Earnest Partners LLC Trims Stock Position in Expro Group Holdings N.V. $XPRO

Earnest Partners LLC trimmed its stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,848,634 shares of the company’s stock after selling 353,648 shares during the quarter. Earnest Partners LLC owned about 6.03% of Expro Group worth $81,362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Expro Group by 32.9% in the third quarter. Bank of America Corp DE now owns 706,180 shares of the company’s stock valued at $8,389,000 after purchasing an additional 174,670 shares during the period. Creative Planning raised its stake in shares of Expro Group by 34.4% during the third quarter. Creative Planning now owns 41,065 shares of the company’s stock worth $488,000 after purchasing an additional 10,503 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Expro Group by 1,384.9% during the third quarter. Brooklyn Investment Group now owns 12,280 shares of the company’s stock worth $146,000 after purchasing an additional 11,453 shares during the period. Mariner Investment Group LLC acquired a new stake in shares of Expro Group during the third quarter worth $238,000. Finally, Interval Partners LP purchased a new position in Expro Group in the 3rd quarter valued at $1,322,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on XPRO. Freedom Capital downgraded shares of Expro Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Barclays lifted their target price on shares of Expro Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Piper Sandler lowered shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target on the stock. in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.25.

Expro Group Trading Up 1.2%

Shares of XPRO stock opened at $16.15 on Monday. The business’s fifty day moving average price is $16.26 and its 200 day moving average price is $14.26. The firm has a market capitalization of $1.84 billion, a PE ratio of 35.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.16 and a quick ratio of 1.79. Expro Group Holdings N.V. has a 1-year low of $6.70 and a 1-year high of $18.73.

Expro Group (NYSE:XPRO) last released its earnings results on Thursday, February 19th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.The company had revenue of $382.13 million during the quarter, compared to the consensus estimate of $413.47 million. During the same quarter last year, the company earned $0.19 earnings per share. Expro Group’s quarterly revenue was down 12.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal year.

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.