Lance Torgerson Sells 5,420 Shares of Civeo Co. (NYSE:CVEO) Stock

Civeo Co. (NYSE:CVEO) major shareholder Lance Torgerson sold 5,420 shares of the firm’s stock in a transaction on Monday, October 11th. The shares were sold at an average price of $22.00, for a total value of $119,240.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Lance Torgerson also recently made the following trade(s):

  • On Wednesday, October 13th, Lance Torgerson sold 5,858 shares of Civeo stock. The shares were sold at an average price of $22.11, for a total value of $129,520.38.
  • On Friday, October 8th, Lance Torgerson sold 5,202 shares of Civeo stock. The shares were sold at an average price of $21.46, for a total value of $111,634.92.
  • On Wednesday, October 6th, Lance Torgerson sold 5,125 shares of Civeo stock. The shares were sold at an average price of $21.38, for a total value of $109,572.50.
  • On Monday, October 4th, Lance Torgerson sold 4,748 shares of Civeo stock. The shares were sold at an average price of $22.17, for a total value of $105,263.16.
  • On Friday, October 1st, Lance Torgerson sold 4,962 shares of Civeo stock. The shares were sold at an average price of $22.49, for a total value of $111,595.38.
  • On Wednesday, September 29th, Lance Torgerson sold 5,690 shares of Civeo stock. The shares were sold at an average price of $22.89, for a total value of $130,244.10.
  • On Monday, September 27th, Lance Torgerson sold 5,542 shares of Civeo stock. The shares were sold at an average price of $23.68, for a total value of $131,234.56.
  • On Friday, September 24th, Lance Torgerson sold 5,323 shares of Civeo stock. The shares were sold at an average price of $23.39, for a total value of $124,504.97.
  • On Wednesday, September 22nd, Lance Torgerson sold 5,605 shares of Civeo stock. The stock was sold at an average price of $22.64, for a total value of $126,897.20.
  • On Monday, September 20th, Lance Torgerson sold 5,494 shares of Civeo stock. The stock was sold at an average price of $21.60, for a total value of $118,670.40.

Shares of NYSE CVEO opened at $22.29 on Thursday. Civeo Co. has a 52 week low of $7.20 and a 52 week high of $25.28. The business has a 50-day simple moving average of $22.32 and a two-hundred day simple moving average of $19.28. The company has a quick ratio of 1.04, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The company has a market cap of $319.10 million, a P/E ratio of -42.07 and a beta of 3.88.

Civeo (NYSE:CVEO) last issued its earnings results on Thursday, July 29th. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.69. The business had revenue of $154.18 million during the quarter, compared to the consensus estimate of $136.55 million. Civeo had a positive return on equity of 0.66% and a negative net margin of 0.77%. Equities research analysts anticipate that Civeo Co. will post -0.45 EPS for the current year.

Several equities research analysts recently weighed in on the company. TheStreet raised Civeo from a “d+” rating to a “c-” rating in a report on Monday, August 2nd. Zacks Investment Research lowered Civeo from a “strong-buy” rating to a “hold” rating in a report on Monday, September 27th.

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in Civeo by 812.7% in the 2nd quarter. Bank of America Corp DE now owns 1,515 shares of the business services provider’s stock worth $27,000 after buying an additional 1,349 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Civeo by 42.5% in the 1st quarter. JPMorgan Chase & Co. now owns 6,304 shares of the business services provider’s stock worth $97,000 after purchasing an additional 1,880 shares during the period. Adalta Capital Management LLC purchased a new position in Civeo in the 1st quarter worth approximately $153,000. Diametric Capital LP purchased a new position in Civeo in the 2nd quarter worth approximately $608,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Civeo by 117.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 40,525 shares of the business services provider’s stock worth $620,000 after purchasing an additional 21,894 shares during the period. Institutional investors own 60.39% of the company’s stock.

Civeo Company Profile

Civeo Corp. engages in the provision of workforce accommodations, logistics and facility management services to the natural resource industry. It operates through the following business segments: Canada, Australia, and U.S. The Canada segment provides accommodation services through lodges, open camps and mobile assets, which supports workforces from oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications, as well as disaster relief efforts.

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Insider Buying and Selling by Quarter for Civeo (NYSE:CVEO)

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