Connor Clark & Lunn Investment Management Ltd. Invests $964,000 in Expro Group Holdings N.V. $XPRO

Key Points

• Connor Clark & Lunn Investment Management purchased 65,244 Expro Group shares worth approximately $964,000, acquiring a 0.06% stake. Institutional investors collectively own 92.07% of XPRO.
• Expro reported quarterly EPS of $0.15, below the $0.17 consensus estimate, while revenue of $393.18 million exceeded expectations; revenue declined 7% year over year.
• XPRO carries a consensus “Hold” rating with an average price target of $18.00. The stock recently opened at $17.59, within its 52-week range of $11.60 to $19.23.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 65,244 shares of the company's stock, valued at approximately $964,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Expro Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV purchased a new position in Expro Group in the 1st quarter worth approximately $45,000. Global Retirement Partners LLC purchased a new stake in Expro Group during the 4th quarter valued at $51,000. Quadrant Capital Group LLC increased its holdings in shares of 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 purchasing an additional 3,813 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Expro Group by 43.8% in the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company's stock worth $71,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Expro Group in the fourth quarter worth $69,000. Institutional investors own 92.07% of the company's stock.

Insider Activity

In related news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction that occurred 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 sale, the director owned 47,648 shares of the company's stock, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.80% of the company's stock.

Expro Group Stock Performance

NYSE:XPRO opened at $17.59 on Monday. The stock has a 50-day simple moving average of $16.16 and a two-hundred day simple moving average of $16.41. The firm has a market capitalization of $1.98 billion, a PE ratio of 97.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. 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 earnings results on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The firm had revenue of $393.18 million for the quarter, compared to the consensus estimate of $387.36 million. Expro Group had a return on equity of 3.27% and a net margin of 1.33%.Expro Group's revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. Analysts forecast that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Analyst Ratings Changes

XPRO has been the topic of a number of research analyst reports. KeyCorp raised Expro Group to a "neutral" rating in a report on Thursday, June 4th. Weiss Ratings upgraded shares of Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 29th. Freedom Capital raised shares of Expro Group from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. Barclays reduced their price target on shares of Expro Group from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Finally, The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to 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.

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