Civeo (NYSE:CVEO) Lowered to "Buy" at StockNews.com

Civeo (NYSE:CVEO - Get Free Report) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Tuesday.

Separately, Stifel Nicolaus lifted their target price on shares of Civeo from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday.

Civeo Trading Up 0.9 %

NYSE:CVEO traded up $0.20 during trading hours on Tuesday, reaching $23.27. The company's stock had a trading volume of 91,553 shares, compared to its average volume of 60,667. The firm has a market capitalization of $341.14 million, a price-to-earnings ratio of 11.03 and a beta of 2.17. The firm has a 50-day simple moving average of $25.14 and a 200-day simple moving average of $23.17. Civeo has a 1 year low of $17.98 and a 1 year high of $28.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 1.82.

Civeo (NYSE:CVEO - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.33. The business had revenue of $170.80 million for the quarter, compared to analyst estimates of $151.12 million. Civeo had a net margin of 4.49% and a return on equity of 3.53%. Research analysts expect that Civeo will post 0.14 EPS for the current fiscal year.

Institutional Trading of Civeo

Several large investors have recently added to or reduced their stakes in CVEO. Bailard Inc. bought a new position in shares of Civeo in the third quarter worth approximately $218,000. Brown Advisory Inc. boosted its position in shares of Civeo by 21.3% in the third quarter. Brown Advisory Inc. now owns 315,719 shares of the business services provider's stock worth $6,545,000 after purchasing an additional 55,534 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of Civeo by 3.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 317,823 shares of the business services provider's stock worth $6,588,000 after purchasing an additional 9,800 shares during the period. Moors & Cabot Inc. boosted its position in shares of Civeo by 4.3% during the third quarter. Moors & Cabot Inc. now owns 43,083 shares of the business services provider's stock worth $893,000 after acquiring an additional 1,767 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Civeo by 6.1% during the third quarter. UBS Group AG now owns 118,190 shares of the business services provider's stock worth $2,450,000 after acquiring an additional 6,841 shares during the last quarter. 81.44% of the stock is currently owned by institutional investors.

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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