Civeo (NYSE:CVEO) Issues Earnings Results

Civeo (NYSE:CVEO) posted its quarterly earnings data on Tuesday. The business services provider reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.15), reports. Civeo had a negative return on equity of 10.20% and a negative net margin of 3.14%.The company had revenue of $161.62 million during the quarter, compared to the consensus estimate 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 Trading Up 7.4%

Shares of CVEO stock opened at $29.04 on Thursday. The business has a 50-day moving average of $25.89 and a 200 day moving average of $23.65. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.54 and a quick ratio of 1.57. Civeo has a 1-year low of $18.01 and a 1-year high of $29.68. The stock has a market capitalization of $334.40 million, a PE ratio of -18.50 and a beta of 0.57.

Insider Buying and Selling at Civeo

In related news, major shareholder Engine Capital Management, Lp sold 9,169 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $29.03, for a total transaction of $266,176.07. Following the completion of the sale, the insider directly owned 65,461 shares in the company, valued at $1,900,332.83. This represents a 12.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Civeo

A number of hedge funds have recently modified their holdings of CVEO. State of Wyoming bought a new position in shares of Civeo during the second quarter valued at about $66,000. Goldman Sachs Group Inc. purchased a new position in Civeo during the 1st quarter valued at about $204,000. ExodusPoint Capital Management LP purchased a new position in Civeo during the 4th quarter valued at about $573,000. Lido Advisors LLC raised its position in Civeo by 12.7% during the 4th quarter. Lido Advisors LLC now owns 25,909 shares of the business services provider’s stock valued at $596,000 after purchasing an additional 2,916 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Civeo by 5.5% in the 1st quarter. Empowered Funds LLC now owns 106,318 shares of the business services provider’s stock worth $2,445,000 after buying an additional 5,570 shares during the period. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CVEO. Weiss Ratings restated a “sell (d)” rating on shares of Civeo in a research report on Monday, December 29th. Zacks Research upgraded Civeo from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, Stifel Nicolaus lifted their price target on Civeo from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.00.

Key Civeo News

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Stifel Nicolaus raised its price target to $37 and reiterated a Buy rating, signaling analyst confidence and giving upside to the stock. Stifel PT Raised to $37
• Positive Sentiment: Management set 2026 revenue guidance of $650M–$700M and said the company is close to completing its share buyback authorization; both items support earnings leverage and shareholder returns. Civeo outlines $650M-$700M revenue target for 2026
• Positive Sentiment: Company highlighted strong performance in Australia (record annual revenues for that segment), which management cites as a growth area driving the revenue target. Civeo Reports Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Stonegate Capital Partners updated coverage and flagged reported Q4 revenue of $161.6M and adjusted EBITDA of $21.7M — useful datapoints but not a major re-rating on their own. Stonegate Updates Coverage
• Neutral Sentiment: Technical note: shares have moved above the 50-day moving average, which can attract momentum flows and explain part of today’s volume increase. Shares Pass Above Fifty Day Moving Average
• Negative Sentiment: Q4 results missed expectations: EPS loss of $0.56 vs. consensus ($0.41) and revenue $161.62M below estimates (~$170M). The company still reported negative margins and ROE, which keeps near-term profitability under pressure. Q4 Earnings and Conference Call
• Negative Sentiment: Some outlets flagged that the company’s guidance sits below some street views, which could limit near-term upside until execution on revenue targets and buybacks is visible. Civeo Misses Q4, Guides Below Views

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.