INVX - Innovex International Inc Latest SEC Filings
This article provides the latest SEC filings and comprehensive financial data for Innovex International Inc (INVX). It includes key financial metrics like market cap, income, sales, P/E ratio, and insider/institutional ownership, alongside recent stock performance and analyst recommendations. The company operates in the Energy Oil & Gas Equipment & Services sector in the USA, with its shares trading on the NYSE.
Innovex International Acquires TCO Group in $95 Million Cash-and-Stock Deal - News and Statistics
Innovex International has completed its $95 million cash-and-stock acquisition of TCO Group, a provider of well completion and perforating technologies. This strategic move is expected to enhance Innovex's corporate margin profile, increase earnings per share, and support long-term growth by broadening the market for TCO's glass barrier technologies and facilitating cross-selling opportunities in Norway and the UAE. Both companies anticipate that
Press Release: Innovex Completes Purchase of TCO Group AS
Innovex Inc. announced the acquisition of TCO Group AS, a Norwegian company specializing in completion and intervention products for the oil and gas industry. This strategic purchase strengthens Innovex's international standing and expands its range of completion and intervention solutions. TCO will operate as a distinct product line within the Innovex portfolio, maintaining its existing brand.
Innovex International, Inc. Files Amended 8-K/A with SEC: Key Company and Stock Information for 2026
Innovex International, Inc. (NYSE: INVX) has filed an amended 8-K/A with the SEC, detailing the completion of its acquisition of TCO Group AS. As part of the merger consideration, Innovex issued 1,060,713 unregistered shares of its common stock to the seller, a move that could potentially dilute existing shareholders. The report emphasizes the strategic implications of this acquisition and the unregistered nature of the shares for investors.
Innovex Completes Purchase of TCO Group AS
Innovex International, Inc. has completed the acquisition of TCO Group AS for $95 million in a cash and stock transaction. This acquisition is expected to enhance Innovex's corporate margin profile and be accretive to its earnings per share, while also expanding TCO's glass barrier technologies globally. The deal creates a stronger platform for both companies to redefine well technology and improve efficiency for customers.
Price to earnings forward of Innovex International, Inc. – NYSE:INVX
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Price to sales forward of Innovex International, Inc. – FWB:DQU0
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Enterprise value to EBITDA forward of Innovex International, Inc. – NYSE:INVX
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Enterprise value to EBIT forward of Innovex International, Inc. – GETTEX:DQU0
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Innovex International, Inc.(NYSE: INVX) added to Russell 2000 Growth-Defensive Index
Innovex International, Inc. (NYSE: INVX) has been added to the Russell 2000 Growth-Defensive Index, effective June 28, 2026. This inclusion reflects the company's position in the small-cap market and its financial characteristics aligning with the index's criteria for growth and defensive qualities. The article also lists other recent inclusions of Innovex in various Russell benchmarks and details recent company news, including an acquisition and analyst ratings.
Innovex International, Inc. Actuals & Estimates (LS:A40MSN)
This article provides key financial data and analyst estimates for Innovex International, Inc. (A40MSN), traded on the LS exchange. It highlights the company's past earnings and revenue performance, analyst price targets, and upcoming earnings report dates, noting that the company does not pay dividends.
INVX Forecast — Price Target — Prediction for 2027
This article provides a forecast for Innovex International, Inc. (INVX) stock, including price targets and analyst ratings. It details the company's financial performance, stock history, volatility, and upcoming earnings report. The forecast suggests a maximum estimated price of $35.00 and a minimum of $26.00 based on analyst opinions.
INVX PE Ratio & Valuation, Is INVX Overvalued
Innovex International Inc (INVX) is currently considered undervalued based on its forward PE ratio of 0.00 compared to its five-year average of 14.76. Its fair price is estimated to be between +Inf to +Inf using a relative valuation method. While its P/S ratio is above the industry average, its P/B ratio and Free Cash Flow yield analysis suggest a complex valuation picture.
Innovex International Inc (INVX) Institutional Confidence
The article analyzes the institutional confidence in Innovex International Inc (INVX), stating its current institutional shareholding score is 10.00, ranking 1st in its industry. The institutional shareholding proportion increased by 0.44% quarter-over-quarter, with Brandes Investment Partners, L.P. being the largest institutional shareholder. The article also lists major institutional shareholders and their recent activity.
Akin Advises Innovex International in Agreement to Acquire TCO Group
Akin, an elite global law firm, advised Innovex International, Inc. in its agreement to acquire TCO Group AS for $95 million in cash and stock. This acquisition strengthens Innovex's presence in Norway and the UAE, aligning with its strategy to build a portfolio of market-leading products. The transaction is expected to close in early third quarter of 2026 and was led by an Akin team including energy partner Mary Lovely and capital markets partner Bryan Flannery.
Innovex International Inc (INVX) Earnings Forecast: Future EPS & Revenue Growth Estimates
Innovex International Inc (INVX) has an earnings forecast score of 8.00 and an average analyst price target of $20.00, with a high of $28.00. Based on 5 analysts, the majority recommend a "Buy" trend for the stock, with 22.62% upside potential from its current rating of $32.800. The company's expected revenue for the next quarter is $240.76 million, and EPS for the next quarter is projected at $0.31.
Innovex: Continued M&A With A Nice Bolt-On Deal (NYSE:INVX)
Innovex announced a $95 million acquisition of TCO Group AS, a bolt-on deal expected to be 13% EPS accretive. The company paid modest multiples for TCO, enhancing technology differentiation and capital efficiency. Despite a conservative balance sheet, the deal faces scrutiny due to tepid revenue growth, margin pressures, and ambiguous post-merger earnings, with sector headwinds and dilution tempering conviction.
Innovex International Announces Private Offering Equity Consideration Shares
Innovex International (INVX) has announced a private offering of equity consideration shares to a seller under a purchase agreement, exempt from registration under the Securities Act of 1933. This strategy streamlines the transaction and reduces regulatory burdens. Spark, TipRanks’ AI Analyst, rates INVX as Neutral, citing solid financial quality and positive earnings-call setup, balanced by moderating revenue trends, legal risks, and limited valuation support due to negative P/E and no dividend.
Innovex to acquire Norway’s TCO Group for $95 million
Innovex International has announced its agreement to acquire Norway-based TCO Group for approximately $95 million in a cash-and-stock transaction. This acquisition aims to expand Innovex's well technology portfolio and strengthen its presence in international offshore markets, particularly in Norway and the UAE. TCO is known for its intervention-free laminated glass plug technology, which Innovex plans to integrate and broaden its reach through its global customer base.
Innovex International Acquires TCO Group: $95 Million Cash-and-Stock Deal - News and Statistics
Innovex International is set to acquire TCO Group, a Norwegian company specializing in intervention-free laminated glass plug technology, for approximately $95 million in a cash-and-stock deal. This acquisition, expected to close in early Q3 2026, aims to enhance Innovex's portfolio of well performance and operational efficiency products and strengthen its presence in Norway and the UAE. Both companies anticipate that the integration will create greater scale for TCO's technology offerings and expand its reach through Innovex's global network.
Innovex to Acquire TCO Group in $95 Million Well Technology Deal
Innovex International, Inc. (NYSE: INVX) is acquiring Norway-based TCO Group AS for approximately $95 million in a cash-and-stock deal. This acquisition expands Innovex's well completion technologies portfolio, particularly TCO's intervention-free laminated glass plug technology, and strengthens its presence in key international energy markets like Norway and the United Arab Emirates. The deal is expected to be accretive to Innovex's earnings per share and supports its strategy of acquiring specialized energy technology businesses with high customer value.
Innovex to acquire TCO Group in $95M cash-and-stock deal
Innovex announced its acquisition of TCO Group for $95 million in a cash-and-stock transaction. This strategic move aims to expand Innovex's market presence and integrate TCO Group's offerings into its portfolio. The deal reflects a significant investment in growth for both companies.
INVX: Acquisition of TCO adds high-margin, capital-light products and strengthens global market reach
Innovex (INVX) is acquiring TCO Group AS for $95 million, a move expected to enhance its product portfolio with high-margin, capital-light offerings. This acquisition will also expand INVX's reach into Norway and the UAE, while being accretive to EPS and maintaining strong liquidity. The deal leverages TCO’s distinct technology and strong free cash flow.
Innovex Enters Into Agreement to Acquire TCO Group
Innovex International, Inc. announced an agreement to acquire TCO Group AS for $95 million in a cash and stock transaction, expected to close in early Q3 2026. This acquisition aligns with Innovex's strategy of focusing on mission-critical products and is projected to be accretive to Innovex’s EPS. TCO, founded in 1999, specializes in intervention-free laminated glass plugs and will strengthen Innovex's presence in Norway and the UAE.
Jefferies initiates Innovex stock with buy rating, $34 target
Jefferies has initiated coverage on Innovex International Inc. (NYSE: INVX) with a "buy" rating and a price target of $34.00, suggesting a potential upside of approximately 27%. The firm highlighted Innovex's capital-light business model, balanced geographic and operational mix in the oilfield services sector, and anticipated margin expansion starting in the second half of 2026. Additionally, Innovex recently completed the acquisition of Drilling Innovative Solutions LLC, further enhancing its product offerings.
Innovex International (NYSE:INVX) Stock Forecast & Analyst Predictions
Innovex International (NYSE:INVX) is projected to grow earnings and revenue by 23.8% and 5.8% per annum, respectively, with EPS expected to grow by 19.6% per annum. The company has recently received "Buy" ratings from analysts, who highlight its offshore growth, strong free cash flow conversion, and recent acquisition of Citadel Casing Solutions. Despite these positive outlooks, there are also noted risks including potential earnings declines and insider intentions to sell stock.
Innovex International (NYSE:INVX) Stock Price
Innovex International (NYSE:INVX) is currently valued at US$25.57, which is 26.9% undervalued compared to its fair value of US$35.00. The company recently announced an agreement to acquire TCO Group AS for $95 million, expected to close in Q3 2026, which is anticipated to enhance earnings per share and expand its market reach. Innovex focuses on offshore and subsea work with a capital-light model, aiming for growth through repeat projects, cross-selling, and acquisitions.
How Investors Are Reacting To Innovex International (INVX) Upgraded Earnings Outlook And Top Analyst Ranking
Innovex International (INVX) has received a Zacks Rank of #1 (Strong Buy) and an 8.3% upgrade in its full-year earnings consensus estimate, signaling improving market sentiment despite a recent Q1 2026 net loss. The company's investment narrative focuses on achieving consistent profitability post-merger and managing its recent US$148.06 million equity raise against ongoing buybacks. Investors are weighing these positive analyst revisions against risks like margin pressure, integration challenges, and geopolitical exposure, with some fair value estimates for INVX shares showing a wide range.
Innovex International president Mark Reddout sells $301,000 in stock By Investing.com
Mark Reddout, President of North America at Innovex International, sold 10,750 shares of the company's common stock for $301,000 on June 2, 2026, at $28.00 per share. This transaction was part of a Rule 10b5-1 plan adopted in March 2026, leaving him with 134,312 shares. In other recent news, Innovex International Inc. acquired Drilling Innovative Solutions LLC, expanding its portfolio in the oil and gas sector.
Innovex International Drops 5.1% Amid Sector-Wide Selling
Innovex International, Inc. experienced a 5.1% drop in its stock price due to a sector-wide selloff affecting the oil and gas equipment and services industry. This decline was mirrored by several of its peers, suggesting broader market concerns rather than company-specific issues, with no immediate news catalyst identified. Investors are advised to monitor crude oil price trends and major oil producers' spending plans to understand potential future impacts on Innovex.
Innovex International Drops 5.1% Amid Sector-Wide Selling
Innovex International Inc. (INVX) saw its shares plunge 5.1% on Wednesday, closing at $28.43, as a broad sell-off impacted the oil and gas equipment and services sector. This decline mirrored similar losses among its peers, suggesting macro concerns about energy demand rather than company-specific issues were at play. Investors are now focused on crude oil price trends and capital spending plans from major energy producers to determine if this downturn is a temporary shakeout or a longer-term retrenchment.
INVX Earning Date, Earning Analysis and Earning Prediction
This article provides an earnings analysis and prediction for INVX, detailing past quarterly results for Q1 2026, Q4 2025, and Q3 2025. It examines revenue and EPS surprises, analyst forecast revisions, and the correlation between these revisions and stock price movements. The article also includes an "Earnings Reaction" section, forecasting potential stock price changes around future earnings reports based on historical data, and summarizes the positive sentiment from Innovex International Inc (INVX) Q1 2026 Earnings Call.
Innovex International, Inc. SwivelMASTER tool reduces drag for drilling and completion teams
Innovex International, Inc. announced that its SwivelMASTER tool is proving effective in reducing drag and improving control for drilling and completion teams in complex well operations. The company highlights the tool's reliability and performance as an industry standard. Innovex also noted recent advancements in its dissolvable frac plug technology and plans to present integrated performance solutions at PRES 2026.
Why Innovex International Is Jumping 5.7%: Piper Sandler Maintains Overweight
Innovex International, Inc. saw its stock jump 5.7% after Piper Sandler increased its price target for the company, while maintaining an Overweight rating. The firm raised its target from $33 to $34, indicating continued upside potential for the oil and gas equipment provider. This analyst upgrade fueled investor confidence, leading to a rally in the stock.
Innovex International Price Target Raised to $34.00/Share From $33.00 by Piper Sandler
Piper Sandler has increased its price target for Innovex International to $34.00 per share, up from $33.00. This adjustment indicates a positive outlook from the analyst firm regarding the company's future performance.
Innovex International Is Maintained at Overweight by Piper Sandler
Piper Sandler has maintained an "Overweight" rating on Innovex International. The article also provides a brief update on Unity Software's Q4 earnings, noting a 35% year-over-year revenue increase to $609 million, surpassing estimates, despite reporting a quarterly loss of 66 cents per share. Full access to the news requires a login or account creation.
INVX Maintains Overweight Rating -- Price Target Raised to $34
Piper Sandler has maintained an Overweight rating for Innovex International (INVX) and increased its price target to $34.00, indicating confidence in the company's future despite a high P/E ratio of 37.38. The company's GF Score is 23/100, showing strong financial strength but areas for improvement in growth and valuation. Notably, significant insider selling totaling $326.1 million has occurred in the last three months, raising potential concerns for investors.
Will Citi’s Coverage and New Guidance Recast Innovex International’s (INVX) Cyclicality and Risk Profile?
Innovex International (INVX) reported a first-quarter net loss and issued cautious second-quarter guidance, yet Citi's new coverage highlights the company's lower cyclicality, strong free cash flow, and the impact of the DIS acquisition. This analysis explores how Citi's positive outlook might reframe Innovex's investment narrative, emphasizing its transition to a more balanced oilfield services platform despite short-term financial wobbles and geopolitical risks. The article also touches on the company's stock performance and varying fair value estimates from the investment community.
Will Citi’s Coverage and New Guidance Recast Innovex International’s (INVX) Cyclicality and Risk Profile?
Innovex International recently reported Q1 2026 results with sales of US$239.03 million and a net loss of US$16.67 million, along with cautious Q2 guidance due to a less favorable product mix and Middle East conflict risks. Despite this, Citi initiated coverage with a positive outlook, highlighting Innovex's lower cyclicality, strong free cash flow conversion, and the impact of the DIS acquisition, suggesting a potential reevaluation of the company's risk profile. The article discusses how Citi's perspective might reshape the investment narrative for INVX, which management is also supporting through an active buyback program.
Barclays Lifts PT on Innovex International (INVX), Cites Best Sector Setup in 20 Years
Barclays has increased its price target for Innovex International (INVX) to $26 from $24, maintaining an Equal Weight rating. The firm cited that the energy services sector is experiencing its best setup in 20 years due to potential structurally higher oil prices and accelerating upstream spending, leading to an upgraded industry view to Positive. Innovex International provides solutions for the oil and gas industry, and Barclays believes the sector is poised for outperformance.
Simcoe Capital LLC Buys New Position in Innovex International, Inc. $INVX
Simcoe Capital LLC has acquired a new stake in Innovex International ($INVX) during the fourth quarter, purchasing 165,756 shares valued at approximately $3.63 million, representing 3.4% of Simcoe's portfolio. Despite substantial insider selling, including a large sale by Director Co-Invest Fund L.P. Innovex and CEO Adam Anderson, analysts maintain a "Moderate Buy" consensus rating with an average price target of $29.33. Innovex reported mixed quarterly results, missing EPS estimates but exceeding revenue expectations.
There May Be Some Bright Spots In Innovex International's (NYSE:INVX) Earnings
Innovex International's recent earnings report, despite being lackluster on the surface, suggests underlying strength due to a negative accrual ratio, indicating higher free cash flow than reported profit. The company's profit was impacted by US$28m in unusual items, which are considered one-off, suggesting future profitability could improve if these expenses do not recur. This analysis suggests Innovex International's earnings potential might be better than it appears.
There May Be Some Bright Spots In Innovex International's (NYSE:INVX) Earnings
Innovex International's recent earnings report, while seemingly lackluster, shows underlying strength according to Simply Wall St's analysis. The company's negative accrual ratio indicates strong free cash flow exceeding statutory profit, and unusual items affected reported profits but are expected to be one-off. These factors suggest Innovex International's future earnings potential might be better than it appears.
Citi Initiates Coverage of Innovex International (INVX) with a Buy Rating
Citi has initiated coverage of Innovex International (INVX) with a Buy rating and a $35 price target, citing the company's lower cyclicality, robust free cash flow conversion, and market share gains. Innovex reported strong Q1 2026 results, with revenue and adjusted EBITDA exceeding guidance, benefiting from operational execution and new product launches. The company also completed the acquisition of DIS, enhancing its production technologies and offshore U.S. market position, and provided positive Q2 guidance.
Citi Initiates Coverage of Innovex International (INVX) with a Buy Rating
Citi has initiated coverage of Innovex International (NYSE:INVX) with a Buy rating and a $35 price target, citing the company's lower cyclicality and robust free cash flow conversion compared to its oilfield service peers. The firm believes Innovex can continue to gain market share, a sentiment reinforced by the company's strong Q1 2026 performance which saw revenue and adjusted EBITDA exceed guidance. Innovex also completed an acquisition in Q1, strengthening its position in the offshore U.S. market.
Innovex International, Inc. prepares for PRES 2026, targeting integrated performance solutions
Innovex International, Inc. announced its participation in the Peace Region Energy Show (PRES 2026), where it will showcase integrated performance solutions at booth 5019. The company aims to network with industry peers and highlight its dedication to supporting energy sector operators. This aligns with their ongoing commitment to operational efficiency, demonstrated by previous advancements in dissolvable frac plug technology.
Innovex Shareholders Back Board, Auditor and Pay Policies
Innovex International (INVX) shareholders re-elected three directors to three-year terms expiring in 2029 and approved the independent auditor and executive compensation plan at their annual meeting on May 7, 2026. These outcomes demonstrate strong investor support for the company's governance and management proposals. Innovex received a "Neutral" rating from Spark, TipRanks’ AI Analyst, citing strong financial strength balanced by weakening revenue/margins and potential legal accrual risks.
Innovex International (NYSE:INVX) Rating Increased to Strong-Buy at Citigroup
Citigroup has upgraded Innovex International (NYSE:INVX) to a "strong-buy" rating, indicating a bullish outlook despite mixed sentiment from other analysts. While the company's Q1 earnings missed estimates, revenue surpassed expectations, and the stock is trading near its 52-week high. Insiders have recently sold significant shares, with the CEO selling 18,837 shares and a director selling over 6.6 million shares.
Innovex International: Q1 Earnings Snapshot
Innovex International (INVX) reported a first-quarter loss of $16.7 million, or 24 cents per share. After adjusting for non-recurring costs, the company had earnings of 34 cents per share. The offshore drilling equipment maker posted revenue of $239 million and anticipates revenue between $235 million and $245 million for the current quarter ending in June.
Innovex International (NYSE:INVX) Price Target Raised to $26.00
Barclays has raised its price target for Innovex International (NYSE:INVX) to $26.00, maintaining an "equal weight" rating, despite significant insider selling totaling over $326 million in the last three months. The company recently reported an EPS of $0.20, missing estimates, but exceeded revenue expectations with $273.6 million. Innovex International holds a "Moderate Buy" consensus rating from analysts, with an average target price of $29.33.
