BidaskClub Downgrades Civeo Corporation (CVEO) to Buy

Civeo Corporation (NYSE:CVEO) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

CVEO has been the subject of several other research reports. ValuEngine upgraded Civeo Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “hold” rating and issued a $3.00 target price on shares of Civeo Corporation in a report on Friday, September 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Civeo Corporation presently has a consensus rating of “Buy” and an average target price of $4.17.

Shares of Civeo Corporation (NYSE CVEO) opened at 2.46 on Friday. Civeo Corporation has a 12 month low of $1.08 and a 12 month high of $3.73. The company’s market cap is $325.33 million. The firm has a 50-day moving average price of $2.49 and a 200 day moving average price of $2.35.

Civeo Corporation (NYSE:CVEO) last released its quarterly earnings results on Friday, July 28th. The business services provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $92.01 million during the quarter. Civeo Corporation had a negative return on equity of 12.63% and a negative net margin of 24.80%. Equities analysts predict that Civeo Corporation will post ($0.52) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “BidaskClub Downgrades Civeo Corporation (CVEO) to Buy” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/15/bidaskclub-downgrades-civeo-corporation-cveo-to-buy.html.

Institutional investors have recently made changes to their positions in the company. Lucus Advisors LLC purchased a new position in shares of Civeo Corporation in the 1st quarter worth approximately $209,000. William Blair Investment Management LLC boosted its holdings in shares of Civeo Corporation by 10.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,132,409 shares of the business services provider’s stock worth $2,378,000 after purchasing an additional 107,288 shares during the period. Boston Partners boosted its holdings in shares of Civeo Corporation by 81.3% in the 2nd quarter. Boston Partners now owns 1,818,011 shares of the business services provider’s stock worth $3,818,000 after purchasing an additional 815,088 shares during the period. Marathon Asset Management LP boosted its holdings in shares of Civeo Corporation by 66.3% in the 1st quarter. Marathon Asset Management LP now owns 3,448,957 shares of the business services provider’s stock worth $10,312,000 after purchasing an additional 1,375,000 shares during the period. Finally, KCG Holdings Inc. boosted its holdings in shares of Civeo Corporation by 76.4% in the 1st quarter. KCG Holdings Inc. now owns 112,757 shares of the business services provider’s stock worth $337,000 after purchasing an a

CVEO has been the subject of several other research reports. ValuEngine upgraded Civeo Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “hold” rating and issued a $3.00 target price on shares of Civeo Corporation in a report on Friday, September 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Civeo Corporation presently has a consensus rating of “Buy” and an average target price of $4.17.

Shares of Civeo Corporation (NYSE CVEO) opened at 2.46 on Friday. Civeo Corporation has a 12 month low of $1.08 and a 12 month high of $3.73. The company’s market cap is $325.33 million. The firm has a 50-day moving average price of $2.49 and a 200 day moving average price of $2.35.

Civeo Corporation (NYSE:CVEO) last released its quarterly earnings results on Friday, July 28th. The business services provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $92.01 million during the quarter. Civeo Corporation had a negative return on equity of 12.63% and a negative net margin of 24.80%. Equities analysts predict that Civeo Corporation will post ($0.52) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “BidaskClub Downgrades Civeo Corporation (CVEO) to Buy” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/15/bidaskclub-downgrades-civeo-corporation-cveo-to-buy.html.

Institutional investors have recently made changes to their positions in the company. Lucus Advisors LLC purchased a new position in shares of Civeo Corporation in the 1st quarter worth approximately $209,000. William Blair Investment Management LLC boosted its holdings in shares of Civeo Corporation by 10.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,132,409 shares of the business services provider’s stock worth $2,378,000 after purchasing an additional 107,288 shares during the period. Boston Partners boosted its holdings in shares of Civeo Corporation by 81.3% in the 2nd quarter. Boston Partners now owns 1,818,011 shares of the business services provider’s stock worth $3,818,000 after purchasing an additional 815,088 shares during the period. Marathon Asset Management LP boosted its holdings in shares of Civeo Corporation by 66.3% in the 1st quarter. Marathon Asset Management LP now owns 3,448,957 shares of the business services provider’s stock worth $10,312,000 after purchasing an additional 1,375,000 shares during the period. Finally, KCG Holdings Inc. boosted its holdings in shares of Civeo Corporation by 76.4% in the 1st quarter. KCG Holdings Inc. now owns 112,757 shares of the business services provider’s stock worth $337,000 after purchasing an additional 48,831 shares during the period. Hedge funds and other institutional investors own 76.16% of the company’s stock.

About Civeo Corporation

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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