BlackRock Inc. Purchases Shares of 7,973,828 Expro Group Holdings N.V. $XPRO

BlackRock Inc. acquired a new position in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,973,828 shares of the company's stock, valued at approximately $117,773,000. BlackRock Inc. owned 7.10% of Expro Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Expro Group by 20.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company's stock worth $147,264,000 after purchasing an additional 1,878,245 shares during the period. Bridgeway Capital Management LLC acquired a new stake in Expro Group during the fourth quarter worth approximately $12,263,000. Dimensional Fund Advisors LP grew its position in Expro Group by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company's stock worth $103,023,000 after buying an additional 533,741 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Expro Group by 70.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,251,514 shares of the company's stock worth $16,708,000 after acquiring an additional 518,210 shares during the period. Finally, Empowered Funds LLC acquired a new position in Expro Group in the 4th quarter valued at $6,897,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XPRO has been the topic of several analyst reports. KeyCorp raised Expro Group to a "neutral" rating in a report on Thursday, June 4th. Weiss Ratings raised Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 29th. Freedom Capital raised Expro Group from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research report on Thursday, June 4th. Finally, Zacks Research upgraded shares of Expro Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 15th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, Expro Group has an average rating of "Hold" and a consensus price target of $18.00.

Expro Group Stock Down 2.7%

NYSE XPRO opened at $17.59 on Friday. The business has a fifty day moving average price of $16.16 and a two-hundred day moving average price of $16.42. The stock has a market capitalization of $1.98 billion, a PE ratio of 97.72 and a beta of 0.90. Expro Group Holdings N.V. has a fifty-two week low of $11.60 and a fifty-two week high of $19.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76.

Expro Group (NYSE:XPRO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The business had revenue of $393.18 million during the quarter, compared to the consensus estimate of $387.36 million. During the same quarter in the previous year, the business posted $0.30 EPS. The company's revenue for the quarter was down 7.0% on a year-over-year basis. Equities analysts expect that Expro Group Holdings N.V. will post 0.53 earnings per share 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 business'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 completion of the transaction, the director owned 47,648 shares of the company's stock, valued at approximately $721,390.72. The trade was a 11.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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.

Want to see what other hedge funds are holding XPRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expro Group Holdings N.V. (NYSE:XPRO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source