Civeo Corporation (NYSE:CVEO) Short Interest Down 14.4% in April

Civeo Corporation (NYSE:CVEO) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 253,970 shares, a decline of 14.4% from the March 31st total of 296,811 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 88,066 shares, the short-interest ratio is presently 2.9 days.

Insider Buying and Selling

In other news, major shareholder Engine Capital Management, Lp sold 9,169 shares of Civeo stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $29.03, for a total transaction of $266,176.07. Following the sale, the insider owned 65,461 shares of the company’s stock, valued at approximately $1,900,332.83. The trade was a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Peter Mccann sold 4,000 shares of Civeo stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $28.64, for a total value of $114,560.00. Following the sale, the senior vice president directly owned 50,942 shares in the company, valued at approximately $1,458,978.88. This trade represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 430,184 shares of company stock worth $12,390,768. Corporate insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Civeo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CVEO. Goldman Sachs Group Inc. bought a new stake in Civeo during the first quarter worth approximately $204,000. Empowered Funds LLC increased its holdings in shares of Civeo by 5.5% in the first quarter. Empowered Funds LLC now owns 106,318 shares of the business services provider’s stock valued at $2,445,000 after buying an additional 5,570 shares in the last quarter. State of Wyoming bought a new position in shares of Civeo in the second quarter valued at $66,000. Quent Capital LLC bought a new position in shares of Civeo in the third quarter valued at $79,000. Finally, Ritholtz Wealth Management increased its holdings in shares of Civeo by 29.4% in the third quarter. Ritholtz Wealth Management now owns 41,914 shares of the business services provider’s stock valued at $964,000 after buying an additional 9,531 shares in the last quarter. Institutional investors own 81.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price target on Civeo from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.00.

Trending Headlines about Civeo

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Q1 beat on both EPS and revenue — better-than-expected EPS (-$0.34) and revenue above consensus, driven by stronger activity and contributions from recent Australian village acquisitions. Read More.
• Positive Sentiment: Company raised the FY2026 revenue guidance floor to $675M (range $675M–$700M), signaling confidence in bookings and demand recovery in key markets. Read More.
• Neutral Sentiment: Management left adjusted EBITDA guidance unchanged at $85M–$90M despite the revenue raise — implies margin sensitivity and keeps near-term profitability goals intact but not improved. Read More.
• Neutral Sentiment: Management struck an optimistic tone on the call and highlighted integration benefits from recent acquisitions in Australia, which supported the revenue beat. Read More.
• Negative Sentiment: Management warned that fuel inflation is a material risk that could compress margins if sustained, which likely contributed to investor caution. Read More.
• Negative Sentiment: Company remains unprofitable on a GAAP basis (negative net margin and negative ROE) and analysts still model negative EPS for the year, keeping longer‑term profitability concerns in focus. Read More.

Civeo Price Performance

NYSE:CVEO traded down $0.56 during midday trading on Friday, hitting $31.34. 142,599 shares of the stock were exchanged, compared to its average volume of 68,098. Civeo has a one year low of $18.60 and a one year high of $34.80. The company has a market capitalization of $342.95 million, a price-to-earnings ratio of -19.96 and a beta of 0.65. The business has a 50-day moving average price of $28.55 and a two-hundred day moving average price of $25.34. The company has a current ratio of 1.54, a quick ratio of 1.47 and a debt-to-equity ratio of 1.05.

Civeo (NYSE:CVEO) last announced its earnings results on Friday, May 1st. The business services provider reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.27. Civeo had a negative return on equity of 10.20% and a negative net margin of 3.14%.The firm had revenue of $172.67 million for the quarter, compared to analysts’ expectations of $154.70 million. Sell-side analysts predict that Civeo will post -0.7 EPS for the current year.

Civeo Company Profile

Civeo Corporation is a leading provider of workforce accommodations and integrated facility management services, primarily serving the oil and gas, mining, and construction sectors. The company specializes in the development, ownership, and operation of remote lodging facilities, commonly known as “man camps,” designed to house workers in geographically challenging environments. Its services include turnkey accommodations, catering, housekeeping, grounds maintenance, and logistical support, tailored to meet the needs of large-scale energy and resource projects.

With a network of lodges and villages across North America and Australia, Civeo caters to clients operating in regions such as Alberta’s oil sands, the Bakken shale play, and Australia’s Pilbara and Bowen Basin mining districts.