Analysts Issue Forecasts for Civeo’s Q1 Earnings (NYSE:CVEO)

Civeo Corporation (NYSE:CVEO) – Equities researchers at Sidoti dropped their Q1 2026 earnings per share estimates for shares of Civeo in a research report issued to clients and investors on Wednesday, March 4th. Sidoti analyst S. Ferazani now anticipates that the business services provider will post earnings of ($0.70) per share for the quarter, down from their prior estimate of ($0.52). The consensus estimate for Civeo’s current full-year earnings is ($0.58) per share. Sidoti also issued estimates for Civeo’s Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at $0.00 EPS, Q4 2026 earnings at ($0.40) EPS, FY2026 earnings at ($1.16) EPS and FY2027 earnings at $0.28 EPS.

Civeo (NYSE:CVEO) last posted its earnings results on Tuesday, March 3rd. The business services provider reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.15). The company had revenue of $161.62 million during the quarter, compared to the consensus estimate of $170.17 million. Civeo had a negative net margin of 3.14% and a negative return on equity of 10.20%.

Several other equities analysts have also recently weighed in on CVEO. Zacks Research upgraded Civeo from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Civeo in a report on Monday, December 29th. Finally, Stifel Nicolaus raised their price target on shares of Civeo from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

Civeo Trading Down 1.9%

Shares of Civeo stock opened at $28.51 on Monday. The company has a market capitalization of $312.18 million, a P/E ratio of -18.16 and a beta of 0.57. The stock has a fifty day simple moving average of $26.22 and a 200 day simple moving average of $23.80. Civeo has a 12-month low of $18.01 and a 12-month high of $29.68. The company has a current ratio of 1.54, a quick ratio of 1.47 and a debt-to-equity ratio of 1.05.

Hedge Funds Weigh In On Civeo

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in 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. American Century Companies Inc. raised its stake in shares of Civeo by 7.4% in the second quarter. American Century Companies Inc. now owns 470,826 shares of the business services provider’s stock valued at $10,871,000 after buying an additional 32,452 shares during the period. Blue Owl Capital Holdings LP raised its stake in shares of Civeo by 16.7% in the fourth quarter. Blue Owl Capital Holdings LP now owns 370,530 shares of the business services provider’s stock valued at $8,474,000 after buying an additional 53,119 shares during the period. Punch & Associates Investment Management Inc. lifted its position in shares of Civeo by 0.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 275,585 shares of the business services provider’s stock valued at $6,338,000 after buying an additional 2,115 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Civeo by 38.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 189,057 shares of the business services provider’s stock worth $4,324,000 after acquiring an additional 52,660 shares during the period. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Insider Activity

In other news, major shareholder Engine Capital Management, Lp sold 417,015 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $28.80, for a total transaction of $12,010,032.00. Following the completion of the transaction, the insider directly owned 66,119 shares of the company’s stock, valued at $1,904,227.20. This represents a 86.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Peter Mccann sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $28.64, for a total transaction of $114,560.00. Following the sale, the senior vice president owned 50,942 shares of the company’s stock, valued at approximately $1,458,978.88. The trade was a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 430,184 shares of company stock valued at $12,390,768. 4.70% of the stock is owned by company insiders.

About Civeo

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.