Shares of Civeo Corporation (NYSE:CVEO) have been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $3.94.
CVEO has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $3.50 price objective on shares of Civeo Corporation in a report on Friday, May 19th. ValuEngine cut Civeo Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, May 26th. Finally, BidaskClub cut Civeo Corporation from a “sell” rating to a “strong sell” rating in a report on Friday.
Shares of Civeo Corporation (NYSE CVEO) traded down 8.455% during midday trading on Friday, reaching $2.014. The company’s stock had a trading volume of 463,216 shares. The company’s market capitalization is $265.86 million. Civeo Corporation has a 12-month low of $1.00 and a 12-month high of $3.73. The company’s 50-day moving average price is $2.08 and its 200 day moving average price is $2.66.
Civeo Corporation (NYSE:CVEO) last released its quarterly earnings data on Friday, April 28th. The business services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.05. Civeo Corporation had a negative return on equity of 11.90% and a negative net margin of 23.00%. The business had revenue of $91.43 million during the quarter. On average, equities research analysts forecast that Civeo Corporation will post ($0.53) earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Investments LP raised its position in shares of Civeo Corporation by 304.4% in the fourth quarter. Two Sigma Investments LP now owns 288,608 shares of the business services provider’s stock valued at $635,000 after buying an additional 217,241 shares in the last quarter. Brookfield Asset Management Inc. raised its position in shares of Civeo Corporation by 18.1% in the fourth quarter. Brookfield Asset Management Inc. now owns 4,358,346 shares of the business services provider’s stock valued at $9,589,000 after buying an additional 669,024 shares in the last quarter. Granite Investment Partners LLC purchased a new position in shares of Civeo Corporation during the first quarter valued at about $705,000. Russell Investments Group Ltd. raised its position in shares of Civeo Corporation by 3,103.9% in the first quarter. Russell Investments Group Ltd. now owns 264,222 shares of the business services provider’s stock valued at $789,000 after buying an additional 255,975 shares in the last quarter. Finally, Mad River Investors purchased a new position in shares of Civeo Corporation during the first quarter valued at about $1,775,000. 76.20% of the stock is owned by hedge funds and other institutional investors.
About Civeo Corporation
Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.
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