Shares of Civeo Corp (NYSE:CVEO) have earned an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $3.67.
CVEO has been the topic of several research analyst reports. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Stifel Nicolaus reiterated a “buy” rating on shares of Canopy Growth in a research note on Wednesday, July 3rd. Finally, Royal Bank of Canada upped their price objective on Valener from C$22.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Thursday, March 28th.
Civeo stock traded down $0.04 during trading on Friday, hitting $1.63. The stock had a trading volume of 1,846 shares, compared to its average volume of 218,351. Civeo has a 1 year low of $1.12 and a 1 year high of $4.64. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.13. The company’s 50 day moving average price is $1.51. The firm has a market cap of $282.73 million, a PE ratio of -2.53 and a beta of 4.10.
Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Civeo by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,351,475 shares of the business services provider’s stock worth $7,652,000 after acquiring an additional 156,095 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Civeo by 105.8% during the first quarter. Moors & Cabot Inc. now owns 651,100 shares of the business services provider’s stock worth $1,354,000 after acquiring an additional 334,750 shares in the last quarter. Ancora Advisors LLC lifted its position in shares of Civeo by 69.9% during the fourth quarter. Ancora Advisors LLC now owns 704,183 shares of the business services provider’s stock worth $1,007,000 after acquiring an additional 289,765 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Civeo by 310,972.2% during the fourth quarter. Deutsche Bank AG now owns 603,480 shares of the business services provider’s stock worth $862,000 after acquiring an additional 603,286 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Civeo by 55.8% during the third quarter. Vanguard Group Inc. now owns 224,530 shares of the business services provider’s stock worth $932,000 after acquiring an additional 80,438 shares in the last quarter. Hedge funds and other institutional investors own 67.34% of the company’s stock.
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.
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