Civeo Corporation (NYSE:CVEO - Get Free Report) CEO Bradley Dodson sold 23,288 shares of the firm'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 completion of the transaction, the chief executive officer owned 238,178 shares in the company, valued at $8,853,076.26. The trade was a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Civeo Trading Down 6.0%
Shares of CVEO stock opened at $34.84 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. Civeo Corporation has a fifty-two week low of $20.97 and a fifty-two week high of $38.06. The firm's 50 day moving average price is $32.40 and its two-hundred day moving average price is $31.16. The stock has a market cap of $360.13 million, a price-to-earnings ratio of -55.30 and a beta of 0.72.
Civeo (NYSE:CVEO - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $193.10 million during the quarter, compared to analyst estimates of $174.05 million. On average, analysts anticipate that Civeo Corporation will post -0.75 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Roth Capital initiated coverage on shares of Civeo in a research report on Thursday, October 1st. They set a "buy" rating and a $39.00 price target for the company. Raymond James Financial lowered Civeo from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 1st. Weiss Ratings upgraded Civeo from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday, August 31st. Stifel Nicolaus boosted their price objective on Civeo from $37.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Northland Securities began coverage on Civeo in a research report on Thursday, October 1st. They issued an "outperform" rating and a $42.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.50.
Get Our Latest Analysis on Civeo
Key Stories Impacting Civeo
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. Northland Securities also maintained an Outperform rating and a $42 target. Stifel Nicolaus recommendations
- Positive Sentiment: Some forecast revisions were favorable: Northland improved its FY2026 EPS estimate to a loss of $0.85 from $1.37, while Sidoti raised its Q2 and Q3 2027 estimates.
- Negative Sentiment: Analysts also made sizable cuts to several forecasts. Sidoti lowered its Q4 2026 estimate to a loss of $1.09 per share and Q1 2027 to a loss of $0.82; it reduced its FY2027 estimate from earnings of $0.09 to a loss of $0.48. Northland cut its Q4 2026 and Q1 2027 estimates as well, though it still forecasts FY2027 earnings.
- Negative Sentiment: CEO Bradley J. Dodson sold 23,288 shares for about $866,000, reducing his ownership by 8.91%. Insider sales can raise investor concerns, although the filing does not state the reason for the transaction. SEC Form 4 filing
Hedge Funds Weigh In On Civeo
A number of hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new position in shares of Civeo during the second quarter valued at approximately $217,000. OMERS ADMINISTRATION Corp acquired a new position in Civeo during the 1st quarter valued at about $217,000. Bank of New York Mellon Corp acquired a new position in shares of Civeo during the second quarter worth approximately $1,032,000. Sei Investments Co. boosted its position in Civeo by 104.2% during the 1st quarter. Sei Investments Co. now owns 71,487 shares of the business services provider's stock worth $1,892,000 after acquiring an additional 36,487 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Civeo by 12.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 126,478 shares of the business services provider's stock worth $3,347,000 after purchasing an additional 13,564 shares in the last quarter. Institutional investors and hedge funds own 81.44% of the company's stock.
Civeo Company Profile
(
Get Free Report)
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.
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