Civeo Corp (NYSE:CVEO) SVP Peter Mccann sold 125,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $2.04, for a total transaction of $255,000.00. Following the completion of the sale, the senior vice president now directly owns 380,005 shares in the company, valued at $775,210.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Peter Mccann also recently made the following trade(s):

  • On Tuesday, March 5th, Peter Mccann sold 47,267 shares of Civeo stock. The shares were sold at an average price of $2.40, for a total transaction of $113,440.80.
  • On Wednesday, February 27th, Peter Mccann sold 38,392 shares of Civeo stock. The shares were sold at an average price of $2.71, for a total transaction of $104,042.32.
  • On Friday, February 22nd, Peter Mccann sold 7,709 shares of Civeo stock. The shares were sold at an average price of $2.60, for a total transaction of $20,043.40.
  • On Wednesday, February 13th, Peter Mccann sold 16,506 shares of Civeo stock. The shares were sold at an average price of $2.48, for a total transaction of $40,934.88.

Shares of CVEO stock traded down $0.04 during midday trading on Monday, hitting $2.05. 348,820 shares of the company were exchanged, compared to its average volume of 482,193. The company has a market capitalization of $347.19 million, a price-to-earnings ratio of -3.11 and a beta of 4.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.19 and a current ratio of 1.24. Civeo Corp has a 52 week low of $1.12 and a 52 week high of $4.64.

Civeo (NYSE:CVEO) last announced its earnings results on Tuesday, February 26th. The business services provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. Civeo had a negative net margin of 17.62% and a negative return on equity of 16.74%. Sell-side analysts forecast that Civeo Corp will post -0.23 EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of Civeo by 2.6% during the 3rd quarter. Renaissance Technologies LLC now owns 9,596,300 shares of the business services provider’s stock worth $39,825,000 after buying an additional 247,700 shares during the period. Prescott Group Capital Management L.L.C. lifted its holdings in shares of Civeo by 88.0% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 8,136,414 shares of the business services provider’s stock worth $11,635,000 after acquiring an additional 3,807,558 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Civeo by 3.0% during the 4th 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 during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Civeo by 11.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,884,651 shares of the business services provider’s stock worth $4,125,000 after acquiring an additional 299,296 shares during the period. Finally, 22NW LP lifted its holdings in shares of Civeo by 16.3% during the 4th quarter. 22NW LP now owns 1,056,574 shares of the business services provider’s stock worth $1,511,000 after acquiring an additional 147,852 shares during the period. 67.11% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on CVEO. Zacks Investment Research lowered shares of Civeo from a “hold” rating to a “strong sell” rating in a research note on Monday, March 4th. ValuEngine lowered shares of Civeo from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $4.50.

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Civeo Company Profile

Civeo Corporation offers workforce accommodation, logistics, and facility management services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; open camps; and mobile camps, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.

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