Civeo Co. (NYSE:CVEO) Insider Sells $52,489.08 in Stock

Civeo Co. (NYSE:CVEO) insider Peter Mccann sold 16,506 shares of Civeo stock in a transaction on Sunday, February 11th. The stock was sold at an average price of $3.18, for a total transaction of $52,489.08. Following the transaction, the insider now directly owns 116,694 shares of the company’s stock, valued at $371,086.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Civeo Co. (NYSE:CVEO) traded down $0.05 on Wednesday, hitting $3.29. 205,208 shares of the stock were exchanged, compared to its average volume of 967,158. The stock has a market capitalization of $445.69, a price-to-earnings ratio of -5.57 and a beta of 4.91. Civeo Co. has a 1 year low of $1.57 and a 1 year high of $3.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.09 and a quick ratio of 2.02.

CVEO has been the subject of several recent analyst reports. BidaskClub raised shares of Civeo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. ValuEngine raised shares of Civeo from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada set a $3.00 price objective on shares of Civeo and gave the stock a “hold” rating in a research note on Thursday, December 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $4.17.

Several institutional investors and hedge funds have recently modified their holdings of CVEO. Ramsey Quantitative Systems bought a new position in Civeo in the fourth quarter worth about $125,000. M&T Bank Corp raised its holdings in Civeo by 3.8% in the second quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock worth $141,000 after purchasing an additional 2,445 shares in the last quarter. Alpine Woods Capital Investors LLC bought a new position in Civeo in the third quarter worth about $171,000. Wells Fargo & Company MN raised its holdings in Civeo by 116.7% in the second quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock worth $189,000 after purchasing an additional 48,529 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Civeo in the fourth quarter worth about $218,000. 80.55% of the stock is owned by hedge funds and other institutional investors.

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About Civeo

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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