Civeo (CVEO) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Civeo (NYSE:CVEO) from a sell rating to a hold rating in a research note published on Friday morning.

Other research analysts have also recently issued reports about the company. BidaskClub cut Civeo from a strong-buy rating to a buy rating in a research note on Friday, October 13th. Royal Bank of Canada set a $3.00 price objective on Civeo and gave the company a hold rating in a research note on Thursday, December 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $4.17.

Civeo (CVEO) opened at $3.32 on Friday. Civeo has a 12 month low of $1.57 and a 12 month high of $3.81. The stock has a market capitalization of $456.29, a PE ratio of -5.53 and a beta of 4.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.02 and a current ratio of 2.09.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of Civeo by 36.9% in the second quarter. Goldman Sachs Group Inc. now owns 195,752 shares of the business services provider’s stock worth $411,000 after purchasing an additional 52,742 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Civeo by 656.7% in the third quarter. JPMorgan Chase & Co. now owns 135,530 shares of the business services provider’s stock worth $390,000 after purchasing an additional 117,620 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Civeo in the third quarter worth about $325,000. Dimensional Fund Advisors LP grew its stake in shares of Civeo by 37.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,235,066 shares of the business services provider’s stock worth $4,694,000 after purchasing an additional 604,605 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Civeo by 82.0% in the third quarter. GSA Capital Partners LLP now owns 424,207 shares of the business services provider’s stock worth $1,209,000 after purchasing an additional 191,100 shares during the last quarter. 78.84% of the stock is currently owned by institutional investors.

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About Civeo

Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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