Civeo (NYSE:CVEO) Price Target Raised to $42.00

Civeo (NYSE:CVEO) had its price objective raised by Stifel Nicolaus from $37.00 to $42.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other research firms have also commented on CVEO. Raymond James Financial lowered Civeo from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 1st. Northland Securities assumed coverage on shares of Civeo in a report on Thursday, October 1st. They set an “outperform” rating and a $42.00 target price for the company. Weiss Ratings upgraded shares of Civeo from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 31st. Finally, Roth Capital started coverage on shares of Civeo in a research note on Thursday, October 1st. They issued a “buy” rating and a $39.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Civeo presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

Civeo Trading Down 5.8%

Shares of CVEO opened at $32.84 on Tuesday. Civeo has a 52 week low of $20.97 and a 52 week high of $38.06. The stock’s 50-day moving average price is $32.39 and its 200-day moving average price is $31.20. 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 (NYSE:CVEO) last announced its quarterly 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 company had revenue of $193.10 million during the quarter, compared to analysts’ expectations of $174.05 million. Civeo had a negative return on equity of 4.77% and a negative net margin of 1.08%. As a group, equities analysts predict that Civeo will post -0.93 EPS for the current year.

Insider Activity at Civeo

In related news, CEO Bradley J. Dodson sold 23,288 shares of Civeo stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $37.17, for a total value of $865,614.96. Following the completion of the transaction, the chief executive officer owned 238,178 shares in the company, valued at $8,853,076.26. The trade was a 8.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Civeo

A number of hedge funds have recently bought and sold shares of CVEO. Sei Investments Co. increased its position 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 buying an additional 36,487 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Civeo in the second quarter valued at approximately $1,032,000. Engineers Gate Manager LP acquired a new position in shares of Civeo during the 2nd quarter worth approximately $217,000. Dimensional Fund Advisors LP raised its stake in shares of Civeo by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 639,272 shares of the business services provider’s stock worth $16,915,000 after buying an additional 11,114 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Civeo during the 1st quarter worth approximately $217,000. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Civeo News Roundup

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Stifel Nicolaus raised its price target to $42 from $37 and reiterated a Buy rating, signaling improved upside expectations. Stifel price-target article
• Positive Sentiment: Some estimate revisions were favorable: Northland raised its FY2026 forecast to a loss of $0.85 per share from $1.37, and Sidoti increased its Q2 and Q3 2027 estimates.
• Neutral Sentiment: Sidoti also issued an FY2028 earnings forecast, though the available report details do not specify the estimate. Sidoti FY2028 forecast article
• Negative Sentiment: Analysts cut several near-term and 2027 forecasts. Sidoti lowered its Q4 2026 estimate to a $1.09-per-share loss and its FY2027 outlook from $0.09 earnings to a $0.48 loss. Northland also reduced estimates for Q4 2026, Q1 2027, and FY2027, although it retained an Outperform rating and $42 target. Northland estimate article
• Negative Sentiment: CEO Bradley Dodson sold 23,288 shares for approximately $866,000, an 8.91% reduction in his direct holdings. The filing does not disclose the reason for the sale. SEC Form 4 filing

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.