Stock analysts at Loop Capital initiated coverage on shares of Civeo Corp. (NYSE:CVEO) in a research note issued on Friday. The firm set a “buy” rating and a $2.25 price target on the stock. Loop Capital’s target price would indicate a potential upside of 90.68% from the company’s previous close.
A number of other research analysts have also weighed in on CVEO. Howard Weil upgraded Civeo Corp. from a “sector outperform” rating to a “focus stock” rating and set a $4.00 target price on the stock in a report on Wednesday, June 22nd. Scotiabank lowered Civeo Corp. from a “focus stock” rating to an “outperform” rating and dropped their price target for the stock from $4.00 to $3.00 in a report on Friday, July 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $2.40.
Civeo Corp. (NYSE:CVEO) opened at 1.18 on Friday. The firm’s market capitalization is $127.54 million. The firm has a 50-day moving average price of $1.19 and a 200-day moving average price of $1.52. Civeo Corp. has a one year low of $0.75 and a one year high of $2.40.
Civeo Corp. (NYSE:CVEO) last posted its earnings results on Thursday, July 28th. The company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. Civeo Corp. had a negative return on equity of 10.09% and a negative net margin of 38.58%. The company had revenue of $107 million for the quarter, compared to analyst estimates of $99.30 million. Analysts expect that Civeo Corp. will post ($0.65) EPS for the current year.
Hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP raised its stake in shares of Civeo Corp. by 10.0% in the second quarter. GSA Capital Partners LLP now owns 468,407 shares of the company’s stock valued at $843,000 after buying an additional 42,700 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Civeo Corp. by 18.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,853,764 shares of the company’s stock valued at $8,737,000 after buying an additional 772,299 shares during the last quarter. TIAA CREF Investment Management LLC purchased a new stake in shares of Civeo Corp. during the first quarter valued at about $122,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Civeo Corp. by 32.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 113,570 shares of the company’s stock valued at $204,000 after buying an additional 27,870 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in shares of Civeo Corp. during the second quarter valued at about $654,000. Institutional investors and hedge funds own 67.97% of the company’s stock.
Receive News & Ratings for Civeo Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civeo Corp. and related companies with MarketBeat.com's FREE daily email newsletter.