Civeo (NYSE:CVEO) Rating Lowered to Sell at Wall Street Zen

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

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Civeo in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $27.00.

Civeo Trading Down 1.0%

NYSE:CVEO opened at $22.12 on Friday. Civeo has a 1 year low of $18.01 and a 1 year high of $28.23. The stock has a market capitalization of $277.63 million, a price-to-earnings ratio of -9.10 and a beta of 1.20. The stock has a fifty day moving average price of $23.15 and a two-hundred day moving average price of $22.28. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.51.

Civeo (NYSE:CVEO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.22). The firm had revenue of $162.69 million during the quarter, compared to analysts' expectations of $166.38 million. Civeo had a negative net margin of 5.25% and a negative return on equity of 12.76%. During the same quarter in the prior year, the business earned $0.57 EPS. Civeo has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Civeo will post -0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Engine Capital Management LP acquired a new stake in Civeo in the 1st quarter valued at approximately $30,777,000. Charles Schwab Investment Management Inc. bought a new position in Civeo in the 1st quarter valued at $1,070,000. TCW Group Inc. increased its stake in shares of Civeo by 2.0% in the 1st quarter. TCW Group Inc. now owns 795,845 shares of the business services provider's stock valued at $18,304,000 after buying an additional 15,628 shares during the period. Clough Capital Partners L P acquired a new stake in shares of Civeo in the 1st quarter valued at $728,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Civeo during the first quarter worth $204,000. Institutional investors and hedge funds own 81.44% of the company's stock.

Civeo Company Profile

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.

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