Merewether Investment Management LP Raises Stock Position in Expro Group Holdings (NYSE:XPRO)

Merewether Investment Management LP boosted its position in Expro Group Holdings (NYSE:XPRO) by 10.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 290,484 shares of the company’s stock after purchasing an additional 26,300 shares during the quarter. Merewether Investment Management LP’s holdings in Expro Group were worth $4,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westfield Capital Management Co. LP purchased a new position in shares of Expro Group in the third quarter worth $26,481,000. Clearbridge Investments LLC bought a new position in shares of Expro Group during the second quarter valued at about $28,156,000. Loomis Sayles & Co. L P bought a new position in shares of Expro Group during the third quarter valued at about $16,159,000. Emerald Advisers LLC purchased a new stake in shares of Expro Group during the second quarter worth about $13,421,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Expro Group in the second quarter worth about $10,288,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays lowered their price target on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th.

Expro Group Trading Down 0.8 %

Shares of XPRO opened at $13.69 on Wednesday. The firm’s 50-day moving average price is $14.97 and its 200-day moving average price is $18.88. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 97.79, a PEG ratio of 1.64 and a beta of 1.00. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a 1-year low of $12.58 and a 1-year high of $24.50.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business had revenue of $422.83 million during the quarter, compared to analysts’ expectations of $436.62 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Sell-side analysts anticipate that Expro Group Holdings will post 0.7 EPS for the current year.

Expro Group Company Profile

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.