SIR Capital Management L.P. Has $790,000 Stake in Expro Group Holdings N.V. $XPRO

SIR Capital Management L.P. decreased its holdings in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 87.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,169 shares of the company’s stock after selling 404,281 shares during the quarter. SIR Capital Management L.P. owned approximately 0.05% of Expro Group worth $790,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Expro Group during the fourth quarter worth $51,000. Quadrant Capital Group LLC boosted its holdings in Expro Group by 2,978.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after purchasing an additional 3,813 shares during the last quarter. US Bancorp DE boosted its holdings in Expro Group by 8.6% during 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. boosted its holdings in Expro Group by 773.1% during 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. acquired a new position in Expro Group during the fourth quarter worth $139,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Insiders Place Their Bets

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the completion of the sale, the director owned 47,648 shares in the company, valued at $721,390.72. The trade was a 11.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by company insiders.

Expro Group Price Performance

Shares of Expro Group stock opened at $16.47 on Friday. Expro Group Holdings N.V. has a twelve month low of $8.20 and a twelve month high of $18.73. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $16.37 and a two-hundred day simple moving average of $15.88. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 51.46 and a beta of 0.89.

Wall Street Analyst Weigh In

XPRO has been the subject of several recent research reports. Weiss Ratings cut shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. 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. The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research note on Thursday, June 4th. KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Finally, Freedom Capital upgraded shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.33.

Expro Group Company 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.