Civeo Corporation (CVEO) Receiving Somewhat Positive News Coverage, Analysis Finds

Media headlines about Civeo Corporation (NYSE:CVEO) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Civeo Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 47.6464975915181 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

• Civeo Corporation (CVEO) vs. McGraw Hill Financial (MHFI) Head to Head Contrast (americanbankingnews.com)
• Civeo Corporation (Canada) (NYSE:CVEO) Experiences Lighter than Average Trading Volume – Highlight Press (highlightpress.com)
• Is Civeo Corp (CVEO) Building Momentum? – Evergreen Caller (evergreencaller.com)
• Critical Survey: Civeo Corporation (NYSE:CVEO) & McGraw Hill Financial (MHFI) (americanbankingnews.com)
• Shares of Civeo Corp (CVEO) See Mesa Average Drop Below FAMA – Evergreen Caller (evergreencaller.com)

Civeo Corporation (NYSE CVEO) traded up 6.04% during trading on Friday, reaching $1.93. The company had a trading volume of 534,026 shares. Civeo Corporation has a 1-year low of $1.00 and a 1-year high of $3.73. The stock’s market capitalization is $255.24 million. The firm has a 50-day moving average of $2.07 and a 200-day moving average of $2.66.

Civeo Corporation (NYSE:CVEO) last posted its quarterly earnings results on Friday, July 28th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.01. Civeo Corporation had a negative net margin of 24.80% and a negative return on equity of 12.63%. The company had revenue of $92.01 million during the quarter. On average, analysts anticipate that Civeo Corporation will post ($0.54) EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating and issued a $3.50 price objective on shares of Civeo Corporation in a report on Friday, May 19th. BidaskClub cut Civeo Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, ValuEngine cut Civeo Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Civeo Corporation currently has an average rating of “Hold” and a consensus target price of $3.94.

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Civeo Corporation Company Profile

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.