Russell Investments Group Ltd. Purchases 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. raised 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 filing with the SEC. The institutional investor owned 200,274 shares of the company's stock after acquiring 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 filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC acquired a new stake in shares of Expro Group in the fourth quarter valued at approximately $21,711,000. Brown Advisory Inc. increased its stake in Expro Group by 108.3% in the 4th quarter. Brown Advisory Inc. now owns 1,686,177 shares of the company's stock valued at $21,027,000 after buying an additional 876,619 shares during the last quarter. Nuveen LLC bought a new stake in Expro Group during the 1st quarter worth about $8,231,000. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 728,836 shares during the last quarter. Finally, Encompass Capital Advisors LLC grew its holdings in shares of Expro Group by 33.0% in the 4th quarter. Encompass Capital Advisors LLC now owns 2,574,122 shares of the company's stock valued at $32,099,000 after acquiring an additional 638,324 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company's stock.

Expro Group Stock Performance

Expro Group stock traded down $0.07 during mid-day trading on Monday, hitting $12.50. 1,101,750 shares of the company's stock traded hands, compared to its average volume of 1,178,933. 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 has a 50 day simple moving average of $10.05 and a two-hundred day simple moving average of $9.62. Expro Group Holdings N.V. has a fifty-two week low of $6.70 and a fifty-two week high of $20.18. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 20.48 and a beta of 1.24.

Expro Group (NYSE:XPRO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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. On average, research analysts expect that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays upped their target price on Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company assumed coverage on Expro Group in a research note on Tuesday, May 27th. They set an "overweight" rating and a $12.00 price objective on the stock. Pickering Energy Partners started coverage on Expro Group in a report on Monday, July 28th. They issued an "outperform" rating for the company. Finally, Piper Sandler boosted their target price on shares of Expro Group from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Expro Group currently has a consensus rating of "Moderate Buy" and an average target price 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.