Civeo Co. (NYSE:CVEO) Short Interest Update

Civeo Co. (NYSE:CVEO) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 89,900 shares, a growth of 45.9% from the October 15th total of 61,600 shares. Based on an average trading volume of 52,400 shares, the short-interest ratio is presently 1.7 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CVEO. Quantbot Technologies LP purchased a new stake in shares of Civeo in the 3rd quarter valued at about $68,000. Quent Capital LLC purchased a new stake in Civeo in the third quarter valued at approximately $100,000. SG Americas Securities LLC bought a new stake in Civeo during the second quarter valued at approximately $128,000. State Street Corp purchased a new position in Civeo in the 3rd quarter worth approximately $222,000. Finally, XTX Topco Ltd purchased a new position in Civeo in the 3rd quarter worth approximately $231,000. 81.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

CVEO has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 target price (up previously from $31.00) on shares of Civeo in a research report on Wednesday, July 31st. StockNews.com downgraded shares of Civeo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st.

Civeo Stock Performance

Shares of NYSE CVEO traded down $0.55 during mid-day trading on Friday, hitting $24.93. The company had a trading volume of 47,075 shares, compared to its average volume of 51,748. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. Civeo has a 1 year low of $21.44 and a 1 year high of $28.92. The company has a market capitalization of $343.29 million, a price-to-earnings ratio of 17.81 and a beta of 2.06. The stock’s 50-day moving average price is $27.17 and its 200-day moving average price is $25.88.

Civeo (NYSE:CVEO) last issued its earnings results on Wednesday, October 30th. The business services provider reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.38). Civeo had a return on equity of 0.11% and a net margin of 3.00%. The company had revenue of $176.34 million during the quarter, compared to the consensus estimate of $172.59 million. During the same quarter in the prior year, the business earned $0.61 EPS. On average, sell-side analysts forecast that Civeo will post -0.58 earnings per share for the current year.

Civeo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Monday, November 25th. Civeo’s dividend payout ratio (DPR) is presently 71.43%.

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.