Civeo (NYSE:CVEO) Research Coverage Started at Northland Securities

Northland Securities began coverage on shares of Civeo (NYSE:CVEO) in a report released on Thursday, Marketbeat.com reports. The firm issued an outperform rating and a $42.00 target price on the business services provider’s stock.

CVEO has been the subject of a number of other reports. Weiss Ratings raised Civeo from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 31st. Roth Capital initiated coverage on shares of Civeo in a research report on Thursday. They issued a “buy” rating and a $39.00 target price on the stock. Finally, Raymond James Financial assumed coverage on shares of Civeo in a research note on Tuesday, August 4th. They set a “strong-buy” rating and a $51.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.25.

Civeo Trading Down 1.7%

Shares of Civeo stock opened at $33.19 on Thursday. The stock has a 50 day moving average of $33.20 and a 200 day moving average of $32.24. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.81 and a current ratio of 1.89. The firm has a market capitalization of $343.19 million, a price-to-earnings ratio of -28.37 and a beta of 0.71. Civeo has a fifty-two week low of $19.75 and a fifty-two week high of $36.50.

Civeo (NYSE:CVEO) last posted its earnings results on Thursday, July 30th. The business services provider reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.07. Civeo had a negative return on equity of 7.82% and a negative net margin of 1.93%.The company had revenue of $180.02 million for the quarter, compared to the consensus estimate of $172.18 million. As a group, research analysts predict that Civeo will post -1 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Clearstead Advisors LLC grew its stake in shares of Civeo by 191.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,538 shares of the business services provider’s stock valued at $35,000 after buying an additional 1,011 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Civeo during the 2nd quarter worth about $217,000. OMERS ADMINISTRATION Corp acquired a new position in Civeo during the 1st quarter worth about $217,000. Bank of New York Mellon Corp purchased a new position in Civeo during the 2nd quarter valued at about $1,032,000. Finally, Ritholtz Wealth Management boosted its holdings in Civeo by 9.4% during the 1st quarter. Ritholtz Wealth Management now owns 40,352 shares of the business services provider’s stock valued at $1,068,000 after acquiring an additional 3,470 shares during the period. 81.44% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Civeo

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Northland Securities initiated coverage with an “Outperform” rating and a $42 price target, implying meaningful upside from recent trading levels. The firm projects Civeo will return to profitability in 2027, with estimated EPS of $0.17 in the second quarter, $0.24 in the third quarter, $0.16 in the fourth quarter and $0.48 for the full year. Northland Securities Initiates Coverage on Civeo
• Positive Sentiment: Roth Capital upgraded Civeo to “Strong Buy,” adding to the favorable analyst sentiment and reinforcing the investment case tied to an expected earnings recovery.
• Neutral Sentiment: Northland’s estimates indicate a transition period: Civeo is expected to remain unprofitable through the first quarter of 2027 before generating positive quarterly earnings thereafter. The projections suggest investors are weighing near-term losses against longer-term improvement.
• Negative Sentiment: Northland forecasts substantial losses for the remaining quarters of 2026, including EPS of negative $0.45 in the third quarter and negative $0.36 in the fourth quarter. Its FY2026 EPS estimate of negative $1.37 is also worse than the current consensus estimate of negative $0.83, which could limit near-term enthusiasm.

Civeo Company Profile

Civeo Corporation (NYSE: CVEO) provides workforce accommodations and hospitality services for companies operating in remote and resource-intensive locations. Its customers primarily include energy, mining and infrastructure companies that require lodging, dining and related support services for employees and contractors.

The company operates lodges, villages and mobile workforce camps, offering furnished rooms, catering, housekeeping, facility management, maintenance, transportation and other site services.