Civeo (CVEO) Upgraded at ValuEngine

Civeo (NYSE:CVEO) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Other research analysts have also recently issued research reports about the company. BidaskClub upgraded Civeo from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Royal Bank of Canada set a $3.00 price objective on Civeo and gave the stock a “hold” rating in a research note on Thursday, December 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $4.17.

Civeo (CVEO) opened at $2.73 on Friday. The company has a market capitalization of $361.07, a PE ratio of -4.55 and a beta of 4.82. Civeo has a one year low of $1.57 and a one year high of $3.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.02 and a current ratio of 2.09.

Several large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted 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 acquiring an additional 191,100 shares in the last quarter. 22NW LP lifted its stake in shares of Civeo by 15.8% in the third quarter. 22NW LP now owns 594,965 shares of the business services provider’s stock worth $1,696,000 after acquiring an additional 81,120 shares in the last quarter. JPMorgan Chase & Co. lifted 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 acquiring an additional 117,620 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Civeo by 0.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 5,478,057 shares of the business services provider’s stock worth $15,612,000 after acquiring an additional 26,040 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC acquired a new position in shares of Civeo in the third quarter worth about $171,000. Institutional investors and hedge funds own 78.62% of the company’s stock.

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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.

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