Civeo Co. (NYSE:CVEO) Short Interest Update

Civeo Co. (NYSE:CVEO) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 15,500 shares, an increase of 82.4% from the May 31st total of 8,500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 51,300 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

CVEO has been the subject of a number of analyst reports. StockNews.com raised shares of Civeo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 20th. Stifel Nicolaus boosted their price target on Civeo from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th.

Insider Activity at Civeo

In other Civeo news, SVP Peter Mccann sold 5,220 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $23.75, for a total value of $123,975.00. Following the completion of the transaction, the senior vice president now directly owns 45,395 shares in the company, valued at $1,078,131.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Civeo

Several institutional investors and hedge funds have recently made changes to their positions in CVEO. FMR LLC boosted its stake in Civeo by 4.5% in the 3rd quarter. FMR LLC now owns 1,206,052 shares of the business services provider’s stock valued at $25,001,000 after purchasing an additional 51,400 shares during the period. TCW Group Inc. increased its position in Civeo by 3.1% during the fourth quarter. TCW Group Inc. now owns 744,535 shares of the business services provider’s stock worth $17,013,000 after acquiring an additional 22,639 shares during the period. Wellington Management Group LLP raised its stake in Civeo by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 450,100 shares of the business services provider’s stock worth $10,285,000 after purchasing an additional 4,100 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Civeo by 13.4% in the 4th quarter. Brown Advisory Inc. now owns 358,097 shares of the business services provider’s stock valued at $8,183,000 after purchasing an additional 42,378 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Civeo by 242.5% during the 1st quarter. Acadian Asset Management LLC now owns 143,189 shares of the business services provider’s stock worth $3,837,000 after purchasing an additional 101,378 shares in the last quarter. Institutional investors and hedge funds own 81.44% of the company’s stock.

Civeo Stock Performance

CVEO traded up $0.42 during trading hours on Friday, reaching $24.92. The company’s stock had a trading volume of 30,052 shares, compared to its average volume of 39,776. The company’s 50-day moving average is $24.43 and its 200-day moving average is $23.95. Civeo has a 52 week low of $17.98 and a 52 week high of $28.00. The firm has a market cap of $364.33 million, a PE ratio of 11.81 and a beta of 2.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 1.82.

Civeo (NYSE:CVEO) last released its quarterly earnings data on Friday, April 26th. The business services provider reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.06). The company had revenue of $166.12 million during the quarter, compared to analyst estimates of $154.73 million. Civeo had a net margin of 4.49% and a return on equity of 3.53%. On average, equities analysts forecast that Civeo will post 0.54 EPS for the current year.

Civeo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, May 27th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.00 annualized dividend and a yield of 4.01%. Civeo’s dividend payout ratio (DPR) is presently 47.39%.

Civeo Company Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.