William Blair Investment Management LLC Has $28.51 Million Stake in Expro Group Holdings N.V. $XPRO

William Blair Investment Management LLC trimmed its holdings in Expro Group Holdings N.V. (NYSE:XPRO) by 9.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,135,539 shares of the company’s stock after selling 219,553 shares during the period. William Blair Investment Management LLC’s holdings in Expro Group were worth $28,509,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of Expro Group during the fourth quarter worth $51,000. State of Alaska Department of Revenue bought a new stake in shares of Expro Group in the third quarter worth $47,000. US Bancorp DE grew 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 purchasing an additional 799 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Expro Group by 773.1% in 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 during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Expro Group in the fourth quarter worth $139,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Stock Performance

Shares of XPRO opened at $15.95 on Monday. 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 stock has a market capitalization of $1.81 billion, a P/E ratio of 49.83 and a beta of 0.97. The firm’s fifty day simple moving average is $16.77 and its two-hundred day simple moving average is $15.66. Expro Group Holdings N.V. has a 12 month low of $7.59 and a 12 month high of $18.73.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 15th. Barclays boosted their price objective on shares of Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Weiss Ratings cut shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Expro Group presently has a consensus rating of “Hold” and an average target price of $16.50.

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.