Here is Why Innovex International (INVX) Gained This Week

The share price of Innovex International, Inc. (NYSE:INVX) surged by 9.01% between May 29 and June 5, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.

Here is Why Innovex International (INVX) Gained This Week

An offshore oil installation platform, its production arm reaching out to the horizon.

Established in 2024 following the merger of Dril-Quip and Innovex Downhole Solutions, Innovex International, Inc. (NYSE:INVX) designs and manufactures offshore drilling and production equipment.

Innovex International, Inc. (NYSE:INVX) received a boost this week after announcing the completion of its acquisition of Citadel Casing Solutions, a provider of downhole technologies aimed at enhancing operational efficiencies in the oil and gas sector. The strategic move aligns with Innovex International’s core Big Impact, Small Ticket investment strategy and brings in a complementary suite of high-efficiency downhole tools.

The transaction is expected to be immediately accretive to Innovex International, Inc. (NYSE:INVX)’s EPS by 8%. Moreover, the company anticipates $2 million in cost synergies within the first three months, with additional synergies projected as Citadel becomes fully integrated into Innovex’s operations.

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Disclosure: None.