Civeo (NYSE:CVEO) Given New $27.00 Price Target at Stifel Nicolaus

Civeo (NYSE:CVEO - Get Free Report) had its price objective dropped by research analysts at Stifel Nicolaus from $28.00 to $27.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the business services provider's stock. Stifel Nicolaus' price target would indicate a potential upside of 44.26% from the company's current price.

Separately, StockNews.com raised Civeo from a "hold" rating to a "buy" rating in a research note on Thursday.

Civeo Stock Down 1.4 %

Shares of CVEO opened at $18.72 on Friday. Civeo has a 1 year low of $18.01 and a 1 year high of $28.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The stock has a 50 day simple moving average of $21.26 and a two-hundred day simple moving average of $23.30. The firm has a market cap of $253.58 million, a P/E ratio of 13.37 and a beta of 1.54.

Civeo (NYSE:CVEO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.72) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.06. Civeo had a net margin of 3.00% and a return on equity of 0.11%. The business had revenue of $144.04 million during the quarter, compared to analyst estimates of $150.86 million. On average, analysts forecast that Civeo will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of Civeo

Several large investors have recently added to or reduced their stakes in the stock. Topline Capital Management LLC purchased a new stake in shares of Civeo in the 4th quarter worth about $4,663,000. Balyasny Asset Management L.P. bought a new stake in Civeo during the 4th quarter valued at approximately $1,941,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Civeo by 63.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 170,118 shares of the business services provider's stock worth $3,865,000 after acquiring an additional 66,097 shares during the period. Raymond James Financial Inc. bought a new position in shares of Civeo in the 4th quarter worth approximately $1,452,000. Finally, American Century Companies Inc. lifted its stake in shares of Civeo by 15.9% in the 4th quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider's stock valued at $9,043,000 after purchasing an additional 54,532 shares during the period. Institutional investors own 81.44% of the company's stock.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.