Civeo Corp. (NYSE:CVEO) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the firm. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $2.56.

CVEO has been the topic of several research reports. Scotiabank downgraded shares of Civeo Corp. from a “focus stock” rating to an “outperform” rating and lowered their price objective for the stock from $4.00 to $3.00 in a report on Friday, July 15th. Howard Weil downgraded shares of Civeo Corp. from a “focus stock” rating to a “sector outperform” rating and lowered their price objective for the stock from $4.00 to $3.00 in a report on Wednesday, July 13th. Finally, Loop Capital initiated coverage on shares of Civeo Corp. in a report on Friday, September 30th. They set a “buy” rating and a $2.25 price objective on the stock.

Several hedge funds have recently bought and sold shares of the company. Centerbridge Partners L.P. raised its stake in Civeo Corp. by 9.0% in the second quarter. Centerbridge Partners L.P. now owns 7,714,910 shares of the company’s stock valued at $13,887,000 after buying an additional 635,000 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its stake in Civeo Corp. by 40.4% in the second quarter. Prescott Group Capital Management L.L.C. now owns 5,088,928 shares of the company’s stock valued at $9,160,000 after buying an additional 1,464,985 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Civeo Corp. by 18.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,853,764 shares of the company’s stock valued at $8,737,000 after buying an additional 772,299 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in Civeo Corp. by 79.8% in the second quarter. Brookfield Asset Management Inc. now owns 4,164,408 shares of the company’s stock valued at $7,496,000 after buying an additional 1,848,845 shares during the last quarter. Finally, Spark Investment Management LLC raised its stake in Civeo Corp. by 8.6% in the first quarter. Spark Investment Management LLC now owns 1,609,500 shares of the company’s stock valued at $1,979,000 after buying an additional 127,400 shares during the last quarter. Hedge funds and other institutional investors own 67.97% of the company’s stock.

Shares of Civeo Corp. (NYSE:CVEO) traded up 4.50% during mid-day trading on Wednesday, reaching $1.16. 788,188 shares of the company’s stock traded hands. Civeo Corp. has a 12-month low of $0.75 and a 12-month high of $2.40. The company’s market cap is $125.38 million. The firm has a 50-day moving average of $1.18 and a 200 day moving average of $1.52.

Civeo Corp. (NYSE:CVEO) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. Civeo Corp. had a negative net margin of 38.58% and a negative return on equity of 10.09%. The firm had revenue of $107 million for the quarter, compared to the consensus estimate of $99.30 million. Equities analysts forecast that Civeo Corp. will post ($0.65) EPS for the current year.

About Civeo Corp.

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