Civeo Co. (NYSE:CVEO) Declares $0.25 Dividend

Civeo Co. (NYSE:CVEOGet Free Report) announced a dividend on Tuesday, September 5th, Zacks reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.25 per share by the business services provider on Friday, September 29th. The ex-dividend date is Thursday, September 14th.

Civeo Stock Performance

Civeo stock traded up $0.31 during midday trading on Thursday, hitting $20.93. The company’s stock had a trading volume of 4,475 shares, compared to its average volume of 59,187. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.71 and a quick ratio of 1.64. The company has a market cap of $310.60 million, a price-to-earnings ratio of -18.52 and a beta of 2.56. Civeo has a 1-year low of $17.87 and a 1-year high of $36.88. The company has a 50-day moving average price of $19.04 and a two-hundred day moving average price of $20.48.

Civeo (NYSE:CVEOGet Free Report) last released its quarterly earnings results on Friday, July 28th. The business services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $178.84 million during the quarter, compared to analyst estimates of $173.59 million. Civeo had a negative net margin of 1.28% and a negative return on equity of 1.50%. As a group, sell-side analysts predict that Civeo will post -0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd lifted its stake in Civeo by 8.6% during the second quarter. Quadrature Capital Ltd now owns 14,360 shares of the business services provider’s stock worth $279,000 after purchasing an additional 1,135 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Civeo during the 2nd quarter worth $309,000. Hudson Bay Capital Management LP acquired a new stake in Civeo in the first quarter valued at about $9,297,000. Squarepoint Ops LLC bought a new position in Civeo in the first quarter valued at about $271,000. Finally, Punch & Associates Investment Management Inc. raised its stake in Civeo by 146.8% during the first quarter. Punch & Associates Investment Management Inc. now owns 293,000 shares of the business services provider’s stock worth $6,050,000 after acquiring an additional 174,288 shares in the last quarter. 81.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, began coverage on Civeo in a report on Thursday, August 17th. They set a “buy” rating on the stock.

Check Out Our Latest Research Report on CVEO

About Civeo

(Get Free Report)

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.

Further Reading

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