Civeo (NYSE:CVEO) Releases Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Civeo (NYSE:CVEO) released its earnings results on Tuesday. The business services provider reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.15), reports. Civeo had a negative return on equity of 12.10% and a negative net margin of 4.57%.The company had revenue of $161.62 million during the quarter, compared to analyst estimates of $170.17 million.

Here are the key takeaways from Civeo’s conference call:

• Share buybacks progressing: Civeo repurchased ~2.3M shares (~$54M) in 2025, added ~500k shares YTD to reach ~95% of its authorization, and announced a follow-on 10% repurchase authorization, signaling continued return of capital and a smaller share count.
• Australia drove performance: Record 2025 Australian revenues of AUD 460M and Q4 revenue/EBITDA growth (+9% YoY) were led by integrated services expansion and the May 2025 Bowen Basin acquisition, with integrated services targeting AUD 500M by 2027.
• Canada delivered meaningful margin recovery—Q4 adjusted EBITDA rose to CAD 3.4M from -CAD 5.4M a year ago due to structural cost actions—but full-year Canadian revenue fell and oil sands activity remains subdued.
• 2026 outlook and positioning: Management guided to $650–700M revenue, $85–90M adjusted EBITDA and $25–30M CapEx, with net leverage around 1.9x, describing 2026 as a year to solidify the cost base and position for potential infrastructure and data center demand beyond 2026.

Civeo Stock Up 3.6%

NYSE CVEO traded up $0.97 during trading hours on Wednesday, hitting $28.00. The company had a trading volume of 20,144 shares, compared to its average volume of 56,347. The firm’s 50 day moving average is $25.78 and its 200 day moving average is $23.62. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.64 and a quick ratio of 1.57. Civeo has a fifty-two week low of $18.01 and a fifty-two week high of $29.33. The company has a market capitalization of $322.56 million, a price-to-earnings ratio of -13.27 and a beta of 0.57.

More Civeo News

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on CVEO from $33 to $37 and initiated/maintained a “buy” stance, implying roughly ~38% upside from the recent price; this upgrade could support a recovery if fundamentals or guidance improve. Benzinga
• Positive Sentiment: Technical note: shares recently moved above the 50‑day moving average, which some traders view as a bullish signal that could attract momentum buyers. AmericanBankingNews
• Neutral Sentiment: Civeo published its formal Q4 and full‑year 2025 results and commentary; management highlighted record annual revenues in its Australian segment but described a challenging macro backdrop — useful for context but mixed in directional impact. BusinessWire
• Negative Sentiment: Q4 EPS missed consensus: reported loss of $0.56 vs. estimate of a $0.41 loss; revenue came in at $161.62M vs. $170.17M expected. The shortfall (EPS and revenue) is the primary near‑term reason for investor selling pressure. MarketBeat earnings
• Negative Sentiment: Guidance flagged conservatism: FY‑2026 revenue guidance was set at roughly $650M–$700M (street consensus ~ $676M), which some investors read as a below‑expectations midpoint and contributed to downside reaction. Investing.com
• Negative Sentiment: Analyst and media coverage emphasizing the miss (Zacks, WTOP, Seeking Alpha transcripts) amplified selling; investors focused on negative margins and ROE metrics cited in filings. Zacks

Insider Activity at Civeo

In other news, major shareholder Engine Capital Management, Lp sold 417,015 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $28.80, for a total value of $12,010,032.00. Following the completion of the sale, the insider owned 66,119 shares of the company’s stock, valued at $1,904,227.20. This represents a 86.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Civeo

Large investors have recently modified their holdings of the business. Empowered Funds LLC increased its position in Civeo by 5.5% in the 4th quarter. Empowered Funds LLC now owns 109,216 shares of the business services provider’s stock valued at $2,498,000 after acquiring an additional 5,702 shares during the period. ExodusPoint Capital Management LP acquired a new position in Civeo during the 4th quarter worth $573,000. Charles Schwab Investment Management Inc. grew its stake in shares of Civeo by 38.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 189,057 shares of the business services provider’s stock worth $4,324,000 after purchasing an additional 52,660 shares in the last quarter. Boston Partners increased its holdings in shares of Civeo by 12.4% during the fourth quarter. Boston Partners now owns 161,911 shares of the business services provider’s stock valued at $3,703,000 after purchasing an additional 17,871 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Civeo by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 628,158 shares of the business services provider’s stock valued at $14,366,000 after purchasing an additional 9,784 shares during the period. 81.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on CVEO. Weiss Ratings reiterated a “sell (d)” rating on shares of Civeo in a report on Monday, December 29th. Stifel Nicolaus increased their target price on Civeo from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Zacks Research upgraded Civeo from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Civeo Company Profile

Civeo Corporation is a leading provider of workforce accommodations and integrated facility management services, primarily serving the oil and gas, mining, and construction sectors. The company specializes in the development, ownership, and operation of remote lodging facilities, commonly known as “man camps,” designed to house workers in geographically challenging environments. Its services include turnkey accommodations, catering, housekeeping, grounds maintenance, and logistical support, tailored to meet the needs of large-scale energy and resource projects.

With a network of lodges and villages across North America and Australia, Civeo caters to clients operating in regions such as Alberta’s oil sands, the Bakken shale play, and Australia’s Pilbara and Bowen Basin mining districts.