Innovex International (INVX) Surges Following Barclays Upgrade

The share price of Innovex International, Inc. (NYSE:INVX) surged by 10.23% between November 7 and November 14, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Innovex International (INVX) Surges Following Barclays Upgrade

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) rose to a 52-week high on November 14 when Barclays upgraded the stock from ‘Underweight’ to ‘Equal Weight’, while also increasing its price target from $14 to $20. The analyst stated that the company had streamlined the business and achieved ‘key wins’ since its merger with Dril-Quip last year. Barclays acknowledged Innovex’s consistent free cash flows, while also highlighting its ‘well-timed’ strategic moves, including the establishment of a new manufacturing facility in Saudi Arabia and the company’s status as the exclusive wellhead partner for OneSubsea.

It needs mentioning that Innovex International, Inc. (NYSE:INVX) reported mixed results for its Q3 on November 3, with its adjusted EPS of $0.23 falling short of estimates by $0.06. However, the company’s revenue of $240 million managed to top forecasts by $5 million, besides being up by 58% YoY. Moreover, Innovex’s free cash flow also grew by 82% YoY to $36.52 million.

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Disclosure: None.