Expro Group Holdings N.V. (NYSE:XPRO) Stake Lessened by TD Asset Management Inc

TD Asset Management Inc cut its stake in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 91.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,068 shares of the company's stock after selling 122,004 shares during the quarter. TD Asset Management Inc's holdings in Expro Group were worth $120,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its holdings in Expro Group by 27.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock worth $138,736,000 after buying an additional 2,426,258 shares in the last quarter. Vanguard Group Inc. raised its holdings in Expro Group by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company's stock valued at $127,646,000 after acquiring an additional 260,914 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Expro Group by 18.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company's stock worth $59,283,000 after purchasing an additional 728,836 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Expro Group by 11.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,376,250 shares of the company's stock worth $54,573,000 after purchasing an additional 436,411 shares in the last quarter. Finally, Encompass Capital Advisors LLC increased its holdings in Expro Group by 33.0% in the fourth quarter. Encompass Capital Advisors LLC now owns 2,574,122 shares of the company's stock valued at $32,099,000 after buying an additional 638,324 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on XPRO. The Goldman Sachs Group lowered their price target on Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Barclays lifted their target price on Expro Group from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Pickering Energy Partners initiated coverage on Expro Group in a research report on Monday, July 28th. They set an "outperform" rating for the company. Wells Fargo & Company initiated coverage on Expro Group in a research report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 target price on the stock. Finally, Piper Sandler initiated coverage on shares of Expro Group in a report on Tuesday, July 15th. They set a "neutral" rating and a $10.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Expro Group presently has a consensus rating of "Moderate Buy" and an average target price of $12.25.

Expro Group Stock Performance

Shares of NYSE XPRO traded down $0.04 during midday trading on Friday, hitting $10.26. 448,740 shares of the company's stock were exchanged, compared to its average volume of 1,241,754. Expro Group Holdings N.V. has a twelve month low of $6.70 and a twelve month high of $21.57. The firm has a market cap of $1.19 billion, a P/E ratio of 16.79 and a beta of 1.20. The stock's 50 day moving average price is $9.20 and its 200-day moving average price is $9.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 1.78.

Expro Group (NYSE:XPRO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. Expro Group had a return on equity of 6.43% and a net margin of 4.26%. The company had revenue of $422.74 million during the quarter, compared to analyst estimates of $408.04 million. Equities research analysts anticipate that Expro Group Holdings N.V. will post 0.68 EPS for the current year.

Expro Group Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.