Public Employees Retirement System of Ohio Makes New $1.23 Million Investment in Expro Group Holdings N.V. $XPRO

Key Points

• Public Employees Retirement System of Ohio purchased 83,518 Expro Group shares worth approximately $1.23 million, giving it a 0.07% stake. Institutional investors collectively own 92.07% of XPRO.
• Analyst sentiment is mixed: Zacks upgraded the stock to “strong buy,” while Barclays cut its price target to $19; MarketBeat reports a consensus “Hold” rating and an $18 price target.
• XPRO opened at $18.08, near its 52-week high of $19.23. In its latest quarter, Expro exceeded revenue expectations but missed EPS estimates, with revenue down 7% year over year.

Public Employees Retirement System of Ohio purchased a new stake in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 83,518 shares of the company's stock, valued at approximately $1,234,000. Public Employees Retirement System of Ohio owned 0.07% of Expro Group as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in XPRO. Price T Rowe Associates Inc. MD raised its stake in Expro Group by 20.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company's stock worth $147,264,000 after buying an additional 1,878,245 shares during the period. BlackRock Inc. acquired a new position in Expro Group in the second quarter valued at about $117,773,000. Dimensional Fund Advisors LP increased its holdings in shares of Expro Group by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company's stock worth $103,023,000 after acquiring an additional 533,741 shares in the last quarter. Jennison Associates LLC raised its position in shares of Expro Group by 7.9% during the first quarter. Jennison Associates LLC now owns 4,699,370 shares of the company's stock worth $81,816,000 after purchasing an additional 342,449 shares during the period. Finally, Webs Creek Capital Management LP acquired a new stake in shares of Expro Group during the second quarter worth about $41,746,474. Institutional investors own 92.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on XPRO. Zacks Research upgraded Expro Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 15th. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a report on Thursday, June 4th. KeyCorp raised shares of Expro Group to a "neutral" rating in a research note on Thursday, June 4th. Weiss Ratings upgraded shares of Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, July 29th. Finally, Barclays lowered their price objective on shares of Expro Group from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $18.00.

Expro Group Stock Up 0.7%

NYSE:XPRO opened at $18.08 on Wednesday. The stock has a 50-day simple moving average of $16.73 and a 200 day simple moving average of $16.49. Expro Group Holdings N.V. has a 52-week low of $11.60 and a 52-week high of $19.23. The company has a market cap of $2.03 billion, a PE ratio of 100.44 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13.

Expro Group (NYSE:XPRO - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The firm had revenue of $393.18 million during the quarter, compared to the consensus estimate of $387.36 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The company's revenue was down 7.0% on a year-over-year basis. On average, sell-side analysts expect that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

Expro Group Company 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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