Civeo (CVEO) Given a $5.00 Price Target at Royal Bank of Canada
A number of other equities analysts have also recently issued reports on CVEO. BidaskClub upgraded shares of Civeo from a hold rating to a buy rating in a research report on Tuesday, November 7th. ValuEngine upgraded shares of Civeo from a sell rating to a hold rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Civeo has a consensus rating of Buy and an average target price of $4.83.
Civeo (CVEO) opened at $3.75 on Thursday. Civeo has a 52-week low of $1.57 and a 52-week high of $3.85. The company has a market cap of $496.18, a price-to-earnings ratio of -4.63 and a beta of 4.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 1.65.
In other Civeo news, insider Peter Mccann sold 11,727 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $3.29, for a total value of $38,581.83. Following the transaction, the insider now owns 104,206 shares in the company, valued at $342,837.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 58,233 shares of company stock worth $201,471 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Civeo by 656.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 135,530 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 117,620 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Civeo by 36.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 195,752 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 52,742 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Civeo during the 3rd quarter valued at about $325,000. Kirr Marbach & Co. LLC IN bought a new stake in shares of Civeo during the 4th quarter valued at about $527,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Civeo by 82.0% during the 3rd quarter. GSA Capital Partners LLP now owns 424,207 shares of the business services provider’s stock valued at $1,209,000 after purchasing an additional 191,100 shares in the last quarter. 80.55% of the stock is currently owned by hedge funds and other institutional investors.
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Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.
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