Civeo (NYSE:CVEO) Lifted to “Strong-Buy” at StockNews.com

Civeo (NYSE:CVEO) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Separately, Stifel Nicolaus upped their price target on Civeo from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th.

Civeo Stock Performance

Civeo stock opened at $24.69 on Wednesday. The stock has a market cap of $360.97 million, a PE ratio of 11.70 and a beta of 2.21. The company has a quick ratio of 1.74, a current ratio of 1.82 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $25.34 and its two-hundred day moving average price is $23.33. Civeo has a 12-month low of $17.98 and a 12-month high of $28.00.

Civeo (NYSE:CVEO) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.27) by $0.33. Civeo had a return on equity of 3.53% and a net margin of 4.49%. The firm had revenue of $170.80 million during the quarter, compared to the consensus estimate of $151.12 million. As a group, analysts expect that Civeo will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Civeo news, SVP Peter Mccann sold 5,220 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $23.75, for a total value of $123,975.00. Following the completion of the sale, the senior vice president now owns 45,395 shares of the company’s stock, valued at $1,078,131.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Quent Capital LLC bought a new position in shares of Civeo in the first quarter valued at approximately $98,000. Hillsdale Investment Management Inc. bought a new stake in shares of Civeo in the 4th quarter worth approximately $146,000. Jump Financial LLC purchased a new position in Civeo in the fourth quarter valued at approximately $201,000. Meixler Investment Management Ltd. bought a new stake in shares of Civeo in the first quarter valued at $220,000. Finally, Sapient Capital LLC purchased a new stake in Civeo in the 4th quarter worth about $398,000. Institutional investors own 81.44% of the company’s stock.

Civeo Company Profile

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.