Civeo Co. (NYSE:CVEO) Short Interest Up 45.9% in October

Civeo Co. (NYSE:CVEO - Get Free Report) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 89,900 shares, an increase of 45.9% from the October 15th total of 61,600 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 52,400 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus reissued a "buy" rating and set a $32.00 price target (up from $31.00) on shares of Civeo in a report on Wednesday, July 31st. StockNews.com cut Civeo from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st.

Institutional Investors Weigh In On Civeo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Civeo in the 3rd quarter valued at about $68,000. Quent Capital LLC bought a new stake in shares of Civeo in the 3rd quarter valued at about $100,000. SG Americas Securities LLC bought a new stake in shares of Civeo in the 2nd quarter valued at about $128,000. State Street Corp bought a new stake in shares of Civeo in the 3rd quarter valued at about $222,000. Finally, XTX Topco Ltd bought a new stake in shares of Civeo in the 3rd quarter valued at about $231,000. Institutional investors own 81.44% of the company's stock.

Civeo Price Performance

Shares of CVEO traded down $0.55 during midday trading on Friday, hitting $24.93. The company's stock had a trading volume of 47,075 shares, compared to its average volume of 51,748. Civeo has a one year low of $21.44 and a one year high of $28.92. The company's fifty day simple moving average is $27.17 and its two-hundred day simple moving average is $25.88. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $343.29 million, a price-to-earnings ratio of 17.81 and a beta of 2.06.

Civeo (NYSE:CVEO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.38). Civeo had a net margin of 3.00% and a return on equity of 0.11%. The business had revenue of $176.34 million during the quarter, compared to the consensus estimate of $172.59 million. During the same quarter in the previous year, the business posted $0.61 EPS. As a group, equities analysts expect that Civeo will post -0.58 earnings per share for the current fiscal year.

Civeo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 4.01%. Civeo's dividend payout ratio is currently 71.43%.

About Civeo

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.