Stifel Nicolaus Lowers Civeo (NYSE:CVEO) Price Target to $27.00

Civeo (NYSE:CVEO - Free Report) had its price objective decreased by Stifel Nicolaus from $28.00 to $27.00 in a research note released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the business services provider's stock.

Separately, StockNews.com upgraded Civeo from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st.

Civeo Stock Performance

CVEO traded up $0.16 during trading hours on Friday, hitting $19.30. The company's stock had a trading volume of 39,720 shares, compared to its average volume of 67,964. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. Civeo has a fifty-two week low of $18.01 and a fifty-two week high of $28.92. The company has a 50-day simple moving average of $20.89 and a 200 day simple moving average of $23.09. The firm has a market capitalization of $261.43 million, a PE ratio of 13.86 and a beta of 1.29.

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

Institutional Investors Weigh In On Civeo

A number of institutional investors and hedge funds have recently modified their holdings of the stock. TCW Group Inc. lifted its holdings in shares of Civeo by 4.2% during the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock valued at $17,727,000 after purchasing an additional 31,157 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Civeo by 3.2% during the 4th quarter. Renaissance Technologies LLC now owns 659,648 shares of the business services provider's stock worth $14,987,000 after buying an additional 20,200 shares during the period. Dimensional Fund Advisors LP lifted its stake in Civeo by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 517,457 shares of the business services provider's stock valued at $11,756,000 after buying an additional 35,648 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Civeo by 15.9% in the fourth quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider's stock worth $9,043,000 after buying an additional 54,532 shares during the period. Finally, Topline Capital Management LLC acquired a new stake in shares of Civeo during the fourth quarter valued at approximately $4,663,000. Institutional investors and hedge funds 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.