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

Van ECK Associates Corp purchased a new position in shares of Expro Group Holdings N.V. (NYSE:XPRO) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,388,087 shares of the company’s stock, valued at approximately $20,502,000.

Several other large investors also recently made changes to their positions in the stock. Jennison Associates LLC raised its position in Expro Group by 7.9% during the first quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock worth $81,816,000 after acquiring an additional 342,449 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Expro Group in the 2nd quarter valued at about $1,419,000. Dimensional Fund Advisors LP increased its stake in shares of Expro Group by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after purchasing an additional 533,741 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Expro Group during the 2nd quarter worth about $1,056,000. Finally, Webs Creek Capital Management LP bought a new stake in shares of Expro Group in the 2nd quarter valued at about $41,746,474. Institutional investors and hedge funds own 92.07% of the company’s stock.

Insider Buying and Selling

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the stock in a transaction on 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 in the company, valued at $721,390.72. This trade represents a 11.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Stock Down 0.1%

Expro Group stock opened at $17.59 on Monday. The company’s 50-day moving average price is $16.16 and its two-hundred day moving average price is $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. The stock 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.

Expro Group (NYSE:XPRO) last issued 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). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The firm had revenue of $393.18 million for the quarter, compared to the consensus estimate of $387.36 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue was down 7.0% on a year-over-year basis. As a group, analysts expect that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XPRO. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research note on Thursday, June 4th. KeyCorp upgraded Expro Group to a “neutral” rating 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 research note on Wednesday, July 29th. Barclays decreased their target price on Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Expro Group presently has an average rating of “Hold” and a consensus 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.