Civeo Corp (NYSE:CVEO)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.66 and last traded at $1.71, with a volume of 34066 shares changing hands. The stock had previously closed at $1.80.
Several equities analysts have issued reports on the company. TheStreet lowered Civeo from a “c-” rating to a “d” rating in a research note on Wednesday, October 31st. Craig Hallum set a $4.00 target price on Civeo and gave the stock a “buy” rating in a research report on Wednesday, October 31st. ValuEngine raised Civeo from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. Finally, Stifel Nicolaus set a $5.00 target price on Civeo and gave the stock a “buy” rating in a research report on Friday, September 28th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $4.50.
The company has a quick ratio of 1.46, a current ratio of 1.53 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $285.55 million, a price-to-earnings ratio of -2.58 and a beta of 4.05.
Civeo (NYSE:CVEO) last issued its earnings results on Wednesday, October 31st. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). Civeo had a negative return on equity of 20.55% and a negative net margin of 25.69%. The firm had revenue of $120.49 million for the quarter, compared to analyst estimates of $124.30 million. On average, equities research analysts predict that Civeo Corp will post -0.28 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Gagnon Securities LLC bought a new stake in Civeo during the second quarter worth $139,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Civeo during the second quarter worth $145,000. AQR Capital Management LLC bought a new stake in Civeo during the third quarter worth $153,000. UBS Group AG grew its holdings in Civeo by 109.4% during the first quarter. UBS Group AG now owns 42,890 shares of the business services provider’s stock worth $162,000 after buying an additional 22,412 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in Civeo by 857.0% during the second quarter. Citadel Advisors LLC now owns 81,343 shares of the business services provider’s stock worth $354,000 after buying an additional 72,843 shares in the last quarter. Institutional investors and hedge funds own 66.70% of the company’s stock.
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About Civeo (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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