Royal Bank Of Canada set a $3.00 price target on Civeo Corporation (NYSE:CVEO) in a research note released on Sunday morning. The firm currently has a hold rating on the business services provider’s stock.
Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of Civeo Corporation from a hold rating to a buy rating in a report on Saturday, September 9th. ValuEngine upgraded shares of Civeo Corporation from a sell rating to a hold rating in a research note on Friday, September 1st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $4.17.
Shares of Civeo Corporation (NYSE CVEO) opened at 2.60 on Friday. The company’s market capitalization is $343.85 million. Civeo Corporation has a 12 month low of $1.06 and a 12 month high of $3.73. The company has a 50-day moving average of $2.40 and a 200 day moving average of $2.35.
Civeo Corporation (NYSE:CVEO) last announced its quarterly earnings results on Friday, July 28th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. The firm had revenue of $92.01 million for the quarter. Civeo Corporation had a negative net margin of 24.80% and a negative return on equity of 12.63%. Analysts forecast that Civeo Corporation will post ($0.52) EPS for the current year.
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Several large investors have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Civeo Corporation by 36.5% in the 1st quarter. FMR LLC now owns 17,246,446 shares of the business services provider’s stock valued at $51,567,000 after purchasing an additional 4,608,507 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Civeo Corporation by 12.2% in the 1st quarter. Renaissance Technologies LLC now owns 7,518,000 shares of the business services provider’s stock valued at $22,479,000 after purchasing an additional 817,000 shares in the last quarter. Prescott Group Capital Management L.L.C. boosted its stake in shares of Civeo Corporation by 0.7% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 5,696,550 shares of the business services provider’s stock valued at $11,963,000 after purchasing an additional 41,348 shares in the last quarter. Marathon Asset Management LP boosted its stake in shares of Civeo Corporation by 66.3% in the 1st quarter. Marathon Asset Management LP now owns 3,448,957 shares of the business services provider’s stock valued at $10,312,000 after purchasing an additional 1,375,000 shares in the last quarter. Finally, D.C. Capital Advisors Ltd boosted its stake in shares of Civeo Corporation by 7.1% in the 2nd quarter. D.C. Capital Advisors Ltd now owns 3,000,000 shares of the business services provider’s stock valued at $6,300,000 after purchasing an additional 200,000 shares in the last quarter. Institutional investors own 76.16% of the company’s stock.
Civeo Corporation 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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