SIR Capital Management L.P. Has $790,000 Stake in Expro Group Holdings N.V. $XPRO

SIR Capital Management L.P. decreased its holdings in Expro Group Holdings N.V. (NYSE:XPRO) by 87.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,169 shares of the company’s stock after selling 404,281 shares during the quarter. SIR Capital Management L.P.’s holdings in Expro Group were worth $790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE increased its holdings in Expro Group by 8.6% in the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after buying an additional 799 shares during the period. Wells Fargo & Company MN increased its holdings in Expro Group by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock valued at $4,429,000 after buying an additional 945 shares during the period. Focus Partners Wealth increased its holdings in Expro Group by 5.9% in the 3rd quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock valued at $206,000 after buying an additional 954 shares during the period. Jane Street Group LLC increased its holdings in Expro Group by 3.1% in the 4th quarter. Jane Street Group LLC now owns 48,691 shares of the company’s stock valued at $650,000 after buying an additional 1,446 shares during the period. Finally, Swiss National Bank increased its holdings in Expro Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 190,100 shares of the company’s stock valued at $2,258,000 after buying an additional 1,700 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

Insider Transactions at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of the company’s 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 completion of the transaction, the director directly owned 47,648 shares in the company, valued at $721,390.72. This represents a 11.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by corporate insiders.

Expro Group Price Performance

XPRO stock opened at $16.47 on Friday. The company has a 50 day simple moving average of $16.37 and a 200 day simple moving average of $15.88. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 51.46 and a beta of 0.89. Expro Group Holdings N.V. has a 1 year low of $8.20 and a 1 year high of $18.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76.

Analyst Upgrades and Downgrades

XPRO has been the topic of several recent analyst reports. KeyCorp raised shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Piper Sandler lifted their price target on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th. Barclays upped their price objective on shares of Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.33.

About Expro Group

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.