Encompass Capital Advisors LLC Has $6.58 Million Stock Holdings in Expro Group Holdings N.V. $XPRO

Key Points

• Encompass Capital Advisors LLC significantly reduced its stake in Expro Group Holdings N.V., selling 1,912,619 shares and now holding 661,503 shares, which represents a 74.3% decrease in ownership.
• Expro Group's stock is currently trading at $11.99 with a market capitalization of $1.39 billion and has a one-year high of $18.79.
• The company exceeded earnings expectations for the recent quarter, reporting $0.16 EPS against an estimate of $0.12, alongside revenue of $422.74 million.

Encompass Capital Advisors LLC trimmed its holdings in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 74.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 661,503 shares of the company's stock after selling 1,912,619 shares during the quarter. Encompass Capital Advisors LLC owned about 0.57% of Expro Group worth $6,575,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

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

Expro Group Stock Performance

XPRO stock traded down $0.17 during trading on Friday, reaching $12.36. 1,766,706 shares of the stock were exchanged, compared to its average volume of 1,124,990. Expro Group Holdings N.V. has a twelve month low of $6.70 and a twelve month high of $18.75. The company has a market capitalization of $1.43 billion, a P/E ratio of 20.26 and a beta of 1.24. The stock has a 50 day simple moving average of $10.35 and a 200-day simple moving average of $9.61. 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 (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, 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 business had revenue of $422.74 million for the quarter, compared to the consensus estimate of $408.04 million. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Expro Group Holdings N.V. will post 0.68 earnings per share 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.