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 Corporation: Bulls Need a Reality Check (finance.yahoo.com)
- Dao video a ‘watershed moment’ for United, embattled CEO says – ABC News (abcnews.go.com)
- Civeo Announces First Quarter 2017 Earnings Conference Call (finance.yahoo.com)
- Civeo (CVEO) Earning Positive News Coverage, Analysis Finds (americanbankingnews.com)
- Somewhat Positive Media Coverage Very Likely to Effect Civeo (CVEO) Share Price (americanbankingnews.com)
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.
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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.
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