Sidoti Csr Comments on Civeo’s FY2026 Earnings (NYSE:CVEO)

Civeo Co. (NYSE:CVEO) – Stock analysts at Sidoti Csr increased their FY2026 earnings estimates for Civeo in a research report issued on Friday, March 28th. Sidoti Csr analyst S. Ferazani now forecasts that the business services provider will post earnings per share of $1.07 for the year, up from their previous forecast of $0.95. The consensus estimate for Civeo’s current full-year earnings is ($0.58) per share.

Separately, StockNews.com lowered Civeo from a “buy” rating to a “hold” rating in a research report on Monday.

Civeo Stock Performance

Shares of CVEO stock opened at $23.02 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The firm has a market cap of $314.32 million, a P/E ratio of 16.44 and a beta of 2.03. The firm’s 50 day moving average price is $23.39 and its 200-day moving average price is $24.52. Civeo has a one year low of $20.26 and a one year high of $28.92.

Institutional Trading of Civeo

Several hedge funds have recently made changes to their positions in CVEO. Mackenzie Financial Corp purchased a new stake in Civeo during the 4th quarter worth approximately $386,000. Man Group plc grew its stake in shares of Civeo by 108.0% in the fourth quarter. Man Group plc now owns 71,597 shares of the business services provider’s stock worth $1,627,000 after acquiring an additional 37,173 shares in the last quarter. Meros Investment Management LP increased its position in shares of Civeo by 28.9% during the fourth quarter. Meros Investment Management LP now owns 109,761 shares of the business services provider’s stock worth $2,494,000 after acquiring an additional 24,637 shares during the period. Millennium Management LLC raised its stake in shares of Civeo by 18.2% in the fourth quarter. Millennium Management LLC now owns 80,055 shares of the business services provider’s stock valued at $1,819,000 after acquiring an additional 12,299 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Civeo by 24.0% in the fourth quarter. Lazard Asset Management LLC now owns 21,492 shares of the business services provider’s stock valued at $488,000 after purchasing an additional 4,158 shares during the period. Institutional investors and hedge funds own 81.44% of the company’s stock.

Civeo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend was Monday, February 24th. Civeo’s dividend payout ratio is currently -80.00%.

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.