Civeo (NYSE:CVEO) Downgraded by StockNews.com to “Buy”

Civeo (NYSE:CVEO) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 price target (up previously from $31.00) on shares of Civeo in a research report on Wednesday, July 31st.

Civeo Stock Down 0.5 %

Shares of CVEO opened at $25.51 on Friday. Civeo has a 52 week low of $20.58 and a 52 week high of $28.92. The stock has a market capitalization of $366.60 million, a price-to-earnings ratio of 18.22 and a beta of 2.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.46 and a current ratio of 1.36. The stock has a fifty day moving average of $27.65 and a 200-day moving average of $25.86.

Insider Transactions at Civeo

In other Civeo news, SVP Allan Schoening sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $27.50, for a total transaction of $137,500.00. Following the transaction, the senior vice president now owns 16,146 shares in the company, valued at approximately $444,015. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.30% of the company’s stock.

Institutional Trading of Civeo

Several institutional investors and hedge funds have recently modified their holdings of CVEO. Hillsdale Investment Management Inc. raised its stake in shares of Civeo by 2,074.8% in the first quarter. Hillsdale Investment Management Inc. now owns 139,189 shares of the business services provider’s stock worth $3,737,000 after purchasing an additional 132,789 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Civeo by 242.5% in the first quarter. Acadian Asset Management LLC now owns 143,189 shares of the business services provider’s stock valued at $3,837,000 after acquiring an additional 101,378 shares in the last quarter. American Century Companies Inc. grew its holdings in Civeo by 22.4% during the second quarter. American Century Companies Inc. now owns 254,998 shares of the business services provider’s stock valued at $6,355,000 after purchasing an additional 46,633 shares during the period. OFI Invest Asset Management bought a new position in Civeo during the second quarter valued at $930,000. Finally, Dimensional Fund Advisors LP grew its holdings in Civeo by 10.0% during the second quarter. Dimensional Fund Advisors LP now owns 439,427 shares of the business services provider’s stock valued at $10,950,000 after purchasing an additional 39,987 shares during the period. 81.44% of the stock is owned by hedge funds and other institutional investors.

Civeo Company Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.