HPS Investment Partners LLC Has $9.78 Million Stock Holdings in Expro Group Holdings N.V. $XPRO

Key Points

• HPS Investment Partners LLC has reduced its stake in Expro Group Holdings N.V. by 45.4%, owning approximately $9.78 million worth of stock after selling 816,436 shares in the first quarter.
• Expro Group's quarterly earnings beat analysts' expectations, reporting $0.16 earnings per share, while the company generated $422.74 million in revenue.
• The stock has been assigned an average price target of $12.50 by analysts, with the consensus rating being a "Moderate Buy."

HPS Investment Partners LLC cut its position in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 45.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 983,761 shares of the company's stock after selling 816,436 shares during the quarter. Expro Group accounts for 0.6% of HPS Investment Partners LLC's portfolio, making the stock its 2nd largest position. HPS Investment Partners LLC owned about 0.85% of Expro Group worth $9,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Magnetar Financial LLC acquired a new position in shares of Expro Group in the 1st quarter valued at about $368,000. Trexquant Investment LP acquired a new position in shares of Expro Group in the 1st quarter valued at about $1,334,000. Earnest Partners LLC increased its holdings in shares of Expro Group by 60.0% in the 1st quarter. Earnest Partners LLC now owns 7,140,421 shares of the company's stock valued at $70,976,000 after purchasing an additional 2,678,489 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Expro Group by 4.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 36,015 shares of the company's stock valued at $358,000 after purchasing an additional 1,500 shares during the period. Finally, Walleye Capital LLC increased its holdings in shares of Expro Group by 23.2% in the 1st quarter. Walleye Capital LLC now owns 40,221 shares of the company's stock valued at $400,000 after purchasing an additional 7,567 shares during the period. 92.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Expro Group Stock Performance

Shares of NYSE XPRO traded down $0.34 during mid-day trading on Wednesday, hitting $11.99. The company had a trading volume of 1,045,538 shares, compared to its average volume of 1,125,088. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 1.78. The business's 50-day simple moving average is $10.19 and its 200-day simple moving average is $9.66. Expro Group Holdings N.V. has a 12 month low of $6.70 and a 12 month high of $18.79. The firm has a market cap of $1.39 billion, a P/E ratio of 15.21 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 net margin of 4.26% and a return on equity of 6.43%. The business had revenue of $422.74 million during 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. As a group, analysts predict that Expro Group Holdings N.V. will post 0.68 earnings per share for the current fiscal year.

Expro Group Company 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.