Innovex International (INVX) Projected to Post Quarterly Earnings on Monday

Innovex International (NYSE:INVX) is anticipated to release 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 Stock Down 2.2 %

NYSE INVX opened at $16.67 on Friday. Innovex International has a fifty-two week low of $12.54 and a fifty-two week high of $25.19. The firm has a market capitalization of $1.12 billion, a PE ratio of 11.82 and a beta of 0.89. The business has a fifty day moving average of $15.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87.

Analyst Ratings Changes

A number of research firms have recently weighed in on INVX. Barclays cut their price target on Innovex International from $21.00 to $15.00 and set an “underweight” rating for the company in a report on Tuesday, November 26th. Pickering Energy Partners raised Innovex International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th.

Insider Transactions at Innovex International

In other Innovex International news, CFO Kendal Reed bought 3,765 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $13.28 per share, for a total transaction of $49,999.20. Following the completion of the purchase, the chief financial officer now owns 186,232 shares of the company’s stock, valued at $2,473,160.96. This trade represents a 2.06 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Innovex International Company Profile

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.