Civeo Corp (NYSE:CVEO) shares reached a new 52-week low during trading on Thursday . The company traded as low as $1.66 and last traded at $1.71, with a volume of 34066 shares trading hands. The stock had previously closed at $1.80.
CVEO has been the subject of a number of analyst reports. Craig Hallum set a $4.00 price target on Civeo and gave the company a “buy” rating in a research note on Wednesday, October 31st. Stifel Nicolaus set a $5.00 target price on Civeo and gave the company a “buy” rating in a research report on Friday, September 28th. ValuEngine upgraded Civeo from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. Finally, TheStreet upgraded Civeo from a “d+” rating to a “c-” rating in a research report on Tuesday, August 28th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Civeo has an average rating of “Buy” and an average price target of $4.50.
The company has a debt-to-equity ratio of 0.77, a current ratio of 1.53 and a quick ratio of 1.46. The stock has a market cap of $285.55 million, a PE ratio of -2.58 and a beta of 4.05.
Civeo (NYSE:CVEO) last released its earnings results on Wednesday, October 31st. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02). Civeo had a negative net margin of 25.69% and a negative return on equity of 20.55%. The business had revenue of $120.49 million during the quarter, compared to the consensus estimate of $124.30 million. As a group, equities analysts expect that Civeo Corp will post -0.28 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Civeo by 55.8% during the third quarter. Vanguard Group Inc. now owns 224,530 shares of the business services provider’s stock worth $932,000 after purchasing an additional 80,438 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Civeo during the third quarter worth about $153,000. Point72 Asset Management L.P. bought a new stake in shares of Civeo during the third quarter worth about $1,111,000. LPL Financial LLC grew its holdings in shares of Civeo by 76.6% during the third quarter. LPL Financial LLC now owns 145,026 shares of the business services provider’s stock worth $602,000 after purchasing an additional 62,900 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Civeo by 2.6% in the third quarter. Renaissance Technologies LLC now owns 9,596,300 shares of the business services provider’s stock valued at $39,825,000 after acquiring an additional 247,700 shares during the last quarter. Institutional investors own 66.70% of the company’s stock.
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Civeo Company Profile (NYSE:CVEO)
Civeo Corporation offers workforce accommodation, logistics, and facility management services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; open camps; and mobile camps, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.
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