Civeo (NYSE:CVEO) Given New $28.00 Price Target at Stifel Nicolaus

Civeo (NYSE:CVEO) had its price objective reduced by Stifel Nicolaus from $30.00 to $28.00 in a report released on Tuesday morning, Marketbeat reports. They currently have a buy rating on the business services provider’s stock.

Separately, StockNews.com lowered shares of Civeo from a “buy” rating to a “hold” rating in a research report on Monday, March 31st.

Civeo Stock Down 1.5 %

Shares of NYSE:CVEO opened at $19.74 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The firm has a market cap of $269.56 million, a price-to-earnings ratio of 14.10 and a beta of 1.54. The stock’s 50-day moving average price is $22.67 and its two-hundred day moving average price is $23.93. Civeo has a 12-month low of $18.99 and a 12-month high of $28.92.

Civeo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.07%. Civeo’s dividend payout ratio (DPR) is -80.00%.

Institutional Investors Weigh In On Civeo

Several institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in shares of Civeo during the 4th quarter valued at $94,000. SG Americas Securities LLC lifted its stake in shares of Civeo by 42.4% during the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock worth $149,000 after purchasing an additional 1,950 shares in the last quarter. State Street Corp purchased a new stake in shares of Civeo in the third quarter worth about $222,000. XTX Topco Ltd purchased a new stake in shares of Civeo during the 3rd quarter valued at about $231,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Civeo during the 4th quarter valued at about $386,000. 81.44% of the stock is currently owned by hedge funds and other institutional investors.

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.