Civeo Corp (CVEO) SVP Peter Mccann Sells 38,392 Shares of Stock

Civeo Corp (NYSE:CVEO) SVP Peter Mccann sold 38,392 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $2.71, for a total value of $104,042.32. Following the completion of the transaction, the senior vice president now directly owns 580,329 shares of the company’s stock, valued at approximately $1,572,691.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peter Mccann also recently made the following trade(s):

  • On Friday, February 22nd, Peter Mccann sold 7,709 shares of Civeo stock. The stock was sold at an average price of $2.60, for a total value of $20,043.40.
  • On Wednesday, February 13th, Peter Mccann sold 16,506 shares of Civeo stock. The stock was sold at an average price of $2.48, for a total value of $40,934.88.

Shares of NYSE:CVEO traded down $0.09 during mid-day trading on Friday, reaching $2.51. The stock had a trading volume of 77,661 shares, compared to its average volume of 521,970. The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $435.05 million, a P/E ratio of -3.80 and a beta of 4.22. Civeo Corp has a 1 year low of $1.12 and a 1 year high of $4.64.

Civeo (NYSE:CVEO) last posted its earnings results on Tuesday, February 26th. The business services provider reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Civeo had a negative return on equity of 20.55% and a negative net margin of 25.69%. On average, research analysts forecast that Civeo Corp will post -0.28 earnings per share for the current year.

Several large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP lifted its position in shares of Civeo by 64.1% in the fourth quarter. GSA Capital Partners LLP now owns 21,500 shares of the business services provider’s stock worth $31,000 after buying an additional 8,400 shares in the last quarter. OLD National Bancorp IN raised its position in Civeo by 32.9% during the fourth quarter. OLD National Bancorp IN now owns 43,176 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 10,698 shares during the period. Teachers Advisors LLC purchased a new stake in Civeo during the third quarter valued at approximately $53,000. Natixis Advisors L.P. raised its position in Civeo by 10.3% during the fourth quarter. Natixis Advisors L.P. now owns 165,457 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 15,447 shares during the period. Finally, Great West Life Assurance Co. Can purchased a new stake in Civeo during the fourth quarter valued at approximately $26,000. Institutional investors own 68.34% of the company’s stock.

Separately, ValuEngine lowered Civeo from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Civeo currently has an average rating of “Buy” and a consensus price target of $4.50.

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About Civeo

Civeo Corporation offers workforce accommodation, logistics, and facility management services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; open camps; and mobile camps, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.

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