BidaskClub upgraded shares of Civeo Corporation (NYSE:CVEO) from a hold rating to a buy rating in a research note released on Tuesday, November 7th.
Several other brokerages have also recently weighed in on CVEO. Royal Bank Of Canada set a $3.00 target price on Civeo Corporation and gave the company a hold rating in a report on Sunday, October 8th. ValuEngine raised Civeo Corporation from a sell rating to a hold rating in a research note on Friday, September 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $4.17.
Shares of Civeo Corporation (NYSE:CVEO) traded down $0.11 on Tuesday, reaching $1.95. The company had a trading volume of 904,800 shares, compared to its average volume of 958,033. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.58. Civeo Corporation has a 52-week low of $1.57 and a 52-week high of $3.73.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC acquired a new stake in shares of Civeo Corporation in the 3rd quarter valued at $171,000. Alps Advisors Inc. grew its stake in shares of Civeo Corporation by 37.6% during the second quarter. Alps Advisors Inc. now owns 62,857 shares of the business services provider’s stock worth $132,000 after purchasing an additional 17,186 shares during the period. M&T Bank Corp grew its stake in shares of Civeo Corporation by 3.8% during the second quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock worth $141,000 after purchasing an additional 2,445 shares during the period. Wells Fargo & Company MN grew its stake in shares of Civeo Corporation by 116.7% during the second quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock worth $189,000 after purchasing an additional 48,529 shares during the period. Finally, KCG Holdings Inc. grew its stake in shares of Civeo Corporation by 76.4% during the first quarter. KCG Holdings Inc. now owns 112,757 shares of the business services provider’s stock worth $337,000 after purchasing an additional 48,831 shares during the period. 76.35% of the stock is owned by institutional investors.
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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