Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Civeo (CVEO) Share Price
Press coverage about Civeo (NYSE:CVEO) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Civeo earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 44.8399135000714 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Ex-Kit Digital CEO, associate convicted in US of fraud schemes – Reuters (reuters.com)
- Tech Moves: Pioneer Square Labs adds former Faraday Future exec; Smartlabs CEO joins Panopto board; and more – GeekWire (geekwire.com)
- SHAREHOLDER ALERT: Monteverde & Associates PC Launches An Investigation of the Board of Directors and Officers of Civeo Corporation – CVEO (prnewswire.com)
- Civeo (CVEO) PT Set at $3.00 by Royal Bank of Canada (americanbankingnews.com)
A number of equities research analysts recently weighed in on the company. BidaskClub upgraded Civeo from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th. Royal Bank of Canada set a $3.00 price objective on Civeo and gave the stock a “hold” rating in a research note on Sunday, October 8th. Finally, ValuEngine upgraded Civeo from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $4.17.
Civeo (CVEO) opened at $2.64 on Friday. Civeo has a 1 year low of $1.57 and a 1 year high of $3.73. The stock has a market capitalization of $321.39, a PE ratio of -4.33 and a beta of 4.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.02 and a current ratio of 2.09.
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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