SIR Capital Management L.P. Acquires 475,897 Shares of Expro Group Holdings (NYSE:XPRO)

SIR Capital Management L.P. raised its holdings in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 95.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 972,759 shares of the company's stock after acquiring an additional 475,897 shares during the quarter. SIR Capital Management L.P. owned approximately 0.83% of Expro Group worth $12,130,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in XPRO. US Bancorp DE boosted its stake in Expro Group by 56.0% in the 4th quarter. US Bancorp DE now owns 4,171 shares of the company's stock worth $52,000 after purchasing an additional 1,497 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Expro Group by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company's stock worth $671,000 after buying an additional 1,989 shares in the last quarter. R Squared Ltd bought a new position in shares of Expro Group during the fourth quarter worth $27,000. Rhumbline Advisers boosted its position in shares of Expro Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 153,159 shares of the company's stock worth $1,910,000 after acquiring an additional 2,477 shares during the last quarter. Finally, KBC Group NV grew its stake in Expro Group by 75.3% during the fourth quarter. KBC Group NV now owns 5,968 shares of the company's stock valued at $74,000 after acquiring an additional 2,563 shares in the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on XPRO shares. Barclays decreased their price target on shares of Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. The Goldman Sachs Group dropped their price target on Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th.

Expro Group Price Performance

Shares of NYSE:XPRO traded down $0.25 on Wednesday, reaching $7.96. The company's stock had a trading volume of 345,103 shares, compared to its average volume of 1,230,411. The company has a 50-day simple moving average of $8.79 and a 200 day simple moving average of $11.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. The company has a market cap of $918.51 million, a P/E ratio of 56.99, a PEG ratio of 1.28 and a beta of 1.17. Expro Group Holdings has a 52-week low of $6.70 and a 52-week high of $24.50.

About Expro Group

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.