Oppenheimer Asset Management Inc. Raises Holdings in Expro Group Holdings (NYSE:XPRO)

Oppenheimer Asset Management Inc. lifted its holdings in Expro Group Holdings (NYSE:XPRO) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,748 shares of the company’s stock after buying an additional 7,867 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.07% of Expro Group worth $1,736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOKF NA purchased a new position in Expro Group in the first quarter valued at about $2,943,000. Jennison Associates LLC increased its stake in Expro Group by 129.3% in the 1st quarter. Jennison Associates LLC now owns 822,249 shares of the company’s stock valued at $16,420,000 after purchasing an additional 463,584 shares in the last quarter. Boston Partners raised its holdings in Expro Group by 24.1% during the first quarter. Boston Partners now owns 2,084,838 shares of the company’s stock worth $41,688,000 after purchasing an additional 404,392 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Expro Group by 5.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 3,568,505 shares of the company’s stock worth $56,811,000 after purchasing an additional 194,646 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Expro Group in the second quarter valued at $9,811,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Insider Activity

In related news, CTO Steven J. Russell sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $23.01, for a total transaction of $345,150.00. Following the transaction, the chief technology officer now directly owns 84,873 shares of the company’s stock, valued at approximately $1,952,927.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XPRO shares. Barclays lifted their target price on shares of Expro Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group restated a “neutral” rating and set a $23.00 price objective (up from $22.00) on shares of Expro Group in a research report on Monday, June 3rd.

Expro Group Stock Performance

Expro Group stock opened at $17.69 on Thursday. The stock has a fifty day moving average price of $20.52 and a 200 day moving average price of $20.49. Expro Group Holdings has a 52 week low of $14.33 and a 52 week high of $25.04. The firm has a market capitalization of $1.96 billion, a P/E ratio of -98.28, a PEG ratio of 1.90 and a beta of 0.97. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $469.64 million for the quarter, compared to analyst estimates of $419.20 million. Expro Group had a positive return on equity of 1.43% and a negative net margin of 0.84%. Equities research analysts anticipate that Expro Group Holdings will post 0.77 earnings per share for the current year.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.