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.

Civeo (NYSE:CVEO) last released its quarterly earnings results on Wednesday, October 31st. The business services provider reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02). The firm had revenue of $120.49 million for the quarter, compared to analyst estimates of $124.30 million. Civeo had a negative net margin of 25.69% and a negative return on equity of 20.55%. Research analysts predict that Civeo Corp will post -0.28 EPS for the current year.

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.

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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.

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