Civeo Co. (NYSE:CVEO - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.63 and traded as high as $22.90. Civeo shares last traded at $22.57, with a volume of 85,417 shares traded.
Analyst Ratings Changes
Several research firms recently issued reports on CVEO. Wall Street Zen upgraded shares of Civeo from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Stifel Nicolaus reduced their price target on shares of Civeo from $28.00 to $27.00 and set a "buy" rating for the company in a research report on Friday, May 2nd.
View Our Latest Report on CVEO
Civeo Trading Down 1.4%
The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. The company has a market cap of $298.39 million, a P/E ratio of 15.84 and a beta of 1.38. The business has a 50-day moving average price of $20.63 and a two-hundred day moving average price of $22.29.
Civeo (NYSE:CVEO - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.72) EPS for the quarter, topping analysts' consensus estimates of ($0.78) by $0.06. Civeo had a net margin of 3.00% and a return on equity of 0.11%. The firm had revenue of $144.04 million during the quarter, compared to analysts' expectations of $150.86 million. On average, analysts predict that Civeo Co. will post -0.58 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC raised 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 valued at $2,289,000 after purchasing an additional 4,885 shares during the last quarter. TCW Group Inc. increased its stake in Civeo by 4.2% in the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock worth $17,727,000 after purchasing an additional 31,157 shares during the period. Raymond James Financial Inc. bought a new position in shares of Civeo in the 4th quarter worth $1,452,000. OFI Invest Asset Management acquired a new position in shares of Civeo in the 4th quarter valued at $878,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Civeo by 25.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 72,415 shares of the business services provider's stock valued at $1,645,000 after purchasing an additional 14,583 shares in the last quarter. 81.44% of the stock is currently owned by hedge funds and other institutional investors.
Civeo Company Profile
(
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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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