Civeo Corporation (NYSE:CVEO) received a $3.00 target price from analysts at Royal Bank Of Canada in a research note issued on Sunday, October 8th. The brokerage currently has a “hold” rating on the business services provider’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 20.48% from the company’s previous close.
Several other research firms have also recently weighed in on CVEO. BidaskClub raised shares of Civeo Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. ValuEngine raised shares of Civeo Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $4.17.
Shares of Civeo Corporation (NYSE:CVEO) opened at 2.49 on Friday. Civeo Corporation has a 12 month low of $1.08 and a 12 month high of $3.73. The stock’s market capitalization is $329.30 million. The company’s 50-day moving average is $2.54 and its 200-day moving average is $2.33.
Civeo Corporation (NYSE:CVEO) last posted its quarterly earnings data on Friday, July 28th. The business services provider reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. Civeo Corporation had a negative net margin of 24.80% and a negative return on equity of 12.63%. The business had revenue of $92.01 million during the quarter. Equities research analysts expect that Civeo Corporation will post ($0.52) earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. lifted its holdings in shares of Civeo Corporation by 37.6% in the second quarter. Alps Advisors Inc. now owns 62,857 shares of the business services provider’s stock worth $132,000 after acquiring an additional 17,186 shares during the last quarter. Blair William & Co. IL bought a new position in shares of Civeo Corporation in the first quarter worth about $139,000. M&T Bank Corp lifted its holdings in shares of Civeo Corporation by 3.8% in the second quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock worth $141,000 after acquiring an additional 2,445 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Civeo Corporation in the first quarter worth about $155,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Civeo Corporation by 116.7% in the second quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock worth $189,000 after acquiring an additional 48,529 shares during the last quarter. 76.16% of the stock is owned by hedge funds and other institutional investors.
About Civeo Corporation
Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.
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