Empowered Funds LLC Invests $8.21 Million in Expro Group Holdings N.V. $XPRO

Key Points

• Empowered Funds LLC acquired 555,581 shares of Expro Group Holdings, valued at approximately $8.21 million, giving it a 0.49% stake. Institutional investors collectively own 92.07% of the company.
• Expro Group 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.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an $18 price target. XPRO recently traded at $17.59, within its $11.60–$19.23 52-week range.

Empowered Funds LLC 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 13F filing with the SEC. The institutional investor acquired 555,581 shares of the company's stock, valued at approximately $8,206,000. Empowered Funds LLC owned about 0.49% of Expro Group at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC purchased a new position in shares of Expro Group in the 2nd quarter worth approximately $1,419,000. Jennison Associates LLC lifted its position in Expro Group by 7.9% during the first quarter. Jennison Associates LLC now owns 4,699,370 shares of the company's stock valued at $81,816,000 after acquiring an additional 342,449 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $103,023,000 after acquiring an additional 533,741 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in Expro Group in the second quarter valued at approximately $1,056,000. Finally, Webs Creek Capital Management LP acquired a new stake in Expro Group in the second quarter valued at approximately $41,746,474. Institutional investors own 92.07% of the company's stock.

Insider Activity

In related news, Director Eileen Goss Whelley sold 6,168 shares of the company's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the completion of the sale, the director owned 47,648 shares of the company's stock, valued at approximately $721,390.72. This represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Stock Performance

Shares of XPRO stock opened at $17.59 on Friday. The stock has a market cap of $1.98 billion, a PE ratio of 97.72 and a beta of 0.90. Expro Group Holdings N.V. has a 52-week low of $11.60 and a 52-week high of $19.23. The business has a 50-day simple moving average of $16.16 and a 200-day simple moving average of $16.42. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06.

Expro Group (NYSE:XPRO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The firm had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The company's revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. On average, equities analysts expect that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Zacks Research upgraded Expro Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 15th. Barclays dropped their target price on Expro Group from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. KeyCorp upgraded Expro Group to a "neutral" rating in a research note on Thursday, June 4th. Freedom Capital upgraded shares of Expro Group from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Expro Group presently has a consensus rating of "Hold" and a consensus price target of $18.00.

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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