William Blair Investment Management LLC Invests $25.76 Million in Expro Group Holdings N.V. $XPRO

William Blair Investment Management LLC acquired a new stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,744,206 shares of the company’s stock, valued at approximately $25,762,000. William Blair Investment Management LLC owned about 1.55% of Expro Group at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XPRO. Ieq Capital LLC bought a new position in Expro Group during the 2nd quarter valued at about $471,000. BlackRock Inc. purchased a new stake in Expro Group in the second quarter worth approximately $117,773,000. Pallas Capital Advisors LLC bought a new stake in Expro Group in the 2nd quarter worth approximately $154,000. Deutsche Bank AG purchased a new stake in Expro Group during the 2nd quarter valued at $2,550,000. Finally, Global Retirement Partners LLC purchased a new stake in Expro Group during the 2nd quarter valued at $62,000. 92.07% of the stock is currently owned by institutional investors.

Expro Group Stock Performance

Expro Group stock opened at $18.30 on Friday. The company’s 50-day moving average price is $15.85 and its 200-day moving average price is $16.36. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.06 billion, a PE ratio of 101.67 and a beta of 0.90. Expro Group Holdings N.V. has a twelve month low of $11.60 and a twelve month high of $19.23.

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). The company had revenue of $393.18 million during the quarter, compared to the consensus estimate of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. Expro Group’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. On average, equities research analysts forecast that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Expro Group

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the completion of the transaction, the director directly owned 47,648 shares of the company’s stock, valued at $721,390.72. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XPRO. Barclays cut their price objective on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 31st. The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research note on Thursday, June 4th. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research report on Thursday, June 4th. One 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. According to data from MarketBeat, Expro Group presently has a consensus rating of “Hold” and an average price target of $18.00.

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.