207,369 Shares in Expro Group Holdings N.V. $XPRO Acquired by Wellington Management Group LLP

Wellington Management Group LLP purchased a new position in shares of Expro Group Holdings N.V. (NYSE:XPRO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 207,369 shares of the company’s stock, valued at approximately $3,063,000.

A number of other hedge funds also recently made changes to their positions in the stock. KBC Group NV purchased a new stake in shares of Expro Group during the 1st quarter valued at $45,000. Global Retirement Partners LLC acquired a new stake in Expro Group in the fourth quarter valued at approximately $51,000. Quadrant Capital Group LLC lifted its holdings in Expro Group by 2,978.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after buying an additional 3,813 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Expro Group in the 4th quarter valued at about $69,000. Finally, Royal Bank of Canada grew its stake in shares of Expro Group by 43.8% during 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. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Stock Performance

XPRO stock opened at $17.55 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.97 billion, a P/E ratio of 97.53 and a beta of 0.92. Expro Group Holdings N.V. has a 12-month low of $11.60 and a 12-month high of $19.23. The stock’s 50 day simple moving average is $16.88 and its 200 day simple moving average is $16.49.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 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 return on equity of 3.27% and a net margin of 1.33%.The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS. As a group, equities research analysts predict that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on XPRO shares. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. KeyCorp upgraded Expro Group to a “neutral” rating in a report on Thursday, June 4th. Barclays dropped their price objective on 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 Expro Group in a research note on Thursday, June 4th. Finally, Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.