Civeo (NYSE:CVEO) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.
Several other analysts have also recently commented on the company. Craig Hallum set a $4.00 price target on Civeo and gave the stock a “buy” rating in a research report on Wednesday, October 31st. TheStreet cut Civeo from a “c-” rating to a “d” rating in a research report on Wednesday, October 31st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Civeo has a consensus rating of “Buy” and a consensus price target of $4.50.
Shares of Civeo stock traded down $0.10 on Monday, reaching $2.50. The company’s stock had a trading volume of 845,375 shares, compared to its average volume of 451,458. The stock has a market capitalization of $419.93 million, a PE ratio of -3.79 and a beta of 4.22. Civeo has a 52-week low of $1.12 and a 52-week high of $4.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.53 and a quick ratio of 1.46.
Civeo (NYSE:CVEO) last posted its quarterly earnings data on Tuesday, February 26th. The business services provider reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.02. Civeo had a negative return on equity of 20.55% and a negative net margin of 25.69%. On average, equities research analysts anticipate that Civeo will post -0.23 EPS for the current fiscal year.
In other Civeo news, SVP Peter Mccann sold 38,392 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $2.71, for a total transaction of $104,042.32. Following the transaction, the senior vice president now owns 580,329 shares of the company’s stock, valued at $1,572,691.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 62,607 shares of company stock worth $165,021 in the last three months. 1.80% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in CVEO. BlackRock Inc. lifted its stake in shares of Civeo by 2,735,060.0% in the 2nd quarter. BlackRock Inc. now owns 136,758 shares of the business services provider’s stock valued at $597,000 after purchasing an additional 136,753 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Civeo by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,809,571 shares of the business services provider’s stock valued at $20,970,000 after purchasing an additional 630,305 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Civeo by 15.9% in the 2nd quarter. Raymond James & Associates now owns 372,223 shares of the business services provider’s stock valued at $1,623,000 after purchasing an additional 51,147 shares during the last quarter. Swiss National Bank lifted its stake in Civeo by 42.3% during the 3rd quarter. Swiss National Bank now owns 234,000 shares of the business services provider’s stock worth $971,000 after acquiring an additional 69,600 shares in the last quarter. Finally, 22NW LP lifted its stake in Civeo by 29.2% during the 3rd quarter. 22NW LP now owns 908,722 shares of the business services provider’s stock worth $3,771,000 after acquiring an additional 205,600 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.
Civeo Corporation offers workforce accommodation, logistics, and facility management services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; open camps; and mobile camps, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.
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