Civeo Stock Forecast, Price & News

Civeo's stock was trading at $0.7531 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CVEO stock has increased by 5.1% and is now trading at $0.7913.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Civeo in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
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Civeo Co. (NYSE:CVEO) released its quarterly earnings results on Wednesday, July, 29th. The business services provider reported $0.03 EPS for the quarter, topping the Zacks' consensus estimate of ($0.10) by $0.13. The business services provider earned $114.70 million during the quarter, compared to analysts' expectations of $92.40 million. Civeo had a negative return on equity of 0.23% and a negative net margin of 30.17%.
View Civeo's earnings history.

Civeo updated its FY 2020 Pre-Market earnings guidance on Wednesday, October, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $515-520 million, compared to the consensus revenue estimate of $483.8 million.

1 brokerages have issued 1 year price targets for Civeo's shares. Their forecasts range from $0.80 to $0.80. On average, they anticipate Civeo's stock price to reach $0.80 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price.
View analysts' price targets for Civeo.

Civeo saw a decrease in short interest in the month of September. As of September 30th, there was short interest totaling 348,900 shares, a decrease of 35.2% from the September 15th total of 538,700 shares. Based on an average daily volume of 796,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company's stock are sold short.
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Some companies that are related to Civeo include Corus Entertainment (CJREF), Playa Hotels & Resorts (PLYA), Manchester United (MANU), MSG Networks (MSGN), Marine Products (MPX), Clarus (CLAR), OneSpaWorld (OSW), China Online Education Group (COE), Duluth (DLTH), Container Store Group (TCS), SP Plus (SP), Tribune Publishing (TPCO), WideOpenWest (WOW), American Public Education (APEI) and Mastercraft Boat (MCFT).
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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), Pacific Ethanol (PEIX), Sorrento Therapeutics (SRNE), Inovio Pharmaceuticals (INO), Maxar Technologies (MAXR), Marvell Technology Group (MRVL) and The Boeing (BA).

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

Shares of CVEO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CVEO stock can currently be purchased for approximately $0.79.

Civeo has a market capitalization of $134.98 million and generates $527.55 million in revenue each year. The business services provider earns $-58,490,000.00 in net income (profit) each year or ($0.23) on an earnings per share basis. Civeo employs 2,450 workers across the globe.

The official website for Civeo is www.civeo.com.

Civeo's mailing address is THREE ALLEN CENTER 333 CLAY STREET SUITE 4980, HOUSTON TX, 77002. The business services provider can be reached via phone at 713-510-2400 or via email at [email protected]