Allan Schoening Sells 5,000 Shares of Civeo Co. (NYSE:CVEO) Stock

Civeo Co. (NYSE:CVEO) SVP Allan Schoening sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.50, for a total value of $137,500.00. Following the sale, the senior vice president now directly owns 16,146 shares of the company’s stock, valued at approximately $444,015. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Civeo Trading Down 0.4 %

NYSE CVEO opened at $27.65 on Thursday. The stock has a market cap of $404.24 million, a P/E ratio of 13.10 and a beta of 2.07. The company’s fifty day simple moving average is $24.78 and its 200-day simple moving average is $24.57. The company has a current ratio of 1.55, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. Civeo Co. has a 52 week low of $17.98 and a 52 week high of $28.25.

Civeo (NYSE:CVEO) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.35. The firm had revenue of $188.71 million for the quarter, compared to the consensus estimate of $173.70 million. Civeo had a net margin of 4.95% and a return on equity of 4.75%. During the same period in the prior year, the firm posted $0.30 EPS. Equities research analysts predict that Civeo Co. will post -0.3 EPS for the current fiscal year.

Civeo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, August 26th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.62%. The ex-dividend date is Monday, August 26th. Civeo’s payout ratio is currently 47.39%.

Institutional Investors Weigh In On Civeo

Institutional investors have recently made changes to their positions in the company. Quent Capital LLC acquired a new stake in Civeo during the first quarter worth about $98,000. SG Americas Securities LLC bought a new position in Civeo in the 2nd quarter worth about $128,000. Hillsdale Investment Management Inc. acquired a new position in shares of Civeo during the fourth quarter worth approximately $146,000. Meixler Investment Management Ltd. acquired a new stake in Civeo in the 1st quarter valued at approximately $220,000. Finally, Jump Financial LLC acquired a new position in Civeo during the 4th quarter worth $201,000. 81.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and set a $32.00 target price (up previously from $31.00) on shares of Civeo in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Civeo from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 20th.

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.