Bank of New York Mellon Corp Makes New Investment in Expro Group Holdings N.V. $XPRO

Bank of New York Mellon Corp bought a new stake in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 310,193 shares of the company's stock, valued at approximately $4,582,000. Bank of New York Mellon Corp owned about 0.28% of Expro Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in XPRO. US Bancorp DE grew 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 worth $120,000 after buying an additional 799 shares during the last quarter. Wells Fargo & Company MN raised its stake in Expro Group by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 331,758 shares of the company's stock valued at $4,429,000 after buying an additional 945 shares during the last quarter. Focus Partners Wealth boosted 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 worth $206,000 after acquiring an additional 954 shares in the last quarter. Royal Bank of Canada boosted 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 worth $71,000 after acquiring an additional 1,222 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of 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. 92.07% of the stock is owned by institutional investors.

Expro Group Trading Up 0.3%

Shares of NYSE:XPRO opened at $17.95 on Friday. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 99.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. The stock's 50-day simple moving average is $16.59 and its two-hundred day simple moving average is $16.47. Expro Group Holdings N.V. has a 52-week low of $11.60 and a 52-week high of $19.23.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 EPS 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 net margin of 1.33% and a return on equity of 3.27%. Expro Group's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS. Analysts expect that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XPRO. KeyCorp upgraded shares of Expro Group to a "neutral" rating in a research note on Thursday, June 4th. Weiss Ratings raised shares of Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, July 29th. Barclays dropped their target price on shares of Expro Group from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Freedom Capital upgraded shares of Expro Group from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. 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 issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.

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