Civeo (NYSE:CVEO) Upgraded at Wall Street Zen

Civeo (NYSE:CVEO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Friday.

Separately, Stifel Nicolaus dropped their target price on Civeo from $28.00 to $27.00 and set a "buy" rating on the stock in a report on Friday, May 2nd.

Civeo Trading Down 0.8%

NYSE CVEO traded down $0.17 during trading hours on Friday, reaching $21.64. The company had a trading volume of 100,319 shares, compared to its average volume of 71,479. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $291.12 million, a P/E ratio of 15.46 and a beta of 1.28. The stock has a 50-day moving average of $20.66 and a 200 day moving average of $22.37. Civeo has a 1-year low of $18.01 and a 1-year high of $28.92.

Civeo (NYSE:CVEO - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported ($0.72) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.06. The firm 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, research analysts anticipate that Civeo will post -0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of Civeo by 42.4% during the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock worth $149,000 after buying an additional 1,950 shares during the last quarter. Empowered Funds LLC lifted its position in Civeo by 5.1% during the 4th quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider's stock worth $2,289,000 after acquiring an additional 4,885 shares during the period. TCW Group Inc. grew its stake in shares of Civeo by 4.2% in the 4th 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. Raymond James Financial Inc. acquired a new position in shares of Civeo in the fourth quarter valued at approximately $1,452,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Civeo during the fourth quarter worth approximately $878,000. 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.