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HOUSTON-based Expro Group Holdings N.V. (NYSE:XPRO), a provider of services in the oil and gas field, announced today the filing of a prospectus supplement with the U.S. Securities and Exchange Commission (SEC). This filing is part of the company's registration statement on Form S-3, as per the documents submitted on Monday.
The prospectus supplement, which includes the legal opinion of Van Campen Liem (Liem & Partners N.V.), was filed in connection with the company's ongoing efforts to provide updated financial information to its investors and the public. The opinion of Van Campen Liem is also accompanied by their consent, included within the same exhibit filed with the SEC.
Expro Group, which operates under the industrial classification of oil and gas field services, NBC, has its shares traded on the New York Stock Exchange under the ticker symbol XPRO. It is headquartered at 1311 Broadfield Blvd., Suite 400, Houston, TX, with the company's telephone number listed as 713-463-9776.
The company, formerly known as Frank's International (NYSE:XPRO) N.V., underwent a name change previously, with the most recent change dated April 27, 2017. The SEC filing did not disclose the specific contents of the prospectus supplement, but such documents typically include detailed information about the company's financial performance, risks, and management's commentary on operational matters.
InvestingPro Insights
For investors closely monitoring Expro Group Holdings N.V. (NYSE:XPRO), recent data from InvestingPro reveals a mixed financial landscape. The company's market capitalization stands at a robust $2.63 billion, which reflects investor confidence to a certain extent. However, the adjusted P/E ratio for the last twelve months as of Q1 2024 is notably high at 566.23, suggesting that the stock may be overvalued relative to earnings. Despite this, revenue growth remains solid, with a 16.35% increase in the last twelve months leading up to Q1 2024, indicating that the company is expanding its financial base.
InvestingPro Tips highlight that Expro Group holds more cash than debt, suggesting a strong balance sheet, and analysts are optimistic about the company's profitability this year. Additionally, with liquid assets surpassing short-term obligations, the company appears to be in a good position to meet its immediate financial commitments. For those interested in further insights, there are additional InvestingPro Tips available that can offer deeper analysis into Expro Group's financial health and future prospects.
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