Deutsche Bank AG Makes New Investment in Expro Group Holdings N.V. $XPRO

Key Points

• Deutsche Bank initiated a position in Expro Group during the second quarter, buying 172,661 shares valued at approximately $2.55 million. Institutional investors collectively own 92.07% of XPRO.
• Analyst sentiment remains mixed: MarketBeat reports an average rating of “Hold” and an average price target of $18, while individual firms issued ratings ranging from Strong Buy to Sell.
• Expro Group’s latest quarterly results fell short on earnings, with EPS of $0.15 versus expectations of $0.17, although revenue of $393.18 million exceeded forecasts. Revenue declined 7% year over year.

Deutsche Bank AG bought a new stake in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 172,661 shares of the company's stock, valued at approximately $2,550,000. Deutsche Bank AG owned about 0.15% of Expro Group as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. US Bancorp DE lifted its position in 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 grew its holdings in shares of Expro Group by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 331,758 shares of the company's stock valued at $4,429,000 after purchasing an additional 945 shares during the last quarter. Focus Partners Wealth raised its position in Expro Group by 5.9% in the 3rd quarter. Focus Partners Wealth now owns 17,147 shares of the company's stock worth $206,000 after purchasing an additional 954 shares during the period. Royal Bank of Canada raised its position in 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 during the period. Finally, Jane Street Group LLC lifted its stake in 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 purchasing an additional 1,446 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on XPRO shares. Zacks Research upgraded Expro Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, July 29th. Barclays dropped their price objective on Expro Group from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. KeyCorp upgraded shares of Expro Group to a "neutral" rating in a report on Thursday, June 4th. Finally, Freedom Capital raised shares of Expro Group from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $18.00.

Insider Buying and Selling

In other Expro Group 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 directly owned 47,648 shares of the company's stock, valued at approximately $721,390.72. The trade was a 11.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by company insiders.

Expro Group Price Performance

XPRO opened at $18.09 on Friday. 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. The stock has a market capitalization of $2.03 billion, a PE ratio of 100.52 and a beta of 0.90. The stock's 50 day moving average price is $16.09 and its 200-day moving average price is $16.41.

Expro Group (NYSE:XPRO - Get Free Report) last announced its quarterly 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). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The business had revenue of $393.18 million during the quarter, compared to analysts' expectations of $387.36 million. During the same period in the previous year, the business earned $0.30 EPS. The business's revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts predict that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

About Expro Group

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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