Civeo Co. (NYSE:CVEO) Short Interest Update

Civeo Co. (NYSE:CVEO) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 70,400 shares, a decrease of 21.7% from the October 31st total of 89,900 shares. Based on an average trading volume of 53,600 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Civeo from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Institutional Trading of Civeo

Several large investors have recently added to or reduced their stakes in CVEO. Quantbot Technologies LP bought a new stake in shares of Civeo during the 3rd quarter worth about $68,000. Quent Capital LLC bought a new stake in Civeo during the third quarter worth approximately $100,000. SG Americas Securities LLC acquired a new stake in Civeo in the second quarter worth approximately $128,000. Aristides Capital LLC bought a new position in Civeo during the 2nd quarter valued at $213,000. Finally, State Street Corp bought a new position in Civeo during the 3rd quarter valued at $222,000. 81.44% of the stock is currently owned by institutional investors and hedge funds.

Civeo Stock Performance

Shares of Civeo stock traded down $0.22 during trading hours on Monday, reaching $23.16. The company’s stock had a trading volume of 86,851 shares, compared to its average volume of 52,458. Civeo has a one year low of $21.44 and a one year high of $28.92. The company’s 50 day simple moving average is $26.36 and its 200 day simple moving average is $25.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The stock has a market cap of $318.91 million, a P/E ratio of 16.70 and a beta of 2.06.

Civeo (NYSE:CVEO) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.38). Civeo had a return on equity of 0.11% and a net margin of 3.00%. The company had revenue of $176.34 million for the quarter, compared to analyst estimates of $172.59 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. As a group, analysts expect that Civeo will post -0.58 EPS for the current fiscal year.

Civeo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.32%. Civeo’s dividend payout ratio (DPR) is presently 71.43%.

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.