Price T Rowe Associates Inc. MD Cuts Stake in Expro Group Holdings N.V. $XPRO

Key Points

• Price T Rowe Associates Inc. MD has reduced its stake in Expro Group Holdings N.V. by 14.0%, owning approximately 3.26% of the company valued at $37.4 million after selling 614,105 shares.
• Several institutional investors have increased their holdings, with American Century Companies Inc. raising its stake by 20.4%, now owning over 5 million shares worth $50.4 million.
• Analysts' ratings for Expro Group stock range from Buy to Neutral, with a consensus target price of $12.50 following recent price target adjustments.

Price T Rowe Associates Inc. MD reduced its stake in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 14.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,762,145 shares of the company's stock after selling 614,105 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.26% of Expro Group worth $37,397,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in XPRO. Raymond James Financial Inc. purchased a new stake in shares of Expro Group during the 4th quarter worth $376,000. First Trust Advisors LP boosted its position in shares of Expro Group by 56.8% during the 4th quarter. First Trust Advisors LP now owns 36,073 shares of the company's stock worth $450,000 after purchasing an additional 13,061 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Expro Group by 18.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company's stock worth $59,283,000 after purchasing an additional 728,836 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Expro Group by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 57,908 shares of the company's stock worth $722,000 after purchasing an additional 3,213 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Expro Group by 1,413.7% during the 4th 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 in the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPRO has been the topic of several recent research reports. Pickering Energy Partners initiated coverage on shares of Expro Group in a research report on Monday, July 28th. They issued an "outperform" rating on the stock. Barclays boosted their price objective on shares of Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company initiated coverage on shares of Expro Group in a research report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price objective on the stock. Finally, Piper Sandler boosted their price objective 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 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.50.

Expro Group Trading Down 2.7%

NYSE:XPRO traded down $0.33 on Tuesday, reaching $12.14. The stock had a trading volume of 173,663 shares, compared to its average volume of 1,233,957. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 19.85 and a beta of 1.24. 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 firm's fifty day moving average is $10.05 and its two-hundred day moving average is $9.62. Expro Group Holdings N.V. has a 12-month low of $6.70 and a 12-month high of $19.39.

Expro Group (NYSE:XPRO - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $422.74 million for the quarter, compared to analyst estimates of $408.04 million. Expro Group had a net margin of 4.26% and a return on equity of 6.43%. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal 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.