Pinnacle Holdings LLC Takes $1.06 Million Position in Expro Group Holdings N.V. $XPRO

Pinnacle Holdings LLC bought a new stake in Expro Group Holdings N.V. (NYSE:XPRO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 71,526 shares of the company’s stock, valued at approximately $1,056,000. Pinnacle Holdings LLC owned 0.06% of Expro Group as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in XPRO. Price T Rowe Associates Inc. MD lifted its stake in Expro Group by 20.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock worth $147,264,000 after purchasing an additional 1,878,245 shares during the period. BlackRock Inc. acquired a new position in shares of Expro Group in the 2nd quarter worth approximately $117,773,000. Dimensional Fund Advisors LP raised its holdings in shares of Expro Group by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after buying an additional 533,741 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Expro Group by 7.9% during the 1st quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock worth $81,816,000 after buying an additional 342,449 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of Expro Group during the 2nd quarter worth approximately $25,762,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Stock Up 0.4%

Shares of XPRO opened at $18.30 on Monday. The company has a market capitalization of $2.06 billion, a P/E ratio of 101.67 and a beta of 0.90. Expro Group Holdings N.V. has a one year low of $11.60 and a one year high of $19.23. The business’s 50 day simple moving average is $15.85 and its 200-day simple moving average is $16.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76.

Expro Group (NYSE:XPRO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The business had revenue of $393.18 million for the quarter, compared to analyst estimates of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, sell-side analysts predict that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

XPRO has been the topic of a number of analyst reports. Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a 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. Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. 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 given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.00.

Insider Buying and Selling at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total value 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 SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.80% of the company’s stock.

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.