Civeo (NYSE:CVEO) PT Raised to $31.00 at Stifel Nicolaus

Civeo (NYSE:CVEO) had its price target hoisted by investment analysts at Stifel Nicolaus from $30.00 to $31.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price target suggests a potential upside of 28.68% from the company’s previous close.

Civeo Trading Up 3.7 %

Shares of NYSE CVEO opened at $24.09 on Tuesday. The business’s 50 day moving average is $25.17 and its two-hundred day moving average is $23.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.82 and a quick ratio of 1.74. Civeo has a 1-year low of $17.98 and a 1-year high of $28.00. The stock has a market capitalization of $352.20 million, a P/E ratio of 11.42 and a beta of 2.17.

Civeo (NYSE:CVEO) last released its earnings results on Thursday, February 29th. The business services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.33. The firm had revenue of $170.80 million for the quarter, compared to analysts’ expectations of $151.12 million. Civeo had a return on equity of 3.53% and a net margin of 4.49%. As a group, research analysts expect that Civeo will post 0.14 EPS for the current year.

Insider Activity

In related news, SVP Peter Mccann sold 5,220 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $23.75, for a total value of $123,975.00. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.30% of the company’s stock.

Institutional Trading of Civeo

A number of large investors have recently modified their holdings of CVEO. Hillsdale Investment Management Inc. purchased a new stake in Civeo during the fourth quarter worth $146,000. Jump Financial LLC purchased a new stake in Civeo during the fourth quarter worth $201,000. Bailard Inc. purchased a new stake in Civeo during the third quarter worth $218,000. Sapient Capital LLC purchased a new stake in Civeo during the fourth quarter worth $398,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Civeo during the fourth quarter worth $443,000. Hedge funds and other institutional investors own 81.44% of the company’s stock.

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.