Pinnacle Holdings LLC Purchases New Holdings in Expro Group Holdings N.V. $XPRO

Pinnacle Holdings LLC acquired a new position in Expro Group Holdings N.V. (NYSE:XPRO) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 71,526 shares of the company’s stock, valued at approximately $1,056,000.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Expro Group in the 2nd quarter valued at $98,000. William Blair Investment Management LLC acquired a new position in shares of Expro Group during the second quarter valued at $25,762,000. Ieq Capital LLC acquired a new position in shares of Expro Group during the second quarter valued at $471,000. BlackRock Inc. bought a new position in Expro Group in the second quarter valued at about $117,773,000. Finally, Pallas Capital Advisors LLC acquired a new stake in Expro Group in the second quarter worth about $154,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Trading Up 0.4%

NYSE:XPRO opened at $18.30 on Monday. Expro Group Holdings N.V. has a 1-year low of $11.60 and a 1-year high of $19.23. The business’s 50-day moving average price is $15.85 and its two-hundred day moving average price is $16.36. 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 firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 101.67 and a beta of 0.90.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

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.