Civeo (NYSE:CVEO) CEO Bradley Dodson Sells 23,288 Shares of Stock

Key Points

• CEO Bradley Dodson sold 23,288 Civeo shares for about $865,615, reducing his direct stake by 8.91% to 238,178 shares.
• Civeo reported quarterly EPS of $0.50, beating the consensus estimate of a $0.27 loss, and revenue of $193.1 million versus expectations of $174.05 million.
• Analyst outlook is mixed: Stifel raised its price target to $42 and several firms maintain positive ratings, but forecasts diverge on the pace of Civeo’s recovery and the stock fell 3.5% in Wednesday trading.

Civeo Corporation (NYSE:CVEO - Get Free Report) CEO Bradley Dodson sold 23,288 shares of the company's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $37.17, for a total value of $865,614.96. Following the sale, the chief executive officer directly owned 238,178 shares in the company, valued at $8,853,076.26. This represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Civeo Stock Down 3.5%

Shares of NYSE CVEO traded down $1.30 during mid-day trading on Wednesday, hitting $35.76. The company had a trading volume of 49,652 shares, compared to its average volume of 107,936. The company has a market capitalization of $369.71 million, a PE ratio of -56.48 and a beta of 0.72. The business's 50-day simple moving average is $32.38 and its 200 day simple moving average is $31.11. Civeo Corporation has a 1-year low of $20.97 and a 1-year high of $38.06. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.65.

Civeo (NYSE:CVEO - Get Free Report) last released its earnings results on Thursday, October 29th. The business services provider reported $0.50 EPS for the quarter, topping the consensus estimate of ($0.27) by $0.77. Civeo had a negative return on equity of 4.77% and a negative net margin of 1.08%. The firm had revenue of $193.10 million during the quarter, compared to analysts' expectations of $174.05 million. On average, analysts predict that Civeo Corporation will post -1.00 earnings per share for the current year.

Institutional Investors Weigh In On Civeo

Several hedge funds and other institutional investors have recently made changes to their positions in CVEO. Engineers Gate Manager LP purchased a new position in Civeo in the second quarter valued at approximately $217,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Civeo during the 1st quarter worth approximately $217,000. Bank of New York Mellon Corp purchased a new stake in shares of Civeo during the 2nd quarter worth approximately $1,032,000. Sei Investments Co. lifted its position in shares of Civeo by 104.2% during the 1st quarter. Sei Investments Co. now owns 71,487 shares of the business services provider's stock worth $1,892,000 after buying an additional 36,487 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Civeo by 12.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 126,478 shares of the business services provider's stock valued at $3,347,000 after buying an additional 13,564 shares in the last quarter. Institutional investors and hedge funds own 81.44% of the company's stock.

Civeo News Roundup

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Stifel Nicolaus raised its price target to $42 from $37 and maintained a Buy rating. Northland Securities also retains an Outperform rating and $42 target. Stifel Nicolaus analyst recommendations
• Positive Sentiment: Both Sidoti and Northland improved their FY2026 earnings forecasts: Sidoti now expects a $1.16-per-share loss, versus $1.26 previously, while Northland sees an $0.85 loss, versus $1.37. Sidoti also raised its Q2 and Q3 2027 EPS estimates to $0.09 and $0.39, respectively. Civeo analyst estimates
• Neutral Sentiment: Analyst forecasts diverge: Northland still projects a $0.15-per-share profit for FY2027, while Sidoti now expects a $0.48 loss. That disagreement underscores uncertainty around the pace of Civeo’s recovery. Civeo analyst estimates
• Negative Sentiment: Recent revisions also point to weaker near-term results. Sidoti cut its Q4 2026 EPS estimate to a $1.09 loss and its Q1 2027 estimate to an $0.82 loss; Northland lowered its corresponding forecasts to losses of $0.76 and $0.31 per share. Both firms reduced FY2027 estimates, with Sidoti moving to a loss forecast and Northland lowering its expected profit. Civeo analyst estimates

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Roth Capital started coverage on shares of Civeo in a research note on Thursday, October 1st. They set a "buy" rating and a $39.00 target price on the stock. Stifel Nicolaus lifted their price target on shares of Civeo from $37.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday. Weiss Ratings upgraded shares of Civeo from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday, August 31st. Raymond James Financial downgraded shares of Civeo from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 1st. Finally, Northland Securities started coverage on shares of Civeo in a report on Thursday, October 1st. They issued an "outperform" rating and a $42.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.50.

Civeo Company Profile

Civeo Corporation is a provider of workforce accommodations and related services for the natural resources and other industries that operate in remote locations. The company develops, owns and operates workforce villages, lodges and other lodging facilities designed to house employees and contractors near work sites.

Civeo's services include room accommodations, food services, housekeeping, facility management, logistics and transportation support. Its facilities are used by customers in sectors such as oil and gas, mining, and infrastructure development, where temporary or long-term workforce housing is needed.

Headquartered in Houston, Texas, Civeo serves customers primarily in Canada, Australia and the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.