Legal & General Group Plc Invests $1.52 Million in Expro Group Holdings N.V. $XPRO

Legal & General Group Plc bought a new stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 102,878 shares of the company’s stock, valued at approximately $1,520,000.

Other hedge funds have also bought and sold shares of the company. KBC Group NV bought a new position in shares of Expro Group in the first quarter worth about $45,000. Global Retirement Partners LLC purchased a new stake in Expro Group in the 4th quarter worth approximately $51,000. Quadrant Capital Group LLC increased its holdings in Expro Group by 2,978.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after acquiring an additional 3,813 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Expro Group during the 4th quarter worth approximately $69,000. Finally, Royal Bank of Canada raised its stake in Expro Group by 43.8% during the 1st 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 period. Institutional investors own 92.07% of the company’s stock.

Analyst Ratings Changes

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

Expro Group Trading Down 0.1%

XPRO stock opened at $17.95 on Monday. 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 Holdings N.V. has a 1-year low of $11.60 and a 1-year high of $19.23. The business has a 50 day simple moving average of $16.59 and a two-hundred day simple moving average of $16.47. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 99.72 and a beta of 0.92.

Expro Group (NYSE:XPRO) last released 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 the consensus estimate of $387.36 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s quarterly revenue was down 7.0% on a year-over-year basis. Research analysts anticipate that Expro Group Holdings N.V. will post 0.53 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.