Innovex International (INVX) Projected to Post Earnings on Monday

Innovex International (NYSE:INVX) will likely be releasing its earnings data before the market opens on Monday, February 24th. Analysts expect Innovex International to post earnings of $0.26 per share for the quarter.

Innovex International Price Performance

Shares of INVX stock opened at $16.67 on Friday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 11.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The stock has a fifty day moving average price of $15.50. Innovex International has a 1 year low of $12.54 and a 1 year high of $25.19.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on INVX. Barclays reduced their target price on Innovex International from $21.00 to $15.00 and set an “underweight” rating for the company in a research note on Tuesday, November 26th. Pickering Energy Partners upgraded Innovex International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th.

Insider Buying and Selling at Innovex International

In related news, CFO Kendal Reed acquired 3,765 shares of Innovex International stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $13.28 per share, for a total transaction of $49,999.20. Following the purchase, the chief financial officer now owns 186,232 shares of the company’s stock, valued at approximately $2,473,160.96. This represents a 2.06 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.10% of the company’s stock.

About Innovex International

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.