Shares of Civeo Corp (NYSE:CVEO) were down 6.6% during mid-day trading on Monday . The stock traded as low as $1.10 and last traded at $1.14, approximately 681,096 shares changed hands during trading. An increase of 115% from the average daily volume of 317,445 shares. The stock had previously closed at $1.22.

Several equities analysts have recently issued reports on CVEO shares. ValuEngine upgraded shares of Civeo from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Civeo from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Stifel Nicolaus set a $4.00 target price on shares of Civeo and gave the company a “buy” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Civeo has a consensus rating of “Buy” and a consensus target price of $3.67.

The company’s fifty day moving average price is $1.33 and its 200-day moving average price is $1.64. The stock has a market capitalization of $178.62 million, a PE ratio of -1.64 and a beta of 4.04. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.85.

Civeo (NYSE:CVEO) last released its earnings results on Monday, July 29th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. Civeo had a negative net margin of 12.64% and a negative return on equity of 11.21%. The firm had revenue of $122.15 million during the quarter, compared to analyst estimates of $117.40 million. Equities research analysts anticipate that Civeo Corp will post -0.23 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in CVEO. Dimensional Fund Advisors LP increased 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 valued at $7,652,000 after acquiring an additional 156,095 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Civeo during the second quarter valued at approximately $34,000. Brave Asset Management Inc. bought a new stake in shares of Civeo during the second quarter valued at approximately $34,000. Moors & Cabot Inc. increased its position in shares of Civeo by 12.8% during the second quarter. Moors & Cabot Inc. now owns 367,350 shares of the business services provider’s stock valued at $633,000 after acquiring an additional 41,800 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Civeo by 148.7% during the second quarter. Envestnet Asset Management Inc. now owns 74,777 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 44,715 shares in the last quarter. Hedge funds and other institutional investors own 66.07% of the company’s stock.

Civeo Company Profile (NYSE:CVEO)

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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