Viking Fund Management LLC Sells 70,000 Shares of Expro Group Holdings N.V. $XPRO

Key Points

• Viking Fund Management LLC has decreased its stake in Expro Group Holdings N.V. by 70%, selling 70,000 shares and now holding 30,000 shares worth approximately $258,000.
• Expro Group reported earnings of $0.16 EPS for the last quarter, surpassing estimates, and generated revenue of $422.74 million compared to the expected $408.04 million.
• The company currently has a consensus rating of "Moderate Buy" from analysts, with an average price target set at $12.50.

Viking Fund Management LLC reduced its stake in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 70.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,000 shares of the company's stock after selling 70,000 shares during the quarter. Viking Fund Management LLC's holdings in Expro Group were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XPRO. Fifth Third Bancorp acquired a new stake in Expro Group in the 1st quarter worth approximately $87,000. Pallas Capital Advisors LLC acquired a new stake in Expro Group in the 2nd quarter worth approximately $90,000. Brighton Jones LLC acquired a new position in shares of Expro Group during the first quarter worth approximately $103,000. Strs Ohio acquired a new position in shares of Expro Group during the first quarter worth approximately $104,000. Finally, Versor Investments LP acquired a new position in shares of Expro Group during the first quarter worth approximately $111,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Stock Up 0.3%

Shares of NYSE XPRO traded up $0.04 during mid-day trading on Monday, reaching $12.04. 828,683 shares of the company's stock were exchanged, compared to its average volume of 1,229,333. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 19.74 and a beta of 1.24. The company has a current ratio of 2.14, a quick ratio of 1.78 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $10.96 and a 200 day simple moving average of $9.63. Expro Group Holdings N.V. has a twelve month low of $6.70 and a twelve month high of $18.41.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.16 EPS for the quarter, topping 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 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. As a group, equities analysts expect that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XPRO shares. Piper Sandler boosted their price objective on Expro Group from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Barclays increased 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. Pickering Energy Partners started coverage on Expro Group in a report on Monday, July 28th. They set an "outperform" rating on the stock. Finally, Wells Fargo & Company started 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. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.50.

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.