Janney Montgomery Scott LLC Buys New Holdings in Expro Group Holdings N.V. $XPRO

Key Points

• Janney Montgomery Scott LLC acquired a new stake in Expro Group Holdings N.V., purchasing 99,446 shares valued at approximately $854,000 during the 2nd quarter.
• Expro Group's stock has recently received mixed ratings from analysts, with Barclays raising its target price to $15.00, while Piper Sandler set it at $11.00.
• The company reported strong earnings, with a quarterly profit of $0.16 per share, exceeding the consensus estimate of $0.12, and has set its FY 2025 guidance at 0.68 EPS.

Janney Montgomery Scott LLC purchased a new stake in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 99,446 shares of the company's stock, valued at approximately $854,000. Janney Montgomery Scott LLC owned approximately 0.09% of Expro Group at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XPRO. Fifth Third Bancorp purchased a new position in Expro Group during the 1st quarter valued at approximately $87,000. Pallas Capital Advisors LLC purchased a new position in shares of Expro Group in the 2nd quarter worth approximately $90,000. Brighton Jones LLC purchased a new position in shares of Expro Group in the 1st quarter worth approximately $103,000. Strs Ohio purchased a new position in shares of Expro Group in the 1st quarter worth approximately $104,000. Finally, Versor Investments LP purchased a new position in shares of Expro Group in the 1st quarter worth approximately $111,000. Hedge funds and other institutional investors own 92.07% of the company's stock.

Wall Street Analyst Weigh In

XPRO has been the subject of a number of recent research reports. Barclays lifted their target price on Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Piper Sandler upped their target price on Expro Group from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Pickering Energy Partners began coverage on shares of Expro Group in a report on Monday, July 28th. They issued an "outperform" rating for the company. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Expro Group in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.50.

Expro Group Stock Down 0.3%

Expro Group stock opened at $12.39 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.78 and a current ratio of 2.14. The business's 50-day simple moving average is $11.96 and its two-hundred day simple moving average is $9.86. The company has a market cap of $1.43 billion, a PE ratio of 20.32 and a beta of 1.11. Expro Group Holdings N.V. has a fifty-two week low of $6.70 and a fifty-two week high of $17.38.

Expro Group (NYSE:XPRO - Get Free Report) last posted its quarterly 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. The business had revenue of $422.74 million for 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. Equities analysts anticipate that Expro Group Holdings N.V. will post 0.68 EPS for the current 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.

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