Sidoti Csr Estimates Civeo’s Q1 Earnings (NYSE:CVEO)

Civeo Corporation (NYSE:CVEO) – Analysts at Sidoti Csr issued their Q1 2027 EPS estimates for Civeo in a research note issued to investors on Tuesday, February 3rd. Sidoti Csr analyst S. Ferazani anticipates that the business services provider will earn ($0.36) per share for the quarter. The consensus estimate for Civeo’s current full-year earnings is ($0.58) per share. Sidoti Csr also issued estimates for Civeo’s Q2 2027 earnings at $0.43 EPS, Q3 2027 earnings at $0.42 EPS and Q4 2027 earnings at $0.01 EPS.

Several other brokerages also recently commented on CVEO. Zacks Research upgraded Civeo from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Civeo in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Civeo from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.00.

Civeo Trading Up 1.5%

Shares of CVEO opened at $26.22 on Wednesday. Civeo has a 12 month low of $18.01 and a 12 month high of $27.55. The stock’s 50-day moving average is $23.70 and its two-hundred day moving average is $23.04. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.64 and a quick ratio of 1.57. The stock has a market cap of $302.05 million, a PE ratio of -12.43, a P/E/G ratio of 29.79 and a beta of 0.63.

Hedge Funds Weigh In On Civeo

Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its stake in shares of Civeo by 217.7% in the third quarter. Millennium Management LLC now owns 128,810 shares of the business services provider’s stock worth $2,963,000 after buying an additional 88,267 shares during the last quarter. GSA Capital Partners LLP bought a new position in Civeo during the 3rd quarter valued at $1,045,000. CenterBook Partners LP acquired a new position in Civeo during the 3rd quarter worth $930,000. American Century Companies Inc. increased its position in shares of Civeo by 7.4% in the 2nd quarter. American Century Companies Inc. now owns 470,826 shares of the business services provider’s stock worth $10,871,000 after purchasing an additional 32,452 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new stake in shares of Civeo in the 2nd quarter worth about $748,000. 81.44% of the stock is currently owned by hedge funds and other institutional investors.

About Civeo

Civeo Corporation is a leading provider of workforce accommodations and integrated facility management services, primarily serving the oil and gas, mining, and construction sectors. The company specializes in the development, ownership, and operation of remote lodging facilities, commonly known as “man camps,” designed to house workers in geographically challenging environments. Its services include turnkey accommodations, catering, housekeeping, grounds maintenance, and logistical support, tailored to meet the needs of large-scale energy and resource projects.

With a network of lodges and villages across North America and Australia, Civeo caters to clients operating in regions such as Alberta’s oil sands, the Bakken shale play, and Australia’s Pilbara and Bowen Basin mining districts.