Civeo (NYSE:CVEO) Share Price Passes Above 50-Day Moving Average – What’s Next?

Civeo Co. (NYSE:CVEO)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $23.50 and traded as high as $24.07. Civeo shares last traded at $23.94, with a volume of 54,150 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered Civeo from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 29th.

Civeo Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The firm has a fifty day simple moving average of $23.50 and a 200-day simple moving average of $25.53. The company has a market capitalization of $329.65 million, a PE ratio of 17.10 and a beta of 2.03.

Civeo (NYSE:CVEO) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.38). Civeo had a net margin of 3.00% and a return on equity of 0.11%. The firm had revenue of $176.34 million during the quarter, compared to the consensus estimate of $172.59 million. During the same quarter last year, the firm posted $0.61 earnings per share. Equities research analysts anticipate that Civeo Co. will post -0.58 EPS for the current fiscal year.

Civeo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 4.18%. Civeo’s dividend payout ratio is currently 71.43%.

Institutional Trading of Civeo

Several institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Civeo during the third quarter valued at $68,000. Quent Capital LLC bought a new stake in Civeo during the 3rd quarter valued at approximately $100,000. Aristides Capital LLC bought a new stake in Civeo during the 2nd quarter valued at approximately $213,000. State Street Corp acquired a new position in Civeo in the 3rd quarter valued at approximately $222,000. Finally, XTX Topco Ltd acquired a new position in Civeo in the 3rd quarter valued at approximately $231,000. Institutional investors and hedge funds own 81.44% of the company’s stock.

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.