INVX

Innovex International, Inc.

16.67 USD
-0.38
2.23%
At close Feb 21, 4:00 PM EST
After hours
16.49
-0.18
1.08%
1 day
-2.23%
5 days
-0.71%
1 month
-3.86%
3 months
-3.97%
6 months
4.97%
Year to date
15.20%
1 year
4.97%
5 years
4.97%
10 years
4.97%
 

About: Innovex International Inc designs, manufactures, and installs mission-critical drilling & deployment, well construction, completion, production, and fishing & intervention solutions to support upstream onshore and offshore activities worldwide. Its comprehensive portfolio extends throughout the lifecycle of the well; and innovative product integration ensures seamless transitions from one well phase to the next, driving efficiency, lowering cost, and reducing the rig site service footprint for the customer. With locations throughout North America, Latin America, Europe, the Middle East, and Asia, The team is readily available with technical expertise, conventional and innovative technologies, and ever-present customer service.

0
Funds holding %
of 7,139 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

230% more call options, than puts

Call options by funds: $310K | Put options by funds: $94K

27% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 56

2.55% more ownership

Funds ownership: 54.03% [Q3] → 56.58% (+2.55%) [Q4]

1% more capital invested

Capital invested by funds: $529M [Q3] → $532M (+$3.02M) [Q4]

3% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 30

2% less funds holding

Funds holding: 171 [Q3] → 168 (-3) [Q4]

Research analyst outlook

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

Low target
$15
10%
downside
Avg. target
$15
10%
downside
High target
$15
10%
downside

1 analyst rating

positive
0%
neutral
0%
negative
100%
Barclays
Eddie Kim
0% 1-year accuracy
0 / 10 met price target
10%downside
$15
Underweight
Maintained
26 Nov 2024

Financial journalist opinion

Neutral
Business Wire
2 months ago
Innovex completes purchase of Downhole Well Solutions
HOUSTON--(BUSINESS WIRE)--Innovex completes purchase of Downhole Well Solutions.
Innovex completes purchase of Downhole Well Solutions
Neutral
Seeking Alpha
3 months ago
Innovex International, Inc. (INVX) Q3 2024 Earnings Call Transcript
Innovex International, Inc. (NYSE:INVX ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Erin Fazio - Investor Relations Adam Anderson - Chief Executive Officer Kendal Reed - Chief Financial Officer Conference Call Participants David Smith - Pickering Energy James West - Evercore ISI Eddie Kim - Barclays Operator Good morning, and welcome to Innovex's Third Quarter 2024 Earnings Call. At this time all participants are on a listen-only mode and there will be a question-and-answer opportunity at the end of this call.
Innovex International, Inc. (INVX) Q3 2024 Earnings Call Transcript
Neutral
Accesswire
3 months ago
Innovex Announces Third-Quarter 2024 Results
HOUSTON, TX / ACCESSWIRE / November 7, 2024 / Innovex International, Inc. (NYSE:INVX) ("Innovex," "we" or the "Company") today announced financial and operating results for the third quarter of 2024. Third Quarter Highlights Closed transformative merger between Innovex Downhole Solutions, Inc. and former Dril-Quip, Inc., positioning the combined business for long-term success Revenue of $152 million, up 17% quarter over quarter Net Income1 of $83 million, up 766% quarter over quarter, and Net Income Margin of 54% Diluted earnings per share of $1.99 Adjusted EBITDA2 of $27 million and Adjusted EBITDA margin2 of 18% Net Cash Provided by Operating Activities of $22 million Free Cash Flow2 of $20 million Loss from Operations of $13 million Return on Capital Employed2 of 9% Achieved 100% of the year one synergy target of $15 million annualized savings Due to the equity value of legacy Dril-Quip on the closing date of the merger relative to the fair value of the assets, the Company recorded a bargain purchase gain of approximately $93 million during the third quarter of 2024.
Innovex Announces Third-Quarter 2024 Results
Neutral
Accesswire
3 months ago
Innovex International, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call
HOUSTON, TX / ACCESSWIRE / November 1, 2024 / Innovex International, Inc. (NYSE:INVX), (the "Company" or "Innovex") announced today that it will release its third quarter 2024 earnings results on November 7, 2024, after the close of the U.S. financial markets. Management will host a conference call and a webcast to discuss the financial results on November 8, 2024, at 10:00 a.m.
Innovex International, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call
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