Civeo Corporation (CVEO) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Civeo Corporation (NYSE:CVEO) from a hold rating to a buy rating in a research note published on Saturday, September 9th.

Several other analysts also recently issued reports on CVEO. Royal Bank Of Canada set a $4.00 price target on Civeo Corporation and gave the company a hold rating in a report on Saturday, June 24th. ValuEngine raised shares of Civeo Corporation from a strong sell rating to a sell rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $3.69.

Civeo Corporation (NYSE:CVEO) traded up 2.37% on Friday, hitting $2.59. The stock had a trading volume of 775,023 shares. Civeo Corporation has a 12 month low of $1.00 and a 12 month high of $3.73. The company’s 50 day moving average is $1.96 and its 200-day moving average is $2.40. The stock’s market cap is $342.52 million.

Civeo Corporation (NYSE:CVEO) last released its quarterly earnings data on Friday, July 28th. The business services provider reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Civeo Corporation had a negative return on equity of 12.63% and a negative net margin of 24.80%. The business had revenue of $92.01 million during the quarter. Analysts forecast that Civeo Corporation will post ($0.52) EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.truebluetribune.com/2017/09/17/civeo-corporation-cveo-upgraded-by-bidaskclub-to-buy.html.

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of Civeo Corporation by 36.9% during the second quarter. Goldman Sachs Group Inc. now owns 195,752 shares of the business services provider’s stock worth $411,000 after purchasing an additional 52,742 shares during the last quarter. OxFORD Asset Management LLP lifted its position in shares of Civeo Corporation by 14.8% during the second quarter. OxFORD Asset Management LLP now owns 254,595 shares of the business services provider’s stock worth $535,000 after purchasing an additional 32,760 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Civeo Corporation by 37.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,235,066 shares of the business services provider’s stock worth $4,694,000 after purchasing an additional 604,605 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Civeo Corporation by 15.2% during the second quarter. Parametric Portfolio Associates LLC now owns 263,312 shares of the business services provider’s stock worth $553,000 after purchasing an additional 34,819 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of Civeo Corporation by 3.8% during the second quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock worth $141,000 after purchasing an additional 2,445 shares during the last quarter. 76.16% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Ratings for Civeo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civeo Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply