Somewhat Favorable Media Coverage Likely to Impact Civeo (CVEO) Share Price

News headlines about Civeo (NYSE:CVEO) have trended somewhat positive recently, according to Alpha One. Alpha One, a service of Accern, rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Civeo earned a daily sentiment score of 0.11 on Alpha One’s scale. Alpha One also assigned media stories about the business services provider an impact score of 73 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have effected AlphaOne’s scoring:

Civeo (NYSE:CVEO) traded down 2.16% during midday trading on Friday, reaching $3.17. The company had a trading volume of 1,089,298 shares. Civeo has a 1-year low of $1.00 and a 1-year high of $3.73. The stock’s market capitalization is $415.80 million. The firm’s 50 day moving average is $2.99 and its 200 day moving average is $2.40.

Civeo (NYSE:CVEO) last announced its earnings results on Thursday, February 23rd. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.01. Civeo had a negative net margin of 22.56% and a negative return on equity of 10.02%. The firm had revenue of $90.90 million for the quarter, compared to analyst estimates of $97.30 million. On average, equities analysts anticipate that Civeo will post ($0.50) EPS for the current fiscal year.

A number of equities research analysts have recently commented on CVEO shares. Craig Hallum started coverage on Civeo in a research report on Wednesday, March 22nd. They set a “buy” rating and a $5.00 target price on the stock. Scotiabank reiterated a “buy” rating and issued a $4.50 price objective on shares of Civeo in a report on Wednesday, March 22nd. Finally, Royal Bank of Canada initiated coverage on Civeo in a report on Friday, April 7th. They issued a “sector perform” rating and a $3.50 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $3.65.

COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Media Coverage Likely to Impact Civeo (CVEO) Share Price” was published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/04/21/somewhat-favorable-media-coverage-likely-to-impact-civeo-cveo-share-price.html.

Civeo Company Profile

Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.

5 Day Chart for NYSE:CVEO

Receive News & Ratings for Civeo Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civeo Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply