Civeo (NYSE:CVEO) CEO Sells $865,614.96 in Stock

Civeo Corporation (NYSE:CVEO) CEO Bradley Dodson sold 23,288 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $37.17, for a total transaction of $865,614.96. Following the completion of the transaction, the chief executive officer owned 238,178 shares of the company’s stock, valued at $8,853,076.26. This represents a 8.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Civeo Stock Performance

Shares of CVEO stock traded down $1.30 during mid-day trading on Wednesday, hitting $35.76. 49,652 shares of the stock were exchanged, compared to its average volume of 107,936. The stock’s fifty day simple moving average is $32.38 and its two-hundred day simple moving average is $31.11. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.65 and a current ratio of 1.71. Civeo Corporation has a 12-month low of $20.97 and a 12-month high of $38.06. The stock has a market capitalization of $369.71 million, a price-to-earnings ratio of -56.48 and a beta of 0.72.

Civeo (NYSE:CVEO) last posted its earnings results on Thursday, October 29th. The business services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.77. The business had revenue of $193.10 million during the quarter, compared to the consensus estimate of $174.05 million. Civeo had a negative return on equity of 4.77% and a negative net margin of 1.08%. On average, analysts forecast that Civeo Corporation will post -1.00 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CVEO shares. Weiss Ratings upgraded Civeo from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 31st. Roth Capital assumed coverage on shares of Civeo in a research report on Thursday, October 1st. They set a “buy” rating and a $39.00 target price on the stock. Raymond James Financial cut shares of Civeo from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 1st. Northland Securities initiated coverage on shares of Civeo in a research report on Thursday, October 1st. They issued an “outperform” rating and a $42.00 price target for the company. Finally, Stifel Nicolaus increased their price target on shares of Civeo from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Civeo News Summary

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Stifel Nicolaus raised its price target to $42 from $37 and maintained a Buy rating. Northland Securities also retains an Outperform rating and $42 target. Stifel Nicolaus analyst recommendations
• Positive Sentiment: Both Sidoti and Northland improved their FY2026 earnings forecasts: Sidoti now expects a $1.16-per-share loss, versus $1.26 previously, while Northland sees an $0.85 loss, versus $1.37. Sidoti also raised its Q2 and Q3 2027 EPS estimates to $0.09 and $0.39, respectively. Civeo analyst estimates
• Neutral Sentiment: Analyst forecasts diverge: Northland still projects a $0.15-per-share profit for FY2027, while Sidoti now expects a $0.48 loss. That disagreement underscores uncertainty around the pace of Civeo’s recovery. Civeo analyst estimates
• Negative Sentiment: Recent revisions also point to weaker near-term results. Sidoti cut its Q4 2026 EPS estimate to a $1.09 loss and its Q1 2027 estimate to an $0.82 loss; Northland lowered its corresponding forecasts to losses of $0.76 and $0.31 per share. Both firms reduced FY2027 estimates, with Sidoti moving to a loss forecast and Northland lowering its expected profit. Civeo analyst estimates

Hedge Funds Weigh In On Civeo

Several institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP purchased a new stake in Civeo during the 2nd quarter valued at approximately $217,000. Bank of New York Mellon Corp acquired a new stake in Civeo during the 2nd quarter worth approximately $1,032,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Civeo in the 1st quarter valued at approximately $217,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Civeo by 12.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 126,478 shares of the business services provider’s stock valued at $3,347,000 after purchasing an additional 13,564 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Civeo by 104.2% in the first quarter. Sei Investments Co. now owns 71,487 shares of the business services provider’s stock valued at $1,892,000 after purchasing an additional 36,487 shares during the period. Institutional investors and hedge funds own 81.44% of the company’s stock.

Civeo Company Profile

Civeo Corporation is a provider of workforce accommodations and related services for the natural resources and other industries that operate in remote locations. The company develops, owns and operates workforce villages, lodges and other lodging facilities designed to house employees and contractors near work sites.

Civeo’s services include room accommodations, food services, housekeeping, facility management, logistics and transportation support. Its facilities are used by customers in sectors such as oil and gas, mining, and infrastructure development, where temporary or long-term workforce housing is needed.

Headquartered in Houston, Texas, Civeo serves customers primarily in Canada, Australia and the United States.