Shares of Civeo Corporation (NYSE:CVEO) traded down 5.3% during mid-day trading on Monday . The stock traded as low as $1.94 and last traded at $1.95. 904,800 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 958,033 shares. The stock had previously closed at $2.06.

Several analysts have recently issued reports on the stock. BidaskClub raised shares of Civeo Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. ValuEngine raised shares of Civeo Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $3.00 price target on shares of Civeo Corporation in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $4.17.

The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.58.

A number of institutional investors have recently bought and sold shares of CVEO. Alps Advisors Inc. increased its holdings in Civeo Corporation by 37.6% during the 2nd quarter. Alps Advisors Inc. now owns 62,857 shares of the business services provider’s stock worth $132,000 after acquiring an additional 17,186 shares during the period. M&T Bank Corp increased its holdings in Civeo Corporation by 3.8% during the 2nd quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock worth $141,000 after acquiring an additional 2,445 shares during the period. Alpine Woods Capital Investors LLC bought a new stake in Civeo Corporation during the 3rd quarter worth approximately $171,000. Wells Fargo & Company MN increased its holdings in Civeo Corporation by 116.7% during the 2nd quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock worth $189,000 after acquiring an additional 48,529 shares during the period. Finally, Carleon Capital Partners LLC increased its holdings in Civeo Corporation by 32.7% during the 2nd quarter. Carleon Capital Partners LLC now owns 138,815 shares of the business services provider’s stock worth $293,000 after acquiring an additional 34,200 shares during the period. 76.35% of the stock is currently owned by institutional investors and hedge funds.

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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.

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