Civeo (NYSE:CVEO) Upgraded at StockNews.com

Civeo (NYSE:CVEO) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Separately, Stifel Nicolaus upped their target price on shares of Civeo from $30.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, April 30th.

Civeo Stock Performance

Shares of NYSE CVEO opened at $24.69 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 1.82 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $25.34 and its 200-day moving average price is $23.33. Civeo has a 52-week low of $17.98 and a 52-week high of $28.00. The company has a market cap of $360.97 million, a PE ratio of 11.70 and a beta of 2.21.

Civeo (NYSE:CVEO) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.33. The firm had revenue of $170.80 million for the quarter, compared to the consensus estimate of $151.12 million. Civeo had a return on equity of 3.53% and a net margin of 4.49%. As a group, analysts anticipate that Civeo will post 0.47 EPS for the current year.

Insider Transactions at Civeo

In other news, SVP Peter Mccann sold 5,220 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $23.75, for a total transaction of $123,975.00. Following the completion of the transaction, the senior vice president now owns 45,395 shares in the company, valued at $1,078,131.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.30% of the company’s stock.

Institutional Trading of Civeo

Hedge funds have recently made changes to their positions in the business. FMR LLC boosted its position in shares of Civeo by 4.5% during the third quarter. FMR LLC now owns 1,206,052 shares of the business services provider’s stock valued at $25,001,000 after buying an additional 51,400 shares during the period. TCW Group Inc. lifted its holdings in shares of Civeo by 3.1% in the 4th quarter. TCW Group Inc. now owns 744,535 shares of the business services provider’s stock worth $17,013,000 after buying an additional 22,639 shares during the period. Wellington Management Group LLP grew its holdings in Civeo by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 450,100 shares of the business services provider’s stock worth $10,285,000 after acquiring an additional 4,100 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Civeo by 13.4% in the 4th quarter. Brown Advisory Inc. now owns 358,097 shares of the business services provider’s stock worth $8,183,000 after purchasing an additional 42,378 shares during the period. Finally, Boston Partners increased its holdings in Civeo by 62.0% during the fourth quarter. Boston Partners now owns 136,247 shares of the business services provider’s stock valued at $3,113,000 after buying an additional 52,168 shares during the period. 81.44% of the stock is currently owned by hedge funds and other institutional investors.

About Civeo

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.