CiveoCVEO
CVEO
About: Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatments, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.
Employees: 2,600
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
521% more call options, than puts
Call options by funds: $1.23M | Put options by funds: $198K
48% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 21
3.62% more ownership
Funds ownership: 76.16% [Q3] → 79.78% (+3.62%) [Q4]
9% less funds holding
Funds holding: 79 [Q3] → 72 (-7) [Q4]
17% less capital invested
Capital invested by funds: $300M [Q3] → $250M (-$50.3M) [Q4]
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
50% less funds holding in top 10
Funds holding in top 10: 2 [Q3] → 1 (-1) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$28
39%
upside
Avg. target
$28
39%
upside
High target
$28
39%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Stifel Stephen Gengaro 36% 1-year accuracy 37 / 104 met price target | 39%upside $28 | Buy Maintained | 15 Apr 2025 |
Financial journalist opinion
Based on 4 articles about CVEO published over the past 30 days
Neutral
Business Wire
2 days ago
Civeo Announces Limited Partnership with Six Nations of the Grand River Development Corporation to Launch CiveoSix
HOUSTON & EDMONTON, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) and Six Nations of the Grand River Development Corporation (“SNGRDC”), the economic development arm of the Six Nations community based in Southern Ontario, announced today a new limited partnership, CiveoSix. CiveoSix will deliver hospitality, food services, janitorial, and property maintenance services. “We are excited to expand our portfolio by partnering with Civeo to create sustainable economic opportunities for the.
Negative
Zacks Investment Research
1 week ago
Earnings Preview: Civeo (CVEO) Q1 Earnings Expected to Decline
Civeo (CVEO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Seeking Alpha
1 week ago
Civeo Corp.: Increased Demand And Focused Strategy Offer Growth Prospects
Civeo Corp. is positioned for growth despite recent Q4 earnings disappointments, driven by increased demand for oil and mining and a targeted strategy to address Canadian issues. The company focuses on providing accommodations in remote areas for energy and construction workers, with significant operations in Australia and Canada. Civeo is restructuring its Canadian operations to reduce dependency on oil sands and cut overhead costs, projecting a transition year in 2025.
Neutral
Business Wire
4 weeks ago
Civeo Corporation Announces New Share Repurchase Authorization
HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to 10% of its total common shares outstanding over the next twelve months. The Company recently completed its previous share repurchase authorization, which was announced on September 11, 2024 and covered 5% of the then total common shares outstanding. Since the Company instituted its share repurchase program.
Neutral
Business Wire
1 month ago
Civeo Acknowledges Receipt of Letter by Shareholder
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) acknowledges the recent shareholder letter issued by Engine Capital LP, a shareholder of the Company. Bradley J. Dodson, Civeo's President and Chief Executive Officer, said, “We appreciate the input of our shareholders and will closely review the letter. The Civeo Board and management team regularly review options to create long-term value, including our capital allocation priorities, cost structure and other opportuniti.
Neutral
Business Wire
1 month ago
Engine Capital Calls on Civeo's Board of Directors to Take Immediate Action to Close the Company's Valuation Gap
NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 9.8% of Civeo Corporation's (NYSE: CVEO) (“Civeo” or the “Company”) outstanding shares, today sent a letter to the Company's Board of Directors outlining several opportunities to close Civeo's significant valuation gap and unlock value for shareholders. The letter can be viewed and downloaded here. About Engine Capital Engine Capital LP is a value-oriented special situations f.
Neutral
Newsfile Corp
1 month ago
Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2024 Q4
Dallas, Texas--(Newsfile Corp. - February 28, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. Despite challenges in the Canadian Segment, CVEO remains a strong free cash flow generator, reporting $68.4M in FCF for FY24.
Neutral
Seeking Alpha
1 month ago
Civeo Corporation (CVEO) Q4 2024 Earnings Call Transcript
Civeo Corporation (NYSE:CVEO ) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Regan Nielsen - Vice President, Corporate Development & Investor Relations Bradley Dodson - President & Chief Executive Officer Collin Gerry - Chief Financial Officer & Treasurer Conference Call Participants Stephen Gengaro - Stifel Steve Ferazani - Sidoti Dave Storms - Stonegate Josh Jayne - Daniel Energy Partners Stephen Gengaro - Stifel Operator Greetings, and welcome to the Civeo Corporation Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Neutral
Zacks Investment Research
1 month ago
Compared to Estimates, Civeo (CVEO) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Civeo (CVEO) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
1 month ago
Civeo (CVEO) Reports Q4 Loss, Lags Revenue Estimates
Civeo (CVEO) came out with a quarterly loss of $0.88 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to earnings of $0.06 per share a year ago.
Charts implemented using Lightweight Charts™