Civeo (NYSE:CVEO) Stock Rating Upgraded by Zacks Research

Civeo (NYSE:CVEO) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded Civeo from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Civeo in a research note on Wednesday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.00.

Civeo Stock Up 0.9%

NYSE CVEO traded up $0.20 during trading hours on Thursday, hitting $21.68. The company’s stock had a trading volume of 35,652 shares, compared to its average volume of 86,947. The company has a market capitalization of $249.59 million, a PE ratio of -8.92 and a beta of 1.22. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. Civeo has a 52 week low of $18.01 and a 52 week high of $27.55. The company’s 50-day simple moving average is $22.12 and its two-hundred day simple moving average is $22.56.

Civeo (NYSE:CVEO) last issued its quarterly earnings data on Friday, October 31st. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.24). Civeo had a negative return on equity of 12.76% and a negative net margin of 5.25%.The company had revenue of $170.49 million during the quarter, compared to analysts’ expectations of $177.04 million. Civeo has set its FY 2025 guidance at EPS. Research analysts anticipate that Civeo will post -0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Civeo

Several large investors have recently modified their holdings of CVEO. State of Wyoming purchased a new position in Civeo in the second quarter valued at approximately $66,000. Quent Capital LLC bought a new stake in shares of Civeo in the third quarter valued at $79,000. Goldman Sachs Group Inc. purchased a new position in shares of Civeo during the 1st quarter valued at $204,000. XTX Topco Ltd bought a new position in shares of Civeo during the 2nd quarter worth $255,000. Finally, Clough Capital Partners L P purchased a new stake in Civeo in the 1st quarter worth about $728,000. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Civeo Company Profile

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.