Connable Office Inc. Invests $440,000 in Expro Group Holdings N.V. $XPRO

Connable Office Inc. acquired a new stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) during the fourth quarter, HoldingsChannel reports. The fund acquired 32,977 shares of the company’s stock, valued at approximately $440,000.

Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in Expro Group in the 3rd quarter worth $47,000. Tower Research Capital LLC TRC boosted its stake in shares of Expro Group by 594.7% in the second quarter. Tower Research Capital LLC TRC now owns 11,942 shares of the company’s stock worth $103,000 after acquiring an additional 10,223 shares during the period. Strs Ohio bought a new position in shares of Expro Group in the first quarter worth about $104,000. US Bancorp DE grew its position in shares of Expro Group by 8.6% during the third quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after purchasing an additional 799 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Expro Group by 773.1% during the third quarter. PNC Financial Services Group Inc. now owns 10,285 shares of the company’s stock worth $122,000 after purchasing an additional 9,107 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on XPRO shares. Barclays raised their target price on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday. Freedom Capital downgraded shares of Expro Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Weiss Ratings lowered Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, Piper Sandler lifted their target price on Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Expro Group currently has an average rating of “Hold” and an average price target of $16.50.

Expro Group Stock Down 1.1%

Shares of NYSE:XPRO opened at $15.39 on Friday. The business’s 50 day moving average is $16.99 and its 200 day moving average is $15.47. The stock has a market cap of $1.75 billion, a P/E ratio of 48.11 and a beta of 0.97. Expro Group Holdings N.V. has a 52-week low of $7.57 and a 52-week high of $18.73. The company has a quick ratio of 1.79, a current ratio of 2.13 and a debt-to-equity ratio of 0.06.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $382.13 million for the quarter, compared to the consensus estimate of $413.47 million. Expro Group had a return on equity of 3.91% and a net margin of 2.32%.The business’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. Sell-side analysts predict that Expro Group Holdings N.V. will post 0.3 EPS for the current 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.