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.

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.