NYSE:CVEO

Civeo (CVEO) Stock Forecast, Price & News

$19.85

+0.38 (+1.95%)

(As of 05/26/2023 ET)

Compare

Today's Range: $19.54
▼
$20.23
50-Day Range: $18.36
▼
$21.74
52-Week Range: $17.87
▼
$36.88

Volume: 38,218 shs
Average Volume: 40,284 shs
Market Capitalization: $298.74 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $31.00

Civeo MarketRank™ Forecast

Analyst Rating: N/A
0.00 Rating Score
Upside/Downside: 56.2% Upside
$31.00 Price Target
Short Interest: Healthy
1.28% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$124,338 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.31) to ($0.05) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Consumer Discretionary Sector

225th out of 276 stocks

Hotels, Rooming Houses, Camps, & Other Lodging Places Industry

4th out of 4 stocks

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $31.00, Civeo has a forecasted upside of 56.2% from its current price of $19.85.
Amount of Analyst Coverage
Civeo has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.28% of the float of Civeo has been sold short.
Short Interest Ratio / Days to Cover
Civeo has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Civeo has recently decreased by 21.59%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Civeo does not currently pay a dividend.
Dividend Growth
Civeo does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CVEO.

1.9

News and Social Media Coverage

News Sentiment
Civeo has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Civeo this week, compared to 2 articles on an average week.
MarketBeat Follows
1 people have added Civeo to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Civeo insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $124,338.00 in company stock.
Percentage Held by Insiders
Only 3.40% of the stock of Civeo is held by insiders.
Percentage Held by Institutions
88.27% of the stock of Civeo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Civeo are expected to grow in the coming year, from ($0.31) to ($0.05) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Civeo is -22.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Civeo is -22.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Civeo has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Civeo (NYSE:CVEO) Stock

Civeo Corp. engages in the provision of workforce accommodations, logistics and facility management services to the natural resource industry. It operates through the following business segments: Canada, Australia, and U.S. The Canada segment provides accommodation services through lodges, open camps and mobile assets, which supports workforces from oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications, as well as disaster relief efforts. The Australia segment provides accommodations services on a day rate basis to mining and related service companies, such as construction contractors. The U.S. segment provides open camp facilities and highly mobile smaller camps that follow drilling rigs and completion crews as well as accommodation, office and storage modules that are placed on offshore drilling rigs and products platforms. The company was founded in 1977 and is headquartered in Houston, TX.

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CVEO Stock News Headlines

May 21, 2023 | americanbankingnews.com

Civeo (NYSE:CVEO) Research Coverage Started at StockNews.com

May 9, 2023 | finance.yahoo.com

Investors Will Want Civeo's (NYSE:CVEO) Growth In ROCE To Persist

May 28, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 2, 2023 | americanbankingnews.com

Civeo (NYSE:CVEO) Given New $31.00 Price Target at Stifel Nicolaus

May 1, 2023 | finance.yahoo.com

Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2023 Q1

April 26, 2023 | americanbankingnews.com

Civeo (CVEO) Scheduled to Post Quarterly Earnings on Friday

April 21, 2023 | finance.yahoo.com

Civeo (CVEO) Expected to Beat Earnings Estimates: Should You Buy?

April 17, 2023 | finance.yahoo.com

Civeo Announces First Quarter 2023 Earnings Conference Call

May 28, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

April 17, 2023 | ca.finance.yahoo.com

Civeo Corporation (CVEO) Interactive Stock Chart - Yahoo Finance

April 12, 2023 | finance.yahoo.com

When Will Civeo Corporation (NYSE:CVEO) Become Profitable?

March 29, 2023 | finance.yahoo.com

Stonegate Capital Partners Initiates Coverage on Civeo Corporation (CVEO)

March 22, 2023 | finance.yahoo.com

Civeo (NYSE:CVEO) shareholders have earned a 51% CAGR over the last three years

March 6, 2023 | finance.yahoo.com

Should You Hold Civeo Corporation (CVEO) for the Long Term?

March 2, 2023 | finance.yahoo.com

Civeo Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

February 28, 2023 | msn.com

Earnings Preview For Civeo

February 28, 2023 | finance.yahoo.com

Civeo (CVEO) Reports Q4 Loss, Tops Revenue Estimates

February 28, 2023 | finance.yahoo.com

Civeo Reports Fourth Quarter and Full Year 2022 Results

February 15, 2023 | finance.yahoo.com

Civeo Announces Fourth Quarter 2022 Earnings Conference Call

January 20, 2023 | finance.yahoo.com

Civeo Corporation (CVEO) Stock Historical Prices & Data - Yahoo Finance

January 12, 2023 | stocknews.com

The 2 Best Stocks to Purchase in January 2023

December 14, 2022 | finance.yahoo.com

With 65% ownership, Civeo Corporation (NYSE:CVEO) boasts of strong institutional backing

November 24, 2022 | finance.yahoo.com

Civeo Corporation (NYSE:CVEO) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

November 15, 2022 | finance.yahoo.com

Civeo Announces a 5-Year Integrated Services Contract Renewal with Expanded Scope in Australia

November 7, 2022 | 247wallst.com

Lance Torgerson Cuts Stake in Civeo (CVEO)

November 6, 2022 | msn.com

Civeo Earnings Perspective: Return On Capital Employed

November 3, 2022 | finance.yahoo.com

Civeo (NYSE:CVEO) Is Experiencing Growth In Returns On Capital

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CVEO Company Calendar

Last Earnings: 2/28/2023
Today: 5/28/2023
Next Earnings (Estimated): 8/04/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Hotels, rooming houses, camps, & other lodging places
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:CVEO
CUSIP: N/A
CIK: 1590584
Web: www.civeo.com
Phone: (713) 510-2400
Fax: 713-510-2499
Employees: 1,400
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $31.00
High Stock Price Forecast: $31.00
Low Stock Price Forecast: $31.00
Forecasted Upside/Downside: +56.2%
Consensus Rating: N/A
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.87)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $4 million
Net Margins: -0.54%
Pretax Margin: 0.31%
Return on Equity: 0.26%
Return on Assets: 0.13%

Debt

Debt-to-Equity Ratio: 0.41
Current Ratio: 1.54
Quick Ratio: 1.47

Sales & Book Value

Annual Sales: $697.05 million
Price / Sales: 0.43
Cash Flow: $6.99 per share
Price / Cash Flow: 2.84
Book Value: $19.42 per share
Price / Book: 1.02

Miscellaneous

Outstanding Shares: 15,050,000
Free Float: 14,537,000
Market Cap: $298.74 million
Optionable: Optionable
Beta: 2.59

Key Executives

Bradley J. Dodson
President, Chief Executive Officer & Director

Carolyn J. Stone
Chief Financial Officer, Treasurer & Senior VP

Allan D. Schoening
Senior Vice President-Canada

Peter L. McCann
Senior Vice President-Australia

Regan Nielsen
Senior Director-Development & Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CVEO Stock - Frequently Asked Questions

What is Civeo's stock price forecast for 2023?: 0 analysts have issued twelve-month price targets for Civeo's shares. Their CVEO share price forecasts range from $31.00 to $31.00. On average, they expect the company's stock price to reach $31.00 in the next year. This suggests a possible upside of 56.2% from the stock's current price.
View analysts price targets for CVEO or view top-rated stocks among Wall Street analysts.
How have CVEO shares performed in 2023?: Civeo's stock was trading at $31.10 on January 1st, 2023. Since then, CVEO stock has decreased by 36.2% and is now trading at $19.85.
View the best growth stocks for 2023 here.
Are investors shorting Civeo?: Civeo saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 168,500 shares, a decrease of 21.6% from the April 30th total of 214,900 shares. Based on an average daily trading volume, of 108,300 shares, the short-interest ratio is currently 1.6 days. Currently, 1.3% of the shares of the stock are sold short.
View Civeo's Short Interest.
When is Civeo's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our CVEO earnings forecast.
How were Civeo's earnings last quarter?: Civeo Co. (NYSE:CVEO) issued its quarterly earnings results on Tuesday, February, 28th. The business services provider reported ($0.98) EPS for the quarter, missing analysts' consensus estimates of ($0.62) by $0.36. The business services provider earned $162.19 million during the quarter, compared to analysts' expectations of $145.97 million. Civeo had a negative net margin of 0.54% and a positive trailing twelve-month return on equity of 0.26%.
When did Civeo's stock split?: Civeo's stock reverse split on the morning of Friday, November 20th 2020. The 1-12 reverse split was announced on Monday, November 9th 2020. The number of shares owned by shareholders was adjusted after the market closes on Thursday, November 19th 2020. An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split.
What guidance has Civeo issued on next quarter's earnings?: Civeo issued an update on its FY 2023 earnings guidance on Friday, April, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $630.00 million-$650.00 million, compared to the consensus revenue estimate of $645.51 million.
What is Bradley J. Dodson's approval rating as Civeo's CEO?: 15 employees have rated Civeo Chief Executive Officer Bradley J. Dodson on Glassdoor.com. Bradley J. Dodson has an approval rating of 75% among the company's employees.

What other stocks do shareholders of Civeo own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Civeo investors own include Novavax (NVAX), Co-Diagnostics (CODX), Livongo Health (LVGO), NVIDIA (NVDA), Alto Ingredients (PEIX), Sorrento Therapeutics (SRNE), Inovio Pharmaceuticals (INO), Maxar Technologies (MAXR), Marvell Technology (MRVL) and Boeing (BA).
What is Civeo's stock symbol?: Civeo trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVEO."
Who are Civeo's major shareholders?: Civeo's stock is owned by a variety of institutional and retail investors. Top institutional investors include Prescott Group Capital Management L.L.C. (5.58%), Renaissance Technologies LLC (4.08%), TCW Group Inc. (4.01%), Hudson Bay Capital Management LP (2.99%), Wellington Management Group LLP (2.59%) and Mad River Investors (2.27%). Insiders that own company stock include Allan Schoening, Bradley J Dodson, Constance B Moore, Lance Torgerson, Martin Lambert and Peter Mccann.
View institutional ownership trends.
How do I buy shares of Civeo?: Shares of CVEO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Civeo's stock price today?: One share of CVEO stock can currently be purchased for approximately $19.85.
How much money does Civeo make?: Civeo (NYSE:CVEO) has a market capitalization of $298.74 million and generates $697.05 million in revenue each year. The business services provider earns $4 million in net income (profit) each year or ($0.87) on an earnings per share basis.
How many employees does Civeo have?: The company employs 1,400 workers across the globe.
How can I contact Civeo?: Civeo's mailing address is THREE ALLEN CENTER 333 CLAY STREET SUITE 4980, HOUSTON TX, 77002. The official website for the company is www.civeo.com. The business services provider can be reached via phone at (713) 510-2400, via email at ir@civeo.com, or via fax at 713-510-2499.

This page (NYSE:CVEO) was last updated on 5/28/2023 by MarketBeat.com Staff

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