Civeo Q2 Earnings Forecast Decreased by Northland Securities

Civeo Corporation (NYSE:CVEO) – Equities research analysts at Northland Securities dropped their Q2 2027 earnings per share estimates for shares of Civeo in a research note issued on Monday, November 2nd. Northland Securities analyst G. Gibas now anticipates that the business services provider will earn $0.12 per share for the quarter, down from their previous forecast of $0.17. Northland Securities currently has an “Outperform” rating and a $42.00 price target on the stock. The consensus estimate for Civeo’s current full-year earnings is ($1.00) per share. Northland Securities also issued estimates for Civeo’s Q3 2027 earnings at $0.32 EPS.

CVEO has been the topic of a number of other reports. Roth Capital assumed coverage on Civeo in a research note on Thursday, October 1st. They issued a “buy” rating and a $39.00 target price on the stock. Raymond James Financial lowered Civeo from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 1st. Finally, Weiss Ratings upgraded shares of Civeo from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 31st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.25.

Civeo Price Performance

Civeo stock opened at $36.07 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.89 and a quick ratio of 1.81. The business’s fifty day simple moving average is $32.31 and its two-hundred day simple moving average is $31.05. Civeo has a 12 month low of $20.94 and a 12 month high of $38.06.

Civeo (NYSE:CVEO) last posted its quarterly earnings data on Thursday, October 29th. The business services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.77. The company had revenue of $193.10 million during the quarter, compared to analyst estimates of $174.05 million. Civeo had a negative return on equity of 7.82% and a negative net margin of 1.93%.

Institutional Investors Weigh In On Civeo

Several institutional investors and hedge funds have recently made changes to their positions in the company. OMERS ADMINISTRATION Corp purchased a new position in shares of Civeo during the first quarter valued at approximately $217,000. Engineers Gate Manager LP bought a new position in Civeo during the second quarter valued at approximately $217,000. Bank of New York Mellon Corp bought a new position in Civeo during the second quarter valued at approximately $1,032,000. Sei Investments Co. boosted its holdings in Civeo by 104.2% in the first quarter. Sei Investments Co. now owns 71,487 shares of the business services provider’s stock worth $1,892,000 after purchasing an additional 36,487 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Civeo by 12.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 126,478 shares of the business services provider’s stock worth $3,347,000 after purchasing an additional 13,564 shares during the last quarter. Institutional investors own 81.44% of the company’s stock.

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.