Equities Analysts Issue Forecasts for Civeo Q2 Earnings

Key Points

• Sidoti cut Q2 outlook: Sidoti lowered its Q2 2026 EPS estimate for Civeo to ($0.30) from ($0.05) and projects FY2026 losses, signaling weaker near-term earnings expectations.
• Mixed operational results: Civeo reported ($0.34) EPS and $172.7M in revenue—beating consensus EPS of ($0.61) and revenue of $154.7M—but remains unprofitable with negative net margin and ROE, while Stifel raised its price target to $37 and the consensus rating stands at "Hold."
• Notable insider selling: Insiders sold 430,184 shares (~$12.4M) over the last quarter, including a large sale by Engine Capital, leaving insiders with about 6.5% ownership.

Civeo Corporation (NYSE:CVEO - Free Report) - Analysts at Sidoti lowered their Q2 2026 EPS estimates for Civeo in a report released on Monday, May 4th. Sidoti analyst S. Ferazani now expects that the business services provider will post earnings of ($0.30) per share for the quarter, down from their previous estimate of ($0.05). The consensus estimate for Civeo's current full-year earnings is ($0.70) per share. Sidoti also issued estimates for Civeo's Q3 2026 earnings at ($0.10) EPS, FY2026 earnings at ($1.13) EPS, Q1 2027 earnings at ($0.25) EPS, Q4 2027 earnings at ($0.02) EPS and FY2027 earnings at $0.49 EPS.

Separately, Stifel Nicolaus boosted their target price on shares of Civeo from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $37.00.

Civeo Trading Up 2.9%

Shares of NYSE:CVEO opened at $31.63 on Wednesday. The firm has a fifty day moving average of $28.61 and a two-hundred day moving average of $25.48. The company has a quick ratio of 1.81, a current ratio of 1.88 and a debt-to-equity ratio of 1.32. Civeo has a 12-month low of $18.89 and a 12-month high of $34.80. The firm has a market capitalization of $345.98 million, a P/E ratio of -26.58 and a beta of 0.73.

Civeo (NYSE:CVEO - Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The business services provider reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.27. Civeo had a negative net margin of 2.10% and a negative return on equity of 7.72%. The business had revenue of $172.67 million during the quarter, compared to the consensus estimate of $154.70 million.

Insider Buying and Selling

In related news, SVP Peter Mccann sold 4,000 shares of the company's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $28.64, for a total value of $114,560.00. Following the completion of the transaction, the senior vice president directly owned 50,942 shares in the company, valued at approximately $1,458,978.88. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Engine Capital Management, Lp sold 417,015 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $28.80, for a total transaction of $12,010,032.00. Following the transaction, the insider directly owned 66,119 shares of the company's stock, valued at $1,904,227.20. The trade was a 86.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 430,184 shares of company stock valued at $12,390,768. Corporate insiders own 6.50% of the company's stock.

Institutional Investors Weigh In On Civeo

Large investors have recently made changes to their positions in the company. Clearstead Advisors LLC grew its holdings in shares of Civeo by 191.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,538 shares of the business services provider's stock worth $35,000 after purchasing an additional 1,011 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its position in Civeo by 0.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 275,585 shares of the business services provider's stock worth $6,338,000 after buying an additional 2,115 shares in the last quarter. State of Wyoming bought a new stake in Civeo during the 2nd quarter worth about $66,000. Lido Advisors LLC increased its position in Civeo by 12.7% in the 4th quarter. Lido Advisors LLC now owns 25,909 shares of the business services provider's stock valued at $596,000 after acquiring an additional 2,916 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of Civeo in the third quarter worth about $79,000. Institutional investors own 81.44% of the company's stock.

Civeo Company Profile

Civeo Corporation is a leading provider of workforce accommodations and integrated facility management services, primarily serving the oil and gas, mining, and construction sectors. The company specializes in the development, ownership, and operation of remote lodging facilities, commonly known as “man camps,” designed to house workers in geographically challenging environments. Its services include turnkey accommodations, catering, housekeeping, grounds maintenance, and logistical support, tailored to meet the needs of large-scale energy and resource projects.

With a network of lodges and villages across North America and Australia, Civeo caters to clients operating in regions such as Alberta's oil sands, the Bakken shale play, and Australia's Pilbara and Bowen Basin mining districts.

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