Innovex International (NYSE:INVX) Shares Up 5.2% – Still a Buy?

Shares of Innovex International, Inc. (NYSE:INVX) rose 5.2% on Friday . The stock traded as high as $18.60 and last traded at $18.60. Approximately 25,309 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 424,666 shares. The stock had previously closed at $17.68.

Analysts Set New Price Targets

INVX has been the subject of several research analyst reports. Barclays increased their price objective on Innovex International from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday. Pickering Energy Partners raised Innovex International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th.

Innovex International Stock Up 5.5 %

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 firm has a fifty day simple moving average of $16.42. The company has a market capitalization of $1.29 billion, a PE ratio of 13.23 and a beta of 0.83.

Innovex International (NYSE:INVX) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.21. Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%. The firm had revenue of $250.69 million during the quarter.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division purchased a new position in Innovex International in the fourth quarter worth $63,000. KLP Kapitalforvaltning AS purchased a new position in Innovex International in the fourth quarter worth $88,000. Oregon Public Employees Retirement Fund raised its position in Innovex International by 9.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company’s stock worth $124,000 after acquiring an additional 758 shares in the last quarter. Aigen Investment Management LP purchased a new position in Innovex International in the fourth quarter worth $142,000. Finally, ProShare Advisors LLC purchased a new position in Innovex International in the fourth quarter worth $145,000.

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.