Brokers Set Expectations for Civeo’s Q1 Earnings (NYSE:CVEO)

Civeo Corporation (NYSE:CVEO) – Research analysts at Sidoti issued their Q1 2027 earnings per share estimates for Civeo in a note issued to investors on Friday, April 24th. Sidoti analyst S. Ferazani forecasts that the business services provider will post earnings of ($0.45) per share for the quarter. The consensus estimate for Civeo’s current full-year earnings is ($0.70) per share. Sidoti also issued estimates for Civeo’s Q2 2027 earnings at $0.42 EPS, Q3 2027 earnings at $0.42 EPS and Q4 2027 earnings at ($0.11) EPS.

Civeo (NYSE:CVEO) last announced its quarterly earnings results on Tuesday, March 3rd. The business services provider reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.15). The company had revenue of $161.62 million during the quarter, compared to analysts’ expectations of $170.17 million. Civeo had a negative net margin of 3.14% and a negative return on equity of 10.20%.

Several other brokerages have also recently weighed in on CVEO. Stifel Nicolaus lifted their price target on Civeo from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Civeo in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Civeo currently has an average rating of “Hold” and an average price target of $37.00.

Civeo Price Performance

Shares of NYSE CVEO opened at $31.37 on Tuesday. The stock has a market cap of $343.21 million, a PE ratio of -19.98 and a beta of 0.65. Civeo has a fifty-two week low of $18.01 and a fifty-two week high of $31.95. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.47 and a current ratio of 1.54. The stock has a fifty day moving average of $28.39 and a 200-day moving average of $25.17.

Insider Buying and Selling at Civeo

In other Civeo news, major shareholder Engine Capital Management, Lp sold 9,169 shares of Civeo stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $29.03, for a total transaction of $266,176.07. Following the completion of the sale, the insider owned 65,461 shares of the company’s stock, valued at $1,900,332.83. The trade was a 12.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Peter Mccann sold 4,000 shares of Civeo stock in a transaction dated Friday, March 6th. The stock was 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 of the company’s stock, valued at approximately $1,458,978.88. This trade represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 430,184 shares of company stock valued at $12,390,768 in the last three months. 6.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Civeo

Several hedge funds have recently added to or reduced their stakes in CVEO. Goldman Sachs Group Inc. bought a new stake in shares of Civeo in the 1st quarter valued at about $204,000. Empowered Funds LLC lifted its stake in shares of Civeo by 5.5% in the 1st quarter. Empowered Funds LLC now owns 106,318 shares of the business services provider’s stock valued at $2,445,000 after acquiring an additional 5,570 shares during the last quarter. State of Wyoming bought a new stake in shares of Civeo in the 2nd quarter valued at about $66,000. Quent Capital LLC bought a new stake in shares of Civeo in the 3rd quarter valued at about $79,000. Finally, Ritholtz Wealth Management lifted its stake in shares of Civeo by 29.4% in the 3rd quarter. Ritholtz Wealth Management now owns 41,914 shares of the business services provider’s stock valued at $964,000 after acquiring an additional 9,531 shares during the last quarter. Institutional investors own 81.44% of the company’s stock.

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.