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$XPRO

10 stories mentioning XPRO

Every FINWIRES story that references XPRO, newest first.

Sectors

Sector Update: Energy Stocks Mostly Higher Pre-Bell Thursday

Energy stocks were mostly higher premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) gaining 0.6%.The United States Oil Fund (USO) was up 0.1%, while the United States Natural Gas Fund (UNG) was 1.5% lower.Front-month US West Texas Intermediate crude oil was up 0.5% to $90.46 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.2% to $93.26 per barrel, and natural gas futures were 1.7% lower at $3.13 per 1 million British Thermal Units.BP (BP) stock was up more than 2% before market open a day after the company said its Whiting refinery team held a 63rd formal bargaining meeting with the United Steelworkers Local 7-1 committee to discuss a new labor contract.Energy Fuels (UUUU) shares rose 3.2% after the company said it expects finished uranium production at its White Mesa Mill to reach approximately 1.6 million pounds by June 30, which would already be within its full-year guidance range of 1.5 million to 2.5 million pounds of U3O8.Expro (XPRO) shares gained 1.3% pre-bell after the company said it signed a two-year contract with a major operator in the United Arab Emirates to provide testing and flowback services for unconventional wells.

$BP$UNG$USO$UUUU$XLE$XPRO
Equities

Expro Signs 2-Year Contract to Support Unconventional Wells in UAE

Expro (XPRO) signed a two-year contract with a major operator in the United Arab Emirates to provide testing and flowback services for unconventional wells, the company said Thursday.The contract covers surface well testing services and operational support, which Expro said will help accelerate resource development and reduce operational risk.

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Sectors

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Thursday afternoon, with the NYSE Energy Sector Index increasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) 0.1% lower.The Philadelphia Oil Service Sector Index climbed up 1.7%, and the Dow Jones US Utilities Index rose 0.5%.Front-month West Texas Intermediate crude oil fell 3% to $93.11 a barrel, and the global benchmark Brent crude contract dropped 2.7% to $95.18 a barrel. Henry Hub natural gas futures rose 4.7% to $3.37 per 1 million BTU.In sector news, US Treasury Secretary Scott Bessent said waivers allowing countries to buy Russian oil could be granted on a country-by-country basis rather than across the board, Bloomberg reported, citing the official's testimony before the House Ways and Means Committee.In corporate news, Venture Global (VG) shares jumped 5.8% after JPMorgan upgraded the stock to overweight from neutral and increased its price target to $17 from $16.Expro (XPRO) shares surged past 8% after the company said it has filed its definitive proxy statement with the Securities and Exchange Commission regarding its proposed move to redomicile in the Cayman Islands from the Netherlands.Solaris Energy Infrastructure (SEI) is expected to continue to expand capacity despite facing a tight supply chain in the near term, Morgan Stanley said in a note. Morgan Stanley kept its overweight rating and increased its price target to $90 from $81. Solaris shares rose 3%.Murphy Oil (MUR) shares rose 2.3% after KeyBanc upgraded the stock to overweight from sector weight.

$MUR$SEI$VG$XPRO
Sectors

Sector Update: Energy Stocks Edge Higher Thursday Afternoon

Energy stocks were slightly higher Thursday afternoon, with the NYSE Energy Sector Index increasing 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.2%.The Philadelphia Oil Service Sector Index climbed 1.3%, and the Dow Jones US Utilities Index increased 0.1%.Front-month West Texas Intermediate crude oil fell 4% to $92.18 a barrel, and the global benchmark Brent crude contract dropped 3.2% to $94.64 a barrel. Henry Hub natural gas futures rose 4.2% to $3.35 per 1 million BTU.In sector news, Hezbollah on Thursday rejected the latest ceasefire agreement between Israel and the Lebanese government, demanding a complete Israeli withdrawal from Lebanon as more fighting there hampered efforts to end the Iran war, the Associated Press reported. This comes as the House on Wednesday approved a war powers resolution that would halt US military action against Iran, according to a separate Associated Press report.Separately, President Donald Trump is set to announce $500 million in federal funding to support domestic coal-fired power plants and a coal export terminal, invoking the 1950 Defense Production Act, Bloomberg reported. The plan includes $425 million for 13 existing coal plants and separate Energy Department grants for two new plants in Alaska and West Virginia, Bloomberg said.In corporate news, Murphy Oil (MUR) shares rose 2.8% after KeyBanc upgraded the stock to overweight from sector weight.Expro (XPRO) shares jumped past 6% after the company said it has filed its definitive proxy statement with the Securities and Exchange Commission regarding its proposed move to redomicile in the Cayman Islands from the Netherlands.Solaris Energy Infrastructure (SEI) is expected to continue to expand capacity despite facing a tight supply chain in the near term, Morgan Stanley said in a note. Morgan Stanley retained an overweight rating on the stock and increased its price target to $90 from $81. Solaris shares rose 1.9%.

$MUR$SEI$XPRO
Sectors

Sector Update: Energy Stocks Lean Lower Premarket Thursday

Energy stocks were leaning lower premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.8%.The United States Oil Fund (USO) was down 3.2% and the United States Natural Gas Fund (UNG) was 2% higher.Front-month US West Texas Intermediate crude oil was 3.7% lower at $92.51 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3.1% to $94.77 per barrel, and natural gas futures were up 2.5% at $3.29 per 1 million British Thermal Units.Expro Group (XPRO) shares were up more than 1% after the company said it has filed its definitive proxy statement with the Securities and Exchange Commission regarding its proposed move to redomicile in the Cayman Islands from the Netherlands.TransAlta (TAC) said it has agreed to buy two natural gas-fired peaking facilities in Colorado from Blackstone units in a $1.0 billion deal, including $750 million of debt. TransAlta stock was down more than 5% premarket.DHT (DHT) secured a new $250 million revolving credit facility to strengthen financial flexibility and lengthen its debt maturity schedule, the company said. DHT shares were 0.1% lower pre-bell.

$DHT$TAC$UNG$USO$XLE$XPRO
Sectors

Sector Update: Energy

Energy stocks were leaning lower premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.8%.The United States Oil Fund (USO) was down 3.1% and the United States Natural Gas Fund (UNG) was 2% higher.Front-month US West Texas Intermediate crude oil was 3.3% lower at $92.85 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3% to $94.89 per barrel, and natural gas futures were up 2.9% at $3.31 per 1 million British Thermal Units.Expro Group (XPRO) shares were up more than 1% after the company said it has filed its definitive proxy statement with the Securities and Exchange Commission regarding its proposed move to redomicile in the Cayman Islands from the Netherlands.

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Equities

Expro Group Advances Plan to Move Domicile to Cayman Islands

Expro Group (XPRO) said Thursday it has filed its definitive proxy statement with the Securities and Exchange Commission regarding its proposed move to redomicile in the Cayman Islands from the Netherlands.Expro said the move would cut annual costs by more than $600,000, improve flexibility for dividends and buybacks, and potentially enhance index eligibility and M&A flexibility.In addition, shareholders would retain the same economic ownership in the company, which would remain listed on the NYSE under the "XPRO" ticker, Expro said.Expro said proxy advisory firm Institutional Shareholder Services has revised its initial position and now recommends shareholders vote in favor of the redomicile proposal.

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Research

Goldman Sachs Upgrades Expro Group to Buy From Neutral, Price Target is $19

Expro Group (XPRO) has an average rating of overweight and mean price target of $18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Equities

Expro Gets Contract Extension for Subsea Services in Gulf of America

Expro (XPRO) signed a contract extension of up to five years with a global operator to continue subsea completion and intervention services in the Gulf of America, the company said Thursday.Under the new multi-million-dollar deal, the company will provide subsea landing string services, reinforcing a partnership that has spanned more than two decades, Expro said.The company's shares were up 1% in Thursday's premarket activity.

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Equities

Expro Q1 Adjusted Net Income, Revenue Fall; Agrees to Acquire Enhanced Well Technologies

Expro Group (XPRO) reported Q1 adjusted net income Tuesday of $0.09 per diluted share, down from $0.25 a year earlier.Revenue for the quarter ended March 31 was $367.6 million, down from $390.9 million a year earlier.Analysts surveyed by FactSet expected $361.6 million.For 2026, the company reaffirmed its revenue guidance range of $1.60 billion to $1.65 billion. Analysts surveyed by FactSet expect $1.59 billion.Additionally, Expro Group said it has signed a definitive agreement to acquire Enhanced Well Technologies for about 2 billion Norwegian kroner ($216.4 million) in cash plus customary closing and working capital adjustments.The acquisition is expected to be immediately accretive to cash flow, add about $275 million of order backlog, and close during Q3, Expro Group said.

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