Expro Group Holdings N.V. $XPRO Shares Sold by Price T Rowe Associates Inc. MD

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 trimmed its position in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 14.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,762,145 shares of the company's stock after selling 614,105 shares during the quarter. Price T Rowe Associates Inc. MD owned 3.26% of Expro Group worth $37,397,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in shares of Expro Group during the 1st quarter valued at about $87,000. Brighton Jones LLC purchased a new stake in shares of Expro Group during the 1st quarter valued at about $103,000. Tower Research Capital LLC TRC raised its holdings 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 valued at $139,000 after buying an additional 10,391 shares during the period. Versor Investments LP purchased a new stake in shares of Expro Group during the 1st quarter valued at about $111,000. Finally, GAMMA Investing LLC raised its holdings in shares of Expro Group by 3,351.6% during the 1st quarter. GAMMA Investing LLC now owns 11,839 shares of the company's stock valued at $1,191,000 after buying an additional 11,496 shares during the period. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Expro Group Stock Down 1.2%

XPRO stock traded down $0.15 during midday trading on Tuesday, hitting $12.32. 1,219,340 shares of the company's stock were exchanged, compared to its average volume of 1,125,088. The company has a current ratio of 2.14, a quick ratio of 1.78 and a debt-to-equity ratio of 0.09. Expro Group Holdings N.V. has a 12-month low of $6.70 and a 12-month high of $19.39. The firm has a 50 day moving average price of $10.12 and a 200-day moving average price of $9.64. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 20.19 and a beta of 1.24.

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