Civeo (NYSE:CVEO) Given New $31.00 Price Target at Stifel Nicolaus

Civeo (NYSE:CVEO) had its price target lifted by Stifel Nicolaus from $30.00 to $31.00 in a research note released on Tuesday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Civeo Price Performance

CVEO stock opened at $24.20 on Tuesday. Civeo has a 52 week low of $17.98 and a 52 week high of $28.00. The firm has a market capitalization of $353.80 million, a P/E ratio of 11.47 and a beta of 2.21. The company has a fifty day simple moving average of $25.21 and a two-hundred day simple moving average of $23.19. The company has a quick ratio of 1.74, a current ratio of 1.82 and a debt-to-equity ratio of 0.26.

Civeo (NYSE:CVEO) last announced its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.33. Civeo had a net margin of 4.49% and a return on equity of 3.53%. The firm had revenue of $170.80 million during the quarter, compared to the consensus estimate of $151.12 million. Analysts anticipate that Civeo will post 0.47 earnings per share for the current fiscal year.

Civeo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, May 27th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Thursday, May 23rd. Civeo’s dividend payout ratio is currently 47.39%.

Insider Buying and Selling

In other Civeo news, SVP Peter Mccann sold 5,220 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $23.75, for a total transaction of $123,975.00. Following the transaction, the senior vice president now owns 45,395 shares in the company, valued at $1,078,131.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quent Capital LLC purchased a new position in Civeo during the 1st quarter valued at $98,000. Hillsdale Investment Management Inc. bought a new stake in shares of Civeo during the fourth quarter valued at approximately $146,000. Jump Financial LLC purchased a new stake in shares of Civeo in the 4th quarter worth approximately $201,000. Bailard Inc. purchased a new stake in Civeo during the third quarter worth $218,000. Finally, Sapient Capital LLC bought a new stake in Civeo during the fourth quarter valued at about $398,000. Institutional investors own 81.44% of the company’s stock.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.