Jennison Associates LLC Invests $58.17 Million in Expro Group Holdings N.V. $XPRO

Jennison Associates LLC bought a new position in Expro Group Holdings N.V. (NYSE:XPRO) in the 4th quarter, HoldingsChannel.com reports. The firm bought 4,356,921 shares of the company’s stock, valued at approximately $58,165,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Expro Group by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,626,402 shares of the company’s stock worth $126,242,000 after acquiring an additional 38,826 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Expro Group by 35.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,553,748 shares of the company’s stock worth $13,347,000 after acquiring an additional 405,168 shares in the last quarter. Boston Partners grew its stake in shares of Expro Group by 6.9% in the 3rd quarter. Boston Partners now owns 1,435,293 shares of the company’s stock worth $17,054,000 after acquiring an additional 92,888 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Expro Group by 113.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company’s stock worth $8,069,000 after acquiring an additional 499,826 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of 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 acquiring an additional 292,198 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on XPRO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st. Barclays upped their target price on shares of Expro Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Piper Sandler upped their target price 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. Finally, Freedom Capital lowered shares of Expro Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Three 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.00.

Expro Group Price Performance

XPRO opened at $18.22 on Friday. The firm has a market cap of $2.07 billion, a P/E ratio of 40.48 and a beta of 0.96. The firm has a 50-day moving average of $17.07 and a 200 day moving average of $15.34. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.79 and a current ratio of 2.16. Expro Group Holdings N.V. has a fifty-two week low of $7.57 and a fifty-two week high of $18.73.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $382.13 million during the quarter, compared to analyst estimates of $413.47 million. Expro Group had a net margin of 3.22% and a return on equity of 5.09%. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. On average, research analysts expect that Expro Group Holdings N.V. will post 0.3 EPS for the current year.

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.