Civeo (NYSE:CVEO) Posts Earnings Results

Civeo (NYSE:CVEO) issued its quarterly earnings results on Tuesday. The business services provider reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.15), reports. The company had revenue of $161.62 million during the quarter, compared to analyst estimates of $170.17 million. Civeo had a negative return on equity of 12.10% and a negative net margin of 4.57%.

Here are the key takeaways from Civeo’s conference call:

• Share buybacks progressing: Civeo repurchased ~2.3M shares (~$54M) in 2025, added ~500k shares YTD to reach ~95% of its authorization, and announced a follow-on 10% repurchase authorization, signaling continued return of capital and a smaller share count.
• Australia drove performance: Record 2025 Australian revenues of AUD 460M and Q4 revenue/EBITDA growth (+9% YoY) were led by integrated services expansion and the May 2025 Bowen Basin acquisition, with integrated services targeting AUD 500M by 2027.
• Canada delivered meaningful margin recovery—Q4 adjusted EBITDA rose to CAD 3.4M from -CAD 5.4M a year ago due to structural cost actions—but full-year Canadian revenue fell and oil sands activity remains subdued.
• 2026 outlook and positioning: Management guided to $650–700M revenue, $85–90M adjusted EBITDA and $25–30M CapEx, with net leverage around 1.9x, describing 2026 as a year to solidify the cost base and position for potential infrastructure and data center demand beyond 2026.

Civeo Price Performance

NYSE:CVEO traded up $0.97 during trading hours on Wednesday, reaching $28.00. 20,144 shares of the company’s stock were exchanged, compared to its average volume of 56,347. The company has a market capitalization of $322.56 million, a P/E ratio of -13.27 and a beta of 0.57. Civeo has a 12 month low of $18.01 and a 12 month high of $29.33. The business’s 50-day simple moving average is $25.78 and its two-hundred day simple moving average is $23.62. The company has a quick ratio of 1.57, a current ratio of 1.64 and a debt-to-equity ratio of 1.03.

Civeo News Roundup

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on CVEO from $33 to $37 and initiated/maintained a “buy” stance, implying roughly ~38% upside from the recent price; this upgrade could support a recovery if fundamentals or guidance improve. Benzinga
• Positive Sentiment: Technical note: shares recently moved above the 50‑day moving average, which some traders view as a bullish signal that could attract momentum buyers. AmericanBankingNews
• Neutral Sentiment: Civeo published its formal Q4 and full‑year 2025 results and commentary; management highlighted record annual revenues in its Australian segment but described a challenging macro backdrop — useful for context but mixed in directional impact. BusinessWire
• Negative Sentiment: Q4 EPS missed consensus: reported loss of $0.56 vs. estimate of a $0.41 loss; revenue came in at $161.62M vs. $170.17M expected. The shortfall (EPS and revenue) is the primary near‑term reason for investor selling pressure. MarketBeat earnings
• Negative Sentiment: Guidance flagged conservatism: FY‑2026 revenue guidance was set at roughly $650M–$700M (street consensus ~ $676M), which some investors read as a below‑expectations midpoint and contributed to downside reaction. Investing.com
• Negative Sentiment: Analyst and media coverage emphasizing the miss (Zacks, WTOP, Seeking Alpha transcripts) amplified selling; investors focused on negative margins and ROE metrics cited in filings. Zacks

Insider Activity

In other news, major shareholder Engine Capital Management, Lp sold 417,015 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $28.80, for a total transaction of $12,010,032.00. Following the sale, the insider directly owned 66,119 shares of the company’s stock, valued at $1,904,227.20. The trade was a 86.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Civeo

A number of institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in Civeo by 5.5% during the fourth quarter. Empowered Funds LLC now owns 109,216 shares of the business services provider’s stock valued at $2,498,000 after buying an additional 5,702 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Civeo during the fourth quarter valued at approximately $573,000. Charles Schwab Investment Management Inc. lifted its position in shares of Civeo by 38.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 189,057 shares of the business services provider’s stock valued at $4,324,000 after acquiring an additional 52,660 shares in the last quarter. Boston Partners boosted its stake in Civeo by 12.4% in the 4th quarter. Boston Partners now owns 161,911 shares of the business services provider’s stock worth $3,703,000 after purchasing an additional 17,871 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Civeo by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 628,158 shares of the business services provider’s stock worth $14,366,000 after purchasing an additional 9,784 shares during the period. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Civeo from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Stifel Nicolaus lifted their price target on Civeo from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Civeo in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.00.

Civeo Company Profile

Civeo Corporation is a leading provider of workforce accommodations and integrated facility management services, primarily serving the oil and gas, mining, and construction sectors. The company specializes in the development, ownership, and operation of remote lodging facilities, commonly known as “man camps,” designed to house workers in geographically challenging environments. Its services include turnkey accommodations, catering, housekeeping, grounds maintenance, and logistical support, tailored to meet the needs of large-scale energy and resource projects.

With a network of lodges and villages across North America and Australia, Civeo caters to clients operating in regions such as Alberta’s oil sands, the Bakken shale play, and Australia’s Pilbara and Bowen Basin mining districts.