Civeo (CVEO) Stock Price Down 5.8%
Civeo Corp (NYSE:CVEO) dropped 5.8% on Monday . The company traded as low as $2.05 and last traded at $2.13. Approximately 744,574 shares changed hands during trading, an increase of 6% from the average daily volume of 704,459 shares. The stock had previously closed at $2.26.
CVEO has been the subject of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of Civeo in a report on Monday, September 10th. They set a “buy” rating and a $5.00 price target for the company. ValuEngine raised shares of Civeo from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Royal Bank of Canada reaffirmed a “hold” rating and set a $4.50 price target on shares of Civeo in a report on Wednesday, July 25th. Craig Hallum set a $4.00 price target on shares of Civeo and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, TheStreet lowered shares of Civeo from a “c-” rating to a “d” rating in a report on Wednesday, October 31st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $4.50.
The firm has a market cap of $379.61 million, a price-to-earnings ratio of -3.23 and a beta of 4.17. The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.77.
Hedge funds have recently made changes to their positions in the business. Gagnon Securities LLC acquired a new position in Civeo during the 2nd quarter worth $139,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Civeo during the 2nd quarter worth $145,000. AQR Capital Management LLC acquired a new position in Civeo during the 3rd quarter worth $153,000. UBS Group AG grew its holdings in Civeo by 109.4% during the 1st quarter. UBS Group AG now owns 42,890 shares of the business services provider’s stock worth $162,000 after acquiring an additional 22,412 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in Civeo by 857.0% during the 2nd quarter. Citadel Advisors LLC now owns 81,343 shares of the business services provider’s stock worth $354,000 after acquiring an additional 72,843 shares in the last quarter. 65.06% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This story was published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.dailypolitical.com/2018/11/20/civeo-cveo-stock-price-down-5-8.html.
About Civeo (NYSE:CVEO)
Civeo Corporation offers workforce accommodation, logistics, and facility management services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; open camps; and mobile camps, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.
Recommended Story: What are retained earnings?
Receive News & Ratings for Civeo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civeo and related companies with MarketBeat.com's FREE daily email newsletter.