Wellington Management Group LLP Invests $3.06 Million in Expro Group Holdings N.V. $XPRO

Key Points

• Wellington Management initiated a 207,369-share position in Expro Group valued at approximately $3.06 million, while institutional investors collectively own 92.07% of the company.
• Expro Group reported quarterly EPS of $0.15, below the $0.17 consensus estimate, despite revenue of $393.18 million exceeding expectations; revenue declined 7% year over year.
• XPRO recently traded at $17.55, and analysts have a consensus “Hold” rating with an average price target of $18.00.

Wellington Management Group LLP purchased a new position in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 207,369 shares of the company's stock, valued at approximately $3,063,000. Wellington Management Group LLP owned approximately 0.18% of Expro Group as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in XPRO. BlackRock Inc. acquired a new position in Expro Group during the 2nd quarter worth approximately $117,773,000. Webs Creek Capital Management LP acquired a new stake in shares of Expro Group in the 2nd quarter valued at approximately $41,746,474. Price T Rowe Associates Inc. MD boosted its stake in shares of Expro Group by 20.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company's stock valued at $147,264,000 after buying an additional 1,878,245 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Expro Group during the second quarter worth $25,762,000. Finally, Bridgeway Capital Management LLC purchased a new position in Expro Group in the fourth quarter worth $12,263,000. Hedge funds and other institutional investors own 92.07% of the company's stock.

Expro Group Stock Down 3.5%

XPRO opened at $17.55 on Friday. The firm has a market cap of $1.97 billion, a P/E ratio of 97.53 and a beta of 0.92. The business's fifty day simple moving average is $16.88 and its 200 day simple moving average is $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 quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06.

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

Wall Street Analyst Weigh In

Several brokerages have commented on XPRO. Weiss Ratings raised shares of Expro Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 29th. Barclays lowered their target price on shares of Expro Group from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Freedom Capital raised shares of Expro Group from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. The Goldman Sachs Group set a $19.00 price objective on Expro Group in a research note on Thursday, June 4th. Finally, Zacks Research raised Expro Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $18.00.

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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