Civeo (NYSE:CVEO) Lowered to "Buy" Rating by StockNews.com

Civeo (NYSE:CVEO - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Friday.

Separately, Stifel Nicolaus reaffirmed a "buy" rating and set a $32.00 price target (up previously from $31.00) on shares of Civeo in a report on Wednesday, July 31st.

Civeo Stock Performance

CVEO stock traded down $0.17 during trading on Friday, hitting $25.48. 75,155 shares of the company's stock traded hands, compared to its average volume of 51,243. The stock has a market capitalization of $366.17 million, a price-to-earnings ratio of 18.20 and a beta of 2.04. Civeo has a 52 week low of $20.58 and a 52 week high of $28.92. The stock has a fifty day moving average price of $27.65 and a two-hundred day moving average price of $25.86. The company has a quick ratio of 1.46, a current ratio of 1.36 and a debt-to-equity ratio of 0.18.

Civeo (NYSE:CVEO - Get Free Report) last posted its earnings results on Tuesday, July 30th. The business services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.21 by $0.35. The company had revenue of $188.71 million during the quarter, compared to analyst estimates of $173.70 million. Civeo had a return on equity of 0.11% and a net margin of 3.00%. During the same period in the prior year, the company earned $0.30 earnings per share. As a group, equities analysts anticipate that Civeo will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Civeo news, SVP Allan Schoening sold 5,000 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.50, for a total transaction of $137,500.00. Following the completion of the sale, the senior vice president now directly owns 16,146 shares of the company's stock, valued at approximately $444,015. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On Civeo

A number of institutional investors have recently bought and sold shares of CVEO. Janney Montgomery Scott LLC lifted its position in Civeo by 8.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,119 shares of the business services provider's stock worth $567,000 after buying an additional 1,729 shares in the last quarter. Quent Capital LLC acquired a new stake in Civeo during the first quarter valued at $98,000. Empowered Funds LLC grew its stake in Civeo by 8.1% in the first quarter. Empowered Funds LLC now owns 84,559 shares of the business services provider's stock valued at $2,270,000 after purchasing an additional 6,300 shares in the last quarter. Meixler Investment Management Ltd. acquired a new position in Civeo in the 1st quarter worth about $220,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Civeo by 242.5% during the 1st quarter. Acadian Asset Management LLC now owns 143,189 shares of the business services provider's stock valued at $3,837,000 after buying an additional 101,378 shares during the last quarter. 81.44% of the stock is currently owned by institutional investors and hedge funds.

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.

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