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

SIR Capital Management L.P. grew its position in Expro Group Holdings (NYSE:XPRO) by 95.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 972,759 shares of the company’s stock after purchasing an additional 475,897 shares during the period. SIR Capital Management L.P. owned about 0.83% of Expro Group worth $12,130,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Expro Group in the fourth quarter valued at about $27,000. Sterling Capital Management LLC raised its stake in shares of Expro Group by 824.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock valued at $38,000 after acquiring an additional 2,705 shares during the last quarter. US Bancorp DE boosted its holdings in shares of 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 acquiring an additional 1,497 shares in the last quarter. KBC Group NV grew its position in Expro Group by 75.3% during the 4th quarter. KBC Group NV now owns 5,968 shares of the company’s stock worth $74,000 after acquiring an additional 2,563 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Expro Group by 1,413.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company’s stock valued at $139,000 after purchasing an additional 10,391 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on XPRO shares. The Goldman Sachs Group reduced their price objective on Expro Group from $17.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Barclays reduced 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 report on Wednesday, May 7th.

Expro Group Stock Performance

Shares of Expro Group stock opened at $8.26 on Friday. The firm has a 50 day simple moving average of $8.93 and a 200 day simple moving average of $11.53. Expro Group Holdings has a fifty-two week low of $6.70 and a fifty-two week high of $24.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The firm has a market cap of $953.13 million, a P/E ratio of 59.00, a P/E/G ratio of 1.28 and a beta of 1.17.

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.