Civeo Co. (NYSE:CVEO) insider Peter Mccann sold 30,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $3.68, for a total value of $110,400.00. Following the completion of the sale, the insider now owns 81,914 shares of the company’s stock, valued at $301,443.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Peter Mccann also recently made the following trade(s):
- On Wednesday, February 21st, Peter Mccann sold 11,727 shares of Civeo stock. The shares were sold at an average price of $3.29, for a total value of $38,581.83.
- On Sunday, February 11th, Peter Mccann sold 16,506 shares of Civeo stock. The shares were sold at an average price of $3.18, for a total value of $52,489.08.
Civeo Co. (CVEO) traded up $0.07 during trading on Thursday, reaching $3.62. The company’s stock had a trading volume of 492,072 shares, compared to its average volume of 984,547. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 1.75. Civeo Co. has a 52 week low of $1.57 and a 52 week high of $3.81. The stock has a market capitalization of $481.62, a PE ratio of -4.48 and a beta of 4.91.
A number of equities research analysts have commented on CVEO shares. BidaskClub upgraded Civeo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Royal Bank of Canada set a $3.00 price target on Civeo and gave the company a “hold” rating in a research note on Thursday, December 21st. Finally, ValuEngine upgraded Civeo from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $4.50.
Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Civeo by 656.7% in the third quarter. JPMorgan Chase & Co. now owns 135,530 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 117,620 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Civeo by 36.9% in the second quarter. Goldman Sachs Group Inc. now owns 195,752 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 52,742 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Civeo in the third quarter valued at about $325,000. Kirr Marbach & Co. LLC IN acquired a new position in shares of Civeo in the fourth quarter valued at about $527,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Civeo by 82.0% in the third quarter. GSA Capital Partners LLP now owns 424,207 shares of the business services provider’s stock valued at $1,209,000 after purchasing an additional 191,100 shares during the period. 80.55% of the stock is currently owned by institutional investors and hedge funds.
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Civeo Company Profile
Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.
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