BidaskClub upgraded shares of Civeo Corporation (NYSE:CVEO) from a hold rating to a buy rating in a report published on Saturday, September 9th.
A number of other research analysts also recently issued reports on CVEO. Royal Bank Of Canada set a $4.00 price objective on Civeo Corporation and gave the company a hold rating in a research note on Saturday, June 24th. ValuEngine upgraded Civeo Corporation from a strong sell rating to a sell rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $3.69.
Shares of Civeo Corporation (NYSE:CVEO) opened at 2.52 on Friday. Civeo Corporation has a one year low of $1.00 and a one year high of $3.73. The firm’s 50-day moving average price is $1.99 and its 200 day moving average price is $2.37. The firm’s market cap is $333.27 million.
Civeo Corporation (NYSE:CVEO) last announced its quarterly earnings results on Friday, July 28th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. The business had revenue of $92.01 million during the quarter. Civeo Corporation had a negative return on equity of 12.63% and a negative net margin of 24.80%. Analysts predict that Civeo Corporation will post ($0.52) EPS for the current year.
A number of large investors have recently made changes to their positions in CVEO. Alps Advisors Inc. lifted its position in shares of Civeo Corporation by 37.6% during the 2nd quarter. Alps Advisors Inc. now owns 62,857 shares of the business services provider’s stock valued at $132,000 after buying an additional 17,186 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Civeo Corporation during the 1st quarter valued at $139,000. M&T Bank Corp lifted its position in shares of Civeo Corporation by 3.8% during the 2nd quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock valued at $141,000 after buying an additional 2,445 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Civeo Corporation during the 1st quarter valued at $155,000. Finally, Wells Fargo & Company MN lifted its position in shares of Civeo Corporation by 116.7% during the 2nd quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock valued at $189,000 after buying an additional 48,529 shares during the last quarter. Hedge funds and other institutional investors own 76.16% of the company’s stock.
Civeo Corporation Company Profile
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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