Civeo (CVEO) Stock Price, News & Analysis

Company Overview

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. It offers food, housekeeping, and maintenance services, as well as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security, and logistics services, and camp management services. In addition, the company provides development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management, and site construction services, as well as lodging and catering services. It serves oil, mining, engineering, and oilfield and mining service companies. Civeo Corporation was founded in 1977 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $23.85 to $24.45
• 50-Day Range: $24.32 to $28.49
• 52-Week Range: $21.44 to $28.92
• Volume: 75,089 shs
• Average Volume: 51,994 shs
• Market Capitalization: $329.65 million
• P/E Ratio: 17.10
• Dividend Yield: 4.18%
• Price Target: $32.00
• Consensus Rating: Buy

Civeo Stock Analysis - MarketRank™

Civeo scored higher than 81% of companies evaluated by MarketBeat, and ranked 84th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Civeo has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Civeo has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Civeo are expected to grow in the coming year, from ($0.58) to $0.40 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Civeo is 17.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of Civeo is 17.10, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.97.

Price to Book Value per Share Ratio

Civeo has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.72% of the float of Civeo has been sold short.

Short Interest Ratio / Days to Cover

Civeo has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Civeo has recently increased by 45.94%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Civeo is a leading dividend payer. It pays a dividend yield of 4.01%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Civeo does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Civeo is 71.43%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on EPS estimates, Civeo will have a dividend payout ratio of 250.00% in the coming year. This indicates that Civeo may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.72% of the float of Civeo has been sold short.

Short Interest Ratio / Days to Cover

Civeo has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Civeo has recently increased by 45.94%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.55

News Sentiment

Civeo has a news sentiment score of 1.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Civeo this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for CVEO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Civeo insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.30% of the stock of Civeo is held by insiders.

Percentage Held by Institutions

81.44% of the stock of Civeo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CVEO Stock Analysis - Frequently Asked Questions

How have CVEO shares performed this year?

Civeo's stock was trading at $22.85 on January 1st, 2024. Since then, CVEO shares have increased by 4.8% and is now trading at $23.94.
View the best growth stocks for 2024 here.

How were Civeo's earnings last quarter?

Civeo Co. (NYSE:CVEO) released its quarterly earnings data on Wednesday, October, 30th. The business services provider reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by $0.39. The business services provider earned $176.34 million during the quarter, compared to the consensus estimate of $172.59 million. Civeo had a net margin of 3.00% and a trailing twelve-month return on equity of 0.11%.

When did Civeo's stock split?

Civeo's stock reverse split on the morning of Friday, November 20th 2020. The 1-12 reverse split was announced on Monday, November 9th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, November 19th 2020. An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split.

Who are Civeo's major shareholders?

Civeo's top institutional shareholders include Horizon Kinetics Asset Management LLC (23.61%), FMR LLC (11.07%), TCW Group Inc. (5.44%) and Wellington Management Group LLP (2.49%). Insiders that own company stock include Lance Torgerson, Peter Mccann, Martin Lambert and Allan Schoening.
View institutional ownership trends.

How do I buy shares of Civeo?

Shares of CVEO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Civeo own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Civeo investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), General Electric (GE) and e.l.f. Beauty (ELF).

Company Calendar

• Ex-Dividend for 9/16 Dividend: 8/26/2024
• Dividend Payable: 9/16/2024
• Last Earnings: 10/30/2024
• Today: 11/21/2024
• Ex-Dividend for 12/16 Dividend: 11/25/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Hotels, rooming houses, camps, & other lodging places
• Sub-Industry: Restaurants, Hotels, Motels
• Current Symbol: NYSE:CVEO
• CUSIP: N/A
• CIK: 1590584
• Web: www.civeo.com
• Phone: (713) 510-2400
• Fax: 713-510-2499
• Employees: 1,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $32.00
• High Stock Price Target: $32.00
• Low Stock Price Target: $32.00
• Potential Upside/Downside: +33.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.40
• Trailing P/E Ratio: 17.10
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $30.16 million
• Net Margins: 3.00%
• Pretax Margin: 5.21%
• Return on Equity: 0.11%
• Return on Assets: 0.07%

Debt

• Debt-to-Equity Ratio: 0.18
• Current Ratio: 1.36
• Quick Ratio: 1.28

Sales & Book Value

• Annual Sales: $700.80 million
• Price / Sales: 0.47
• Cash Flow: $5.74 per share
• Price / Cash Flow: 4.17
• Book Value: $21.91 per share
• Price / Book: 1.09

Miscellaneous

• Outstanding Shares: 13,770,000
• Free Float: 13,181,000
• Market Cap: $329.65 million
• Optionable: Optionable
• Beta: 2.06