T. Rowe Price Investment Management Inc. Sells 4,069,103 Shares of Expro Group Holdings N.V. $XPRO

Key Points

• T. Rowe Price Investment Management Inc. has reduced its stake in Expro Group Holdings N.V. by 36.6%, now holding approximately 6.12% of the company's shares, valued at around $70.1 million.
• Analysts have issued positive ratings on Expro Group, with price targets ranging from $11.00 to $15.00, and the stock currently has a consensus rating of "Moderate Buy".
• Expro Group reported earnings of $0.16 per share, surpassing expectations, and has projected earnings growth with an estimated 0.68 EPS for the current year.

T. Rowe Price Investment Management Inc. cut its holdings in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 36.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,056,403 shares of the company's stock after selling 4,069,103 shares during the quarter. T. Rowe Price Investment Management Inc. owned 6.12% of Expro Group worth $70,141,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in shares of Expro Group by 824.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock valued at $38,000 after acquiring an additional 2,705 shares during the last quarter. Fifth Third Bancorp purchased a new position in Expro Group in the first quarter valued at about $87,000. Brighton Jones LLC bought a new stake in Expro Group during the 1st quarter valued at $103,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 purchasing an additional 10,391 shares during the period. Finally, Versor Investments LP bought a new position in shares of Expro Group in the 1st quarter worth $111,000. Institutional investors and hedge funds own 92.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on XPRO. Wells Fargo & Company started coverage on Expro Group in a report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 target price on the stock. Pickering Energy Partners started coverage on Expro Group in a research note 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 stock an "overweight" rating in a report on Friday, August 1st. Finally, Piper Sandler boosted their price target on shares of Expro Group from $10.00 to $11.00 and gave the stock 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 assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.50.

Expro Group Stock Performance

Shares of Expro Group stock traded down $0.05 on Thursday, hitting $12.36. The stock had a trading volume of 256,470 shares, compared to its average volume of 1,236,478. The company has a quick ratio of 1.78, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 20.21 and a beta of 1.20. The business's 50 day moving average is $9.84 and its two-hundred day moving average is $9.69. Expro Group Holdings N.V. has a twelve month low of $6.70 and a twelve month high of $20.18.

Expro Group (NYSE:XPRO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $422.74 million during the quarter, compared to the consensus estimate of $408.04 million. Expro Group had a return on equity of 6.43% and a net margin of 4.26%. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast 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.