Civeo (NYSE:CVEO – Get Free Report) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.
Civeo Price Performance
Shares of CVEO opened at $21.69 on Friday. The business has a 50-day moving average of $24.93 and a 200-day moving average of $25.69. Civeo has a 1 year low of $21.15 and a 1 year high of $28.92. The company has a market capitalization of $298.74 million, a price-to-earnings ratio of 15.49 and a beta of 2.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28.
Civeo (NYSE:CVEO – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.38). Civeo had a return on equity of 0.11% and a net margin of 3.00%. The firm had revenue of $176.34 million for the quarter, compared to the consensus estimate of $172.59 million. During the same quarter in the previous year, the business posted $0.61 EPS. As a group, equities research analysts anticipate that Civeo will post -0.58 earnings per share for the current year.
Institutional Investors Weigh In On Civeo
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.
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