Brokers Issue Forecasts for Civeo’s Q2 Earnings (NYSE:CVEO)

Civeo Corporation (NYSE:CVEO) – Equities researchers at Northland Securities dropped their Q2 2027 earnings per share (EPS) estimates for shares of Civeo in a research report issued to clients and investors on Monday, November 2nd. Northland Securities analyst G. Gibas now expects that the business services provider will earn $0.12 per share for the quarter, down from their prior forecast of $0.17. Northland Securities has an “Outperform” rating and a $42.00 price objective on the stock. The consensus estimate for Civeo’s current full-year earnings is ($1.00) per share. Northland Securities also issued estimates for Civeo’s Q3 2027 earnings at $0.32 EPS.

Civeo (NYSE:CVEO) last issued its quarterly earnings data on Thursday, October 29th. The business services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.77. Civeo had a negative return on equity of 7.82% and a negative net margin of 1.93%. The firm had revenue of $193.10 million for the quarter, compared to analyst estimates of $174.05 million.

A number of other brokerages also recently issued reports on CVEO. Raymond James Financial downgraded shares of Civeo from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 1st. Roth Capital began coverage on shares of Civeo in a research report on Thursday, October 1st. They issued a “buy” rating and a $39.00 target price for the company. Finally, Weiss Ratings raised shares of Civeo from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 31st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.25.

Civeo Trading Up 0.3%

Shares of CVEO stock opened at $36.07 on Tuesday. The stock has a fifty day moving average of $32.31 and a 200 day moving average of $31.05. Civeo has a 52 week low of $20.94 and a 52 week high of $38.06. The company has a quick ratio of 1.81, a current ratio of 1.89 and a debt-to-equity ratio of 1.31.

Hedge Funds Weigh In On Civeo

Institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new stake in shares of Civeo in the 2nd quarter worth about $217,000. OMERS ADMINISTRATION Corp bought a new position in shares of Civeo in the 1st quarter worth about $217,000. Bank of New York Mellon Corp bought a new position in shares of Civeo in the 2nd quarter worth about $1,032,000. Sei Investments Co. lifted its position in Civeo by 104.2% during the 1st quarter. Sei Investments Co. now owns 71,487 shares of the business services provider’s stock valued at $1,892,000 after acquiring an additional 36,487 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Civeo by 12.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 126,478 shares of the business services provider’s stock valued at $3,347,000 after acquiring an additional 13,564 shares during the period. Institutional investors own 81.44% of the company’s stock.

About Civeo

Civeo Corporation is a provider of workforce accommodations and related services for the natural resources and other industries that operate in remote locations. The company develops, owns and operates workforce villages, lodges and other lodging facilities designed to house employees and contractors near work sites.

Civeo’s services include room accommodations, food services, housekeeping, facility management, logistics and transportation support. Its facilities are used by customers in sectors such as oil and gas, mining, and infrastructure development, where temporary or long-term workforce housing is needed.

Headquartered in Houston, Texas, Civeo serves customers primarily in Canada, Australia and the United States.