Russell Investments Group Ltd. Buys 192,164 Shares of Expro Group Holdings N.V. $XPRO

Key Points

• Russell Investments Group Ltd. increased its stake in Expro Group Holdings N.V. by 2,369.5%, owning 200,274 shares worth approximately $1.99 million after purchasing an additional 192,164 shares.
• Expro Group reported quarterly earnings of $0.16 per share, exceeding analysts' estimates, with revenue reaching $422.74 million, surpassing expectations of $408.04 million.
• Analysts have issued a consensus rating of "Moderate Buy" for Expro Group, with an average price target of $12.50 following recent rating changes from firms including Barclays and Piper Sandler.

Russell Investments Group Ltd. lifted its position in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 2,369.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 200,274 shares of the company's stock after purchasing an additional 192,164 shares during the period. Russell Investments Group Ltd. owned about 0.17% of Expro Group worth $1,991,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of XPRO. HighTower Advisors LLC bought a new position in shares of Expro Group in the 1st quarter worth about $125,000. Nuveen LLC purchased a new position in Expro Group during the 1st quarter valued at about $8,231,000. Deutsche Bank AG lifted its position in Expro Group by 68.8% during the 1st quarter. Deutsche Bank AG now owns 155,663 shares of the company's stock valued at $1,547,000 after acquiring an additional 63,445 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Expro Group by 7.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,239,957 shares of the company's stock valued at $12,325,000 after acquiring an additional 82,402 shares during the period. Finally, Connable Office Inc. lifted its position in Expro Group by 56.8% during the 1st quarter. Connable Office Inc. now owns 34,418 shares of the company's stock valued at $342,000 after acquiring an additional 12,461 shares during the period. Institutional investors own 92.07% of the company's stock.

Expro Group Stock Performance

Shares of Expro Group stock traded down $0.07 during trading hours on Friday, reaching $12.50. 1,101,750 shares of the stock traded hands, compared to its average volume of 1,203,619. The company has a 50 day moving average price of $9.97 and a 200 day moving average price of $9.68. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.32 and a beta of 1.20. Expro Group Holdings N.V. has a one year low of $6.70 and a one year high of $20.18. The company has a quick ratio of 1.78, a current ratio of 2.14 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly 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 business had revenue of $422.74 million during 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. On average, equities research analysts expect that Expro Group Holdings N.V. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on XPRO shares. Piper Sandler lifted their price target on shares of Expro Group from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Barclays lifted their price target on Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Pickering Energy Partners initiated coverage on Expro Group in a research note on Monday, July 28th. They issued an "outperform" rating for the company. Finally, Wells Fargo & Company began coverage on Expro Group in a research report on Tuesday, May 27th. They set an "overweight" rating and a $12.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Expro Group presently has an average rating of "Moderate Buy" and an average price target of $12.50.

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.