Civeo Co. (NYSE:CVEO - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $23.14 and traded as high as $23.80. Civeo shares last traded at $23.61, with a volume of 731,515 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Civeo from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 29th.
View Our Latest Stock Report on CVEO
Civeo Stock Performance
The company has a market cap of $339.50 million, a P/E ratio of 17.61 and a beta of 2.00. The stock's 50-day moving average price is $23.18 and its 200-day moving average price is $25.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28.
Civeo Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 4.06%. Civeo's dividend payout ratio is presently 71.43%.
Institutional Investors Weigh In On Civeo
Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Civeo in the 3rd quarter valued at about $68,000. SG Americas Securities LLC increased its stake in Civeo by 42.4% in the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock valued at $149,000 after acquiring an additional 1,950 shares during the last quarter. State Street Corp acquired a new position in Civeo during the third quarter valued at approximately $222,000. XTX Topco Ltd bought a new stake in Civeo during the third quarter worth $231,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Civeo in the 3rd quarter valued at $298,000. 81.44% of the stock is currently owned by institutional investors.
Civeo Company Profile
(
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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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