Expro Group Holdings N.V. $XPRO Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its holdings in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 56.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 38,600 shares of the company’s stock after selling 50,200 shares during the quarter. Inspire Investing LLC’s holdings in Expro Group were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Nisa Investment Advisors LLC increased its stake in shares of Expro Group by 2,394.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $26,000 after acquiring an additional 2,897 shares during the period. GAMMA Investing LLC boosted its holdings in Expro Group by 54.3% in the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after purchasing an additional 871 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in Expro Group during the 2nd quarter worth about $90,000. Ameritas Investment Partners Inc. grew its position in Expro Group by 13.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company’s stock worth $91,000 after purchasing an additional 1,265 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Expro Group by 594.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,942 shares of the company’s stock valued at $103,000 after buying an additional 10,223 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on XPRO shares. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, October 8th. Piper Sandler downgraded Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a report on Thursday, December 18th. The Goldman Sachs Group upped their price objective on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Barclays lifted their target price on shares of Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Expro Group Stock Performance

NYSE XPRO opened at $13.37 on Friday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 22.67 and a beta of 1.04. The stock has a 50-day moving average of $13.73 and a 200 day moving average of $11.85. The company has a current ratio of 2.11, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07. Expro Group Holdings N.V. has a twelve month low of $6.70 and a twelve month high of $15.04.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $411.36 million during the quarter, compared to analysts’ expectations of $426.65 million. Expro Group had a return on equity of 6.41% and a net margin of 4.15%.The business’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. Sell-side analysts anticipate that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal year.

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.