Deutsche Bank AG Acquires New Position in Expro Group Holdings N.V. $XPRO

Deutsche Bank AG acquired a new stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) in the second quarter, HoldingsChannel.com reports. The firm acquired 172,661 shares of the company’s stock, valued at approximately $2,550,000.

Several other large investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its position in Expro Group by 47.3% in the 1st quarter. AQR Capital Management LLC now owns 161,099 shares of the company’s stock valued at $1,601,000 after acquiring an additional 51,727 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Expro Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company’s stock valued at $559,000 after buying an additional 2,463 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Expro Group by 47.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock worth $8,982,000 after buying an additional 292,198 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Expro Group by 17.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 282,788 shares of the company’s stock worth $2,811,000 after buying an additional 42,203 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Expro Group by 732.6% in the 1st quarter. Jane Street Group LLC now owns 421,163 shares of the company’s stock worth $4,186,000 after buying an additional 370,579 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Expro Group Price Performance

XPRO opened at $18.09 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 100.52 and a beta of 0.90. The business’s fifty day simple moving average is $16.09 and its 200-day simple moving average is $16.41. Expro Group Holdings N.V. has a 12-month low of $11.60 and a 12-month high of $19.23.

Expro Group (NYSE:XPRO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The business had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. During the same quarter last year, the company posted $0.30 EPS. Expro Group’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Expro Group Holdings N.V. will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the sale, the director directly owned 47,648 shares of the company’s stock, valued at $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Expro Group 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.