Civeo Co. (NYSE:CVEO) Short Interest Update

Civeo Co. (NYSE:CVEO) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 95,300 shares, a growth of 55.2% from the December 15th total of 61,400 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 58,000 shares, the days-to-cover ratio is presently 1.6 days.

Hedge Funds Weigh In On Civeo

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its position in shares of Civeo by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 254,998 shares of the business services provider’s stock valued at $6,355,000 after buying an additional 46,633 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Civeo by 10.0% during the second quarter. Dimensional Fund Advisors LP now owns 439,427 shares of the business services provider’s stock worth $10,950,000 after acquiring an additional 39,987 shares during the last quarter. Bank of Montreal Can bought a new stake in Civeo during the second quarter worth approximately $947,000. Aristides Capital LLC purchased a new stake in Civeo during the second quarter valued at approximately $213,000. Finally, Quent Capital LLC bought a new stake in shares of Civeo in the 3rd quarter valued at approximately $100,000. Institutional investors own 81.44% of the company’s stock.

Civeo Price Performance

Shares of CVEO stock traded down $0.14 during trading hours on Friday, hitting $23.82. The stock had a trading volume of 40,339 shares, compared to its average volume of 47,767. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The stock has a market capitalization of $328.06 million, a price-to-earnings ratio of 17.02 and a beta of 1.99. Civeo has a one year low of $21.15 and a one year high of $28.92. The stock’s 50-day moving average price is $23.34 and its two-hundred day moving average price is $25.50.

Civeo (NYSE:CVEO) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.38). The firm had revenue of $176.34 million during the quarter, compared to the consensus estimate of $172.59 million. Civeo had a return on equity of 0.11% and a net margin of 3.00%. During the same period in the previous year, the firm earned $0.61 EPS. Equities analysts forecast that Civeo will post -0.58 EPS for the current year.

Civeo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Monday, November 25th. Civeo’s payout ratio is 71.43%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Civeo from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 29th.

About Civeo

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.