the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after buying an additional 799 shares during the period. Wells Fargo & Company MN increased its stake in shares of Expro Group by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock worth $4,429,000 after buying an additional 945 shares during the period. Focus Partners Wealth raised its holdings in Expro Group by 5.9% in the third quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock valued at $206,000 after acquiring an additional 954 shares in the last quarter. Royal Bank of Canada raised its holdings in Expro Group by 43.8% in the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after acquiring an additional 1,222 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Expro Group by 3.1% in the fourth quarter. Jane Street Group LLC now owns 48,691 shares of the company’s stock worth $650,000 after acquiring an additional 1,446 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on XPRO. Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Barclays decreased their price objective on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Freedom Capital upgraded shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group set a $19.00 target price on Expro Group 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.00.

Expro Group Stock Performance

Shares of XPRO opened at $17.59 on Friday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 97.72 and a beta of 0.90. 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. The stock has a 50 day moving average price of $16.16 and a 200 day moving average price of $16.42.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The company had revenue of $393.18 million for the quarter, compared to analyst estimates of $387.36 million. During the same period in the previous year, the business posted $0.30 EPS. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. Research analysts predict 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 the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the transaction, the director owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by corporate insiders.

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.