SIR Capital Management L.P. Decreases Stock Holdings in Expro Group Holdings (NYSE:XPRO)

SIR Capital Management L.P. cut its position in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 55.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,874 shares of the company's stock after selling 78,899 shares during the quarter. SIR Capital Management L.P. owned approximately 0.06% of Expro Group worth $1,464,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XPRO. Emerald Advisers LLC purchased a new stake in shares of Expro Group during the 2nd quarter valued at $13,421,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Expro Group in the second quarter worth $10,288,000. Rhumbline Advisers raised its stake in shares of Expro Group by 13.1% in the second quarter. Rhumbline Advisers now owns 157,421 shares of the company's stock valued at $3,608,000 after buying an additional 18,236 shares during the period. nVerses Capital LLC bought a new stake in shares of Expro Group in the second quarter valued at $183,000. Finally, Spire Wealth Management lifted its position in shares of Expro Group by 5,805.6% during the 2nd quarter. Spire Wealth Management now owns 14,764 shares of the company's stock valued at $338,000 after buying an additional 14,514 shares during the last quarter. 92.07% of the stock is owned by institutional investors.

Insider Activity at Expro Group

In related news, CTO Steven J. Russell sold 15,000 shares of the company's stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $23.01, for a total value of $345,150.00. Following the transaction, the chief technology officer now directly owns 84,873 shares in the company, valued at $1,952,927.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Expro Group Price Performance

Shares of XPRO traded down $0.52 during midday trading on Tuesday, hitting $17.69. 1,535,329 shares of the company traded hands, compared to its average volume of 964,546. Expro Group Holdings has a one year low of $14.33 and a one year high of $25.04. The firm has a market cap of $2.08 billion, a P/E ratio of -98.28, a PEG ratio of 1.92 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.90 and a quick ratio of 1.56. The stock has a 50-day moving average of $21.09 and a 200-day moving average of $20.54.

Expro Group (NYSE:XPRO - Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Expro Group had a positive return on equity of 1.43% and a negative net margin of 0.84%. The firm had revenue of $469.64 million during the quarter, compared to analysts' expectations of $419.20 million. As a group, sell-side analysts predict that Expro Group Holdings will post 0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays boosted their price objective on Expro Group from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. The Goldman Sachs Group restated a "neutral" rating and set a $23.00 price target (up from $22.00) on shares of Expro Group in a research note on Monday, June 3rd. Finally, Piper Sandler lifted their price objective on shares of Expro Group from $26.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, May 20th.

Expro Group 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.