Expro (XPRO)

• Market cap: $1.42B
• 1 day: 3.33%
• 5 days: 6.05%
• 1 month: -12.32%
• 3 months: -29.53%
• 6 months: -46.15%
• Year to date: -23.66%
• 1 year: -23.66%
• 5 years: -41.91%
• 10 years: -41.91%
• Sector: Energy
• Industry: Oil & Gas Field Services

About: Expro Group offers products and services that span the well life cycle, including well construction, well flow management, well intervention and integrity, and subsea well access. It maintains operations around the world and specializes in offshore production solutions, capabilities enhanced by the 2021 merger with Frank's International. It also provides production optimization for both onshore and offshore applications. The majority of its business relies on international and offshore markets, representing about 80% and 70% of annual revenue, respectively.

Employees: 8,500

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

117% more call options, than puts

Call options by funds: $587K | Put options by funds: $271K

95% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 19

38% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 47

11% more funds holding

Funds holding: 159 [Q2] → 177 (+18) [Q3]

1.57% more ownership

Funds ownership: 99.59% [Q2] → 101.16% (+1.57%) [Q3]

19% less capital invested

Capital invested by funds: $2.54B [Q2] → $2.06B (-$483M) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $18 49% upside
• Avg. target: $18 49% upside
• High target: $18 49% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Barclays David Anderson 35% 1-year accuracy 28 / 80 met price target

49% upside $18

Overweight Maintained

28 Oct 2024