Civeo Co. (NYSE:CVEO) traded up 8% on Tuesday . The company traded as high as $3.52 and last traded at $3.52. 794,450 shares were traded during trading, a decline of 25% from the average session volume of 1,053,392 shares. The stock had previously closed at $3.26.

Several research analysts have commented on the stock. ValuEngine upgraded shares of Civeo from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada set a $3.00 target price on shares of Civeo and gave the stock a “hold” rating in a research report on Thursday, December 21st. Finally, BidaskClub upgraded shares of Civeo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Civeo currently has an average rating of “Buy” and a consensus target price of $4.17.

The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.58. The company has a market cap of $419.24, a PE ratio of -5.87 and a beta of 4.91.

A number of hedge funds and other institutional investors have recently bought and sold shares of CVEO. Wells Fargo & Company MN grew its position in Civeo by 116.7% in the 2nd quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock worth $189,000 after purchasing an additional 48,529 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Civeo by 96.0% in the second quarter. PNC Financial Services Group Inc. now owns 231,043 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 113,162 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Civeo by 3.8% in the second quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 2,445 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Civeo by 15.2% in the second quarter. Parametric Portfolio Associates LLC now owns 263,312 shares of the business services provider’s stock valued at $553,000 after acquiring an additional 34,819 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Civeo by 37.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,235,066 shares of the business services provider’s stock valued at $4,694,000 after acquiring an additional 604,605 shares in the last quarter. Hedge funds and other institutional investors own 79.35% of the company’s stock.

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Civeo 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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