JPMorgan Chase & Co. Sells 164,020 Shares of Expro Group Holdings N.V. $XPRO

Key Points

• JPMorgan reduced its stake in Expro by 79.3%, selling 164,020 shares in Q3 and now holds 42,730 shares valued at $508,000.
• Expro reported quarterly EPS of $0.21 which met estimates, but revenue of $382.13 million missed forecasts and was down 12.5% year‑over‑year.
• Analysts are mixed with a consensus "Hold" and an average target of $15.25; the stock trades near $17.08, has a market cap of $1.94 billion, and a 52‑week range of $7.57–$18.73.

JPMorgan Chase & Co. reduced its stake in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 79.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,730 shares of the company's stock after selling 164,020 shares during the quarter. JPMorgan Chase & Co.'s holdings in Expro Group were worth $508,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. bought a new stake in Expro Group during the third quarter worth approximately $131,000. Oberweis Asset Management Inc. bought a new stake in Expro Group during the third quarter worth approximately $5,174,000. Dark Forest Capital Management LP bought a new stake in Expro Group during the third quarter worth approximately $477,000. PharVision Advisers LLC bought a new stake in Expro Group during the third quarter worth approximately $152,000. Finally, Lighthouse Investment Partners LLC bought a new stake in Expro Group during the third quarter worth approximately $891,000. 92.07% of the stock is owned by institutional investors.

Expro Group Stock Up 2.3%

Shares of NYSE XPRO opened at $17.08 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.79 and a current ratio of 2.16. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 37.95 and a beta of 0.96. The stock has a 50 day moving average price of $16.93 and a 200 day moving average price of $14.97. Expro Group Holdings N.V. has a 52-week low of $7.57 and a 52-week high of $18.73.

Expro Group (NYSE:XPRO - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. The firm had revenue of $382.13 million during the quarter, compared to analyst estimates of $413.47 million. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.Expro Group's quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. Sell-side analysts expect that Expro Group Holdings N.V. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

XPRO has been the subject of several recent analyst reports. Freedom Capital lowered Expro Group from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 4th. Barclays boosted their target price on Expro Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. Piper Sandler lowered Expro Group from a "neutral" rating to an "underweight" rating and set a $13.00 target price for the company. in a research report on Thursday, December 18th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Expro Group in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $15.25.

Expro Group Profile

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.

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