Jupiter Topco LLC Invests $663,000 in Expro Group Holdings N.V. $XPRO

Jupiter Topco LLC purchased a new stake in Expro Group Holdings N.V. (NYSE:XPRO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 44,888 shares of the company’s stock, valued at approximately $663,000.

A number of other hedge funds have also recently added to or reduced their stakes in XPRO. US Bancorp DE raised its stake in shares of Expro Group by 8.6% in the third quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after acquiring an additional 799 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Expro Group by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock valued at $4,429,000 after buying an additional 945 shares during the period. Focus Partners Wealth raised its position in shares of Expro Group by 5.9% during the third quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock worth $206,000 after acquiring an additional 954 shares during the last quarter. Royal Bank of Canada raised its position in shares of Expro Group by 43.8% during the first quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock worth $71,000 after acquiring an additional 1,222 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Expro Group by 3.1% during the fourth quarter. Jane Street Group LLC now owns 48,691 shares of the company’s stock valued at $650,000 after acquiring an additional 1,446 shares during the period. Institutional investors own 92.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on XPRO shares. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research note on Thursday, June 4th. Barclays dropped their price target on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Finally, Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

Expro Group Stock Performance

XPRO stock opened at $17.95 on Monday. The firm has a market cap of $2.02 billion, a PE ratio of 99.72 and a beta of 0.92. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $16.59 and its two-hundred day moving average price is $16.47. Expro Group Holdings N.V. has a 1-year low of $11.60 and a 1-year high of $19.23.

Expro Group (NYSE:XPRO) last issued 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 business had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Expro Group’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, research analysts forecast that Expro Group Holdings N.V. will post 0.53 earnings per share for the current year.

Expro Group 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.