Civeo (NYSE:CVEO) Stock: Insider Bradley Dodson Sells 23,288 Shares

Civeo Corporation (NYSE:CVEO) CEO Bradley Dodson sold 23,288 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $37.17, for a total transaction of $865,614.96. Following the sale, the chief executive officer directly owned 238,178 shares of the company’s stock, valued at approximately $8,853,076.26. This represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Civeo Price Performance

Shares of Civeo stock opened at $32.84 on Friday. Civeo Corporation has a one year low of $20.97 and a one year high of $38.06. The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The stock’s fifty day moving average is $32.39 and its 200 day moving average is $31.20.

Civeo (NYSE:CVEO) last announced its quarterly earnings data on Thursday, October 29th. The business services provider reported $0.50 EPS for the quarter, beating the consensus estimate of ($0.27) by $0.77. Civeo had a negative net margin of 1.08% and a negative return on equity of 4.77%. The firm had revenue of $193.10 million for the quarter, compared to the consensus estimate of $174.05 million. On average, equities research analysts forecast that Civeo Corporation will post -0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Civeo

Hedge funds and other institutional investors have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp acquired a new position in Civeo during the 1st quarter valued at approximately $217,000. Engineers Gate Manager LP acquired a new position in shares of Civeo in the 2nd quarter valued at about $217,000. Bank of New York Mellon Corp acquired a new stake in shares of Civeo during the 2nd quarter worth approximately $1,032,000. Sei Investments Co. increased its stake in shares of Civeo by 104.2% in the 1st quarter. Sei Investments Co. now owns 71,487 shares of the business services provider’s stock valued at $1,892,000 after purchasing an additional 36,487 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Civeo by 12.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 126,478 shares of the business services provider’s stock valued at $3,347,000 after buying an additional 13,564 shares in the last quarter. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Analysts Set New Price Targets

CVEO has been the subject of a number of recent research reports. Raymond James Financial cut shares of Civeo from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 1st. Roth Capital initiated coverage on shares of Civeo in a research note on Thursday, October 1st. They issued a “buy” rating and a $39.00 target price on the stock. Weiss Ratings upgraded Civeo from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 31st. Northland Securities started coverage on shares of Civeo in a research note on Thursday, October 1st. They set an “outperform” rating and a $42.00 target price for the company. Finally, Stifel Nicolaus boosted their price objective on shares of Civeo from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Civeo has a consensus rating of “Moderate Buy” and an average price target of $43.50.

Civeo News Summary

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Stifel Nicolaus raised its price target to $42 from $37 and reiterated a Buy rating, signaling improved upside expectations. Stifel price-target article
• Positive Sentiment: Some estimate revisions were favorable: Northland raised its FY2026 forecast to a loss of $0.85 per share from $1.37, and Sidoti increased its Q2 and Q3 2027 estimates.
• Neutral Sentiment: Sidoti also issued an FY2028 earnings forecast, though the available report details do not specify the estimate. Sidoti FY2028 forecast article
• Negative Sentiment: Analysts cut several near-term and 2027 forecasts. Sidoti lowered its Q4 2026 estimate to a $1.09-per-share loss and its FY2027 outlook from $0.09 earnings to a $0.48 loss. Northland also reduced estimates for Q4 2026, Q1 2027, and FY2027, although it retained an Outperform rating and $42 target. Northland estimate article
• Negative Sentiment: CEO Bradley Dodson sold 23,288 shares for approximately $866,000, an 8.91% reduction in his direct holdings. The filing does not disclose the reason for the sale. SEC Form 4 filing

Civeo Company Profile

Civeo Corporation is a provider of workforce accommodations and related services for the natural resources and other industries that operate in remote locations. The company develops, owns and operates workforce villages, lodges and other lodging facilities designed to house employees and contractors near work sites.

Civeo’s services include room accommodations, food services, housekeeping, facility management, logistics and transportation support. Its facilities are used by customers in sectors such as oil and gas, mining, and infrastructure development, where temporary or long-term workforce housing is needed.

Headquartered in Houston, Texas, Civeo serves customers primarily in Canada, Australia and the United States.