Civeo Co. (NYSE:CVEO) Short Interest Down 21.7% in November

Civeo Co. (NYSE:CVEO - Get Free Report) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 70,400 shares, a drop of 21.7% from the October 31st total of 89,900 shares. Approximately 0.6% of the company's shares are short sold. Based on an average daily trading volume, of 53,600 shares, the short-interest ratio is presently 1.3 days.

Civeo Stock Performance

NYSE:CVEO traded up $0.10 during mid-day trading on Friday, hitting $23.38. The stock had a trading volume of 39,280 shares, compared to its average volume of 52,309. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $26.36 and a 200-day simple moving average of $25.84. The stock has a market capitalization of $322.01 million, a price-to-earnings ratio of 16.70 and a beta of 2.06. Civeo has a 52 week low of $21.44 and a 52 week high of $28.92.

Civeo (NYSE:CVEO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.38). The firm had revenue of $176.34 million during the quarter, compared to analyst estimates of $172.59 million. Civeo had a net margin of 3.00% and a return on equity of 0.11%. During the same quarter last year, the company earned $0.61 EPS. On average, research analysts expect that Civeo will post -0.58 earnings per share for the current fiscal year.

Civeo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Monday, November 25th. Civeo's dividend payout ratio (DPR) is presently 71.43%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Civeo from a "buy" rating to a "strong-buy" rating in a research report on Friday.

Institutional Investors Weigh In On Civeo

Hedge funds have recently modified their holdings of the stock. Raymond James & Associates grew its position in Civeo by 0.8% in the second quarter. Raymond James & Associates now owns 67,555 shares of the business services provider's stock worth $1,683,000 after acquiring an additional 561 shares in the last quarter. Quantbot Technologies LP acquired a new position in Civeo during the third quarter worth $68,000. Lazard Asset Management LLC increased its holdings in Civeo by 42.6% during the 1st quarter. Lazard Asset Management LLC now owns 10,773 shares of the business services provider's stock valued at $289,000 after purchasing an additional 3,220 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Civeo during the third quarter valued at approximately $100,000. Finally, Empowered Funds LLC boosted its holdings in Civeo by 5.3% in the third quarter. Empowered Funds LLC now owns 95,863 shares of the business services provider's stock valued at $2,627,000 after acquiring an additional 4,824 shares during the last quarter. 81.44% of the stock is owned by hedge funds and other 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.