Civeo Co. (NYSE:CVEO - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $23.50 and traded as high as $24.07. Civeo shares last traded at $23.94, with a volume of 54,150 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Civeo from a "strong-buy" rating to a "buy" rating in a research note on Sunday, December 29th.
Check Out Our Latest Analysis on Civeo
Civeo Stock Down 0.6 %
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 stock has a market capitalization of $326.07 million, a PE ratio of 16.91 and a beta of 2.03. The stock's fifty day simple moving average is $23.47 and its 200-day simple moving average is $25.52.
Civeo (NYSE:CVEO - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $172.59 million. Civeo had a return on equity of 0.11% and a net margin of 3.00%. During the same quarter last year, the firm posted $0.61 earnings per share. As a group, sell-side analysts forecast that Civeo Co. will post -0.58 EPS for the current fiscal year.
Civeo Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 4.22%. Civeo's dividend payout ratio (DPR) is currently 71.43%.
Institutional Investors Weigh In On Civeo
Several large investors have recently made changes to their positions in the business. Meros Investment Management LP purchased a new stake in shares of Civeo during the 3rd quarter worth approximately $2,332,000. XTX Topco Ltd bought a new stake in shares of Civeo in the third quarter valued at $231,000. State Street Corp purchased a new position in shares of Civeo during the 3rd quarter valued at $222,000. Quantbot Technologies LP bought a new position in shares of Civeo during the 3rd quarter worth $68,000. Finally, FMR LLC increased its holdings in Civeo by 3.4% in the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider's stock worth $41,767,000 after acquiring an additional 50,400 shares during the last quarter. 81.44% of the stock is owned by hedge funds and other institutional investors.
About Civeo
(
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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.
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