Civeo (NYSE:CVEO) CEO Bradley Dodson Sells 23,288 Shares of Stock

Civeo Corporation (NYSE:CVEO) CEO Bradley Dodson sold 23,288 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $37.17, for a total transaction of $865,614.96. Following the transaction, the chief executive officer directly owned 238,178 shares in the company, valued at $8,853,076.26. The trade was a 8.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Civeo Stock Down 6.0%

CVEO stock opened at $34.84 on Thursday. The stock has a market capitalization of $360.13 million, a P/E ratio of -55.30 and a beta of 0.72. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.65 and a current ratio of 1.71. Civeo Corporation has a one year low of $20.97 and a one year high of $38.06. The company has a 50 day moving average price of $32.40 and a two-hundred day moving average price of $31.16.

Civeo (NYSE:CVEO) last released its earnings results on Thursday, October 29th. The business services provider reported $0.50 EPS for the quarter, beating the consensus estimate of ($0.27) by $0.77. Civeo had a negative return on equity of 4.77% and a negative net margin of 1.08%. The firm had revenue of $193.10 million during the quarter, compared to analyst estimates of $174.05 million. As a group, sell-side analysts expect that Civeo Corporation will post -0.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CVEO. Northland Securities assumed coverage on shares of Civeo in a research note on Thursday, October 1st. They set an “outperform” rating and a $42.00 price objective for the company. Raymond James Financial cut shares of Civeo from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 1st. Stifel Nicolaus boosted their target price on shares of Civeo from $37.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Roth Capital initiated coverage on shares of Civeo in a 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

More Civeo News

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Stifel Nicolaus raised its price target to $42 from $37 and reiterated a Buy rating. Northland Securities also maintained an Outperform rating and a $42 target. Stifel Nicolaus recommendations
• Positive Sentiment: Some forecast revisions were favorable: Northland improved its FY2026 EPS estimate to a loss of $0.85 from $1.37, while Sidoti raised its Q2 and Q3 2027 estimates.
• Negative Sentiment: Analysts also made sizable cuts to several forecasts. Sidoti lowered its Q4 2026 estimate to a loss of $1.09 per share and Q1 2027 to a loss of $0.82; it reduced its FY2027 estimate from earnings of $0.09 to a loss of $0.48. Northland cut its Q4 2026 and Q1 2027 estimates as well, though it still forecasts FY2027 earnings.
• Negative Sentiment: CEO Bradley J. Dodson sold 23,288 shares for about $866,000, reducing his ownership by 8.91%. Insider sales can raise investor concerns, although the filing does not state the reason for the transaction. SEC Form 4 filing

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVEO. Engineers Gate Manager LP purchased a new stake in Civeo during the second quarter valued at about $217,000. Bank of New York Mellon Corp acquired a new stake in Civeo during the second quarter worth about $1,032,000. OMERS ADMINISTRATION Corp acquired a new stake in Civeo during the first quarter worth about $217,000. Arrowstreet Capital Limited Partnership increased its stake in Civeo by 12.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 126,478 shares of the business services provider’s stock worth $3,347,000 after acquiring an additional 13,564 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Civeo by 104.2% in the 1st quarter. Sei Investments Co. now owns 71,487 shares of the business services provider’s stock worth $1,892,000 after purchasing an additional 36,487 shares during the period. Institutional investors and hedge funds 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.