Civeo Co. (NYSE:CVEO) insider Peter Mccann sold 16,506 shares of the firm’s stock in a transaction on Sunday, February 11th. The shares were sold at an average price of $3.18, for a total value of $52,489.08. Following the completion of the sale, the insider now directly owns 116,694 shares of the company’s stock, valued at approximately $371,086.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Civeo Co. (NYSE CVEO) opened at $3.37 on Friday. Civeo Co. has a fifty-two week low of $1.57 and a fifty-two week high of $3.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.09 and a quick ratio of 2.02. The company has a market capitalization of $431.14, a price-to-earnings ratio of -5.62 and a beta of 4.91.
Hedge funds have recently made changes to their positions in the company. Ramsey Quantitative Systems purchased a new position in shares of Civeo in the fourth quarter valued at $125,000. M&T Bank Corp increased its position in shares of Civeo by 3.8% in the second quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock valued at $141,000 after buying an additional 2,445 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in shares of Civeo in the third quarter valued at $171,000. Wells Fargo & Company MN increased its position in shares of Civeo by 116.7% in the second quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock valued at $189,000 after buying an additional 48,529 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Civeo in the fourth quarter valued at $218,000. Institutional investors and hedge funds own 79.35% of the company’s stock.
A number of equities research analysts have commented on the company. ValuEngine raised Civeo from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Royal Bank of Canada set a $3.00 target price on Civeo and gave the company a “hold” rating in a report on Thursday, December 21st. Finally, BidaskClub raised Civeo from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $4.17.
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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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