Expro Group Holdings N.V. $XPRO Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 56.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,681 shares of the company’s stock after acquiring an additional 39,283 shares during the quarter. Principal Financial Group Inc. owned 0.10% of Expro Group worth $1,892,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Abel Hall LLC acquired a new stake in shares of Expro Group during the 1st quarter worth approximately $185,000. Strs Ohio lifted its stake in shares of Expro Group by 42.9% in the 1st quarter. Strs Ohio now owns 34,300 shares of the company’s stock valued at $597,000 after purchasing an additional 10,300 shares during the period. Keybank National Association OH lifted its stake in shares of Expro Group by 11.0% in the 1st quarter. Keybank National Association OH now owns 26,105 shares of the company’s stock valued at $454,000 after purchasing an additional 2,596 shares during the period. Inspire Investing LLC boosted its holdings in Expro Group by 17.4% during the first quarter. Inspire Investing LLC now owns 41,242 shares of the company’s stock worth $718,000 after buying an additional 6,101 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Expro Group during the first quarter valued at $642,000. 92.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on XPRO. Barclays cut their price objective on shares of Expro Group from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. KeyCorp upgraded Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Piper Sandler upped their price target on Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.33.

Insider Buying and Selling at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the transaction, the director directly owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by company insiders.

Expro Group Price Performance

Shares of NYSE XPRO opened at $15.22 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. The firm has a fifty day moving average of $15.23 and a 200 day moving average of $16.15. The firm has a market cap of $1.71 billion, a PE ratio of 84.54 and a beta of 0.90. Expro Group Holdings N.V. has a one year low of $9.81 and a one year high of $18.73.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The company had revenue of $393.18 million for the quarter, compared to analysts’ expectations of $387.36 million. During the same period in the previous year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, research analysts predict that Expro Group Holdings N.V. will post 0.6 EPS for the current fiscal year.

About Expro Group

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.