Connable Office Inc. Lowers Holdings in Expro Group Holdings (NYSE:XPRO)

Connable Office Inc. lowered its holdings in shares of Expro Group Holdings (NYSE:XPRO) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,957 shares of the company’s stock after selling 813 shares during the quarter. Connable Office Inc.’s holdings in Expro Group were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Earnest Partners LLC bought a new position in Expro Group in the 1st quarter worth approximately $92,106,000. Clearbridge Investments LLC bought a new stake in shares of Expro Group during the second quarter valued at approximately $28,156,000. Emerald Advisers LLC purchased a new position in shares of Expro Group in the second quarter worth $13,421,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Expro Group during the second quarter worth $10,288,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Expro Group during the second quarter valued at $9,811,000. Institutional investors own 92.07% of the company’s stock.

Expro Group Stock Performance

NYSE XPRO opened at $13.26 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. Expro Group Holdings has a 1-year low of $12.66 and a 1-year high of $24.50. The business has a 50 day simple moving average of $16.15 and a two-hundred day simple moving average of $19.53. The stock has a market capitalization of $1.56 billion, a PE ratio of 94.72, a P/E/G ratio of 1.60 and a beta of 0.99.

Expro Group (NYSE:XPRO) last posted its earnings results on Thursday, October 24th. The company reported $0.23 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 firm had revenue of $422.83 million during the quarter, compared to the consensus estimate of $436.62 million. During the same period in the prior year, the company earned ($0.11) EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, research analysts predict that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays decreased their price target on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th.

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.