Civeo (NYSE:CVEO - Get Free Report) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Friday.
Civeo Price Performance
CVEO remained flat at $23.28 during trading on Friday. 39,280 shares of the company's stock traded hands, compared to its average volume of 52,309. The stock has a 50 day moving average price of $26.36 and a 200 day moving average price of $25.84. The stock has a market cap of $320.57 million, a price-to-earnings ratio of 16.63 and a beta of 2.06. Civeo has a fifty-two week low of $21.44 and a fifty-two week high of $28.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36.
Civeo (NYSE:CVEO - Get Free Report) last announced its earnings results on Wednesday, October 30th. The business services provider reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.38). Civeo had a return on equity of 0.11% and a net margin of 3.00%. The company had revenue of $176.34 million during the quarter, compared to the consensus estimate of $172.59 million. During the same period in the prior year, the business posted $0.61 earnings per share. Equities research analysts expect that Civeo will post -0.58 EPS for the current fiscal year.
Institutional Trading of Civeo
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Meros Investment Management LP purchased a new stake in shares of Civeo during the third quarter worth about $2,332,000. Acadian Asset Management LLC grew its holdings in Civeo by 58.1% during the 2nd quarter. Acadian Asset Management LLC now owns 226,334 shares of the business services provider's stock valued at $5,634,000 after buying an additional 83,145 shares in the last quarter. FMR LLC grew its holdings in Civeo by 3.4% during the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider's stock valued at $41,767,000 after buying an additional 50,400 shares in the last quarter. American Century Companies Inc. raised its position in shares of Civeo by 22.4% during the second quarter. American Century Companies Inc. now owns 254,998 shares of the business services provider's stock valued at $6,355,000 after buying an additional 46,633 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Civeo in the second quarter worth $930,000. 81.44% of the stock is owned by hedge funds and other 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.
Further Reading
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