Earnest Partners LLC Purchases 2,678,489 Shares of Expro Group Holdings N.V. $XPRO

Key Points

• Earnest Partners LLC increased its stake in Expro Group Holdings N.V. by 60%, now owning over 7 million shares valued at approximately $70.98 million.
• Analysts have a "Moderate Buy" average rating for Expro Group, with target prices ranging from $11.00 to $15.00, reflecting positive market expectations.
• Expro Group reported earnings of $0.16 per share, exceeding estimates, and had a revenue of $422.74 million for the recent quarter.

Earnest Partners LLC boosted its holdings in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 60.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,140,421 shares of the company's stock after acquiring an additional 2,678,489 shares during the quarter. Earnest Partners LLC owned about 6.19% of Expro Group worth $70,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XPRO. Fifth Third Bancorp bought a new stake in Expro Group in the first quarter worth about $87,000. Brighton Jones LLC bought a new stake in Expro Group in the first quarter worth about $103,000. Versor Investments LP bought a new stake in Expro Group in the first quarter worth about $111,000. HighTower Advisors LLC bought a new stake in Expro Group in the first quarter worth about $125,000. Finally, Tower Research Capital LLC TRC raised its position in Expro Group by 1,413.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company's stock worth $139,000 after acquiring an additional 10,391 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors.

Expro Group Stock Down 1.9%

NYSE:XPRO traded down $0.24 on Tuesday, hitting $12.23. 323,473 shares of the company's stock traded hands, compared to its average volume of 1,234,812. The company has a current ratio of 2.14, a quick ratio of 1.78 and a debt-to-equity ratio of 0.09. Expro Group Holdings N.V. has a 1 year low of $6.70 and a 1 year high of $19.39. The firm has a 50-day moving average price of $10.05 and a 200-day moving average price of $9.62. The company has a market cap of $1.41 billion, a PE ratio of 20.06 and a beta of 1.24.

Expro Group (NYSE:XPRO - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $408.04 million. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on XPRO shares. Wells Fargo & Company started coverage on shares of Expro Group in a research report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price target on the stock. Barclays lifted their price target on Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Piper Sandler lifted their price target on Expro Group from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Finally, Pickering Energy Partners assumed coverage on Expro Group in a research note on Monday, July 28th. They issued an "outperform" rating on the stock. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.50.

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.