Civeo (CVEO) Stock Forecast, Price & News

0 Wall Street research analysts have issued 1 year price targets for Civeo's stock. Their CVEO share price forecasts range from $31.00 to $31.00. On average, they anticipate the company's stock price to reach $31.00 in the next twelve months. This suggests a possible upside of 46.0% from the stock's current price.
View analysts price targets for CVEO or view top-rated stocks among Wall Street analysts.

Civeo's stock was trading at $31.10 at the beginning of the year. Since then, CVEO shares have decreased by 31.7% and is now trading at $21.23.
View the best growth stocks for 2023 here.

Civeo saw a decline in short interest in May. As of May 15th, there was short interest totaling 168,500 shares, a decline of 21.6% from the April 30th total of 214,900 shares. Based on an average daily trading volume, of 108,300 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our CVEO earnings forecast.

Civeo Co. (NYSE:CVEO) released its quarterly earnings results on Friday, April, 28th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by $0.16. The business services provider earned $167.59 million during the quarter, compared to analyst estimates of $157.04 million. Civeo had a positive trailing twelve-month return on equity of 0.26% and a negative net margin of 0.54%.

Shares of Civeo reverse split before market open on 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.

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.

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.

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).

Civeo trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVEO."

Civeo's stock is owned by a variety of retail and institutional 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.
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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.
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One share of CVEO stock can currently be purchased for approximately $21.23.

Civeo (NYSE:CVEO) has a market capitalization of $319.51 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.

The company employs 1,400 workers across the globe.

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.