Civeo Corporation (NYSE:CVEO) Stock Has Average Target Price of $42.25

Civeo Corporation (NYSE:CVEO) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $42.25.

CVEO has been the topic of several research analyst reports. Northland Securities initiated coverage on Civeo in a research note on Thursday, October 1st. They set an “outperform” rating and a $42.00 price target on the stock. Roth Capital started coverage on Civeo in a report on Thursday, October 1st. They issued a “buy” rating and a $39.00 price objective on the stock. Weiss Ratings raised shares of Civeo from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 31st. Finally, Raymond James Financial cut shares of Civeo from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 1st.

Civeo Stock Performance

Shares of NYSE CVEO opened at $35.95 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48. The company has a 50 day simple moving average of $32.28 and a two-hundred day simple moving average of $30.99. Civeo has a 12 month low of $20.59 and a 12 month high of $38.06. The stock has a market cap of $371.62 million, a price-to-earnings ratio of -57.06 and a beta of 0.71.

Civeo (NYSE:CVEO) last announced its earnings results on Thursday, October 29th. The business services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.77. The company had revenue of $193.10 million during the quarter, compared to analyst estimates of $174.05 million. Civeo had a negative net margin of 1.08% and a negative return on equity of 4.77%. As a group, analysts predict that Civeo will post -1.00 earnings per share for the current year.

Key Stories Impacting Civeo

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Q3 earnings beat expectations: Civeo reported adjusted earnings of $0.50 per share, versus the consensus estimate for a $0.27 loss and a $0.04 loss in the year-ago quarter. Revenue rose to $193.1 million, exceeding the $174.1 million analyst expectation. Civeo Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Improved operating performance: Third-quarter revenue increased 13% year over year, adjusted EBITDA rose 5%, and operating cash flow nearly doubled to $26.4 million. Canadian revenue climbed 38%, supported by stronger-than-expected turnaround activity. Civeo Reports Third Quarter 2026 Results
• Positive Sentiment: 2026 outlook raised: Civeo increased its full-year 2026 sales guidance to a level above analyst estimates, reinforcing expectations for continued demand and providing a key reason for the positive investor reaction. Why Civeo Shares Are Trading Higher
• Neutral Sentiment: Despite the quarterly improvement, Civeo continues to report a negative net margin and negative return on equity, while analysts still expect a full-year loss. The company’s debt-to-equity ratio also remains elevated, so investors may focus on whether the earnings improvement is sustainable. Civeo Q3 2026 Earnings Call Transcript

Institutional Trading of Civeo

Several large investors have recently modified their holdings of CVEO. Engineers Gate Manager LP acquired a new position in shares of Civeo in the 2nd quarter worth approximately $217,000. Bank of New York Mellon Corp bought a new stake in shares of Civeo during the second quarter worth $1,032,000. OMERS ADMINISTRATION Corp acquired a new stake in Civeo in the 1st quarter valued at $217,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Civeo by 12.0% in 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 purchasing an additional 13,564 shares during the period. Finally, Sei Investments Co. raised its holdings in Civeo by 104.2% in 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. 81.44% of the stock is owned by institutional investors.

Civeo Company Profile

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.