News headlines about Civeo (NYSE:CVEO) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Civeo earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 44.6795797540593 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
CVEO has been the topic of several research analyst reports. ValuEngine upgraded Civeo from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Royal Bank of Canada set a $3.00 price target on Civeo and gave the stock a “hold” rating in a research report on Thursday, December 21st. Finally, BidaskClub upgraded Civeo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $4.17.
Civeo (CVEO) traded down $0.10 during trading hours on Wednesday, hitting $3.42. The company had a trading volume of 631,768 shares, compared to its average volume of 1,039,789. Civeo has a 12-month low of $1.57 and a 12-month high of $3.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.02 and a current ratio of 2.09. The firm has a market capitalization of $431.14, a PE ratio of -5.68 and a beta of 4.91.
In other Civeo news, insider Peter Mccann sold 16,506 shares of the firm’s stock in a transaction on Sunday, February 11th. The stock was sold at an average price of $3.18, for a total transaction of $52,489.08. Following the completion of the sale, the insider now owns 116,694 shares of the company’s stock, valued at $371,086.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.
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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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