Civeo Co. (NYSE:CVEO) Short Interest Update

Civeo Co. (NYSE:CVEO) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 95,300 shares, an increase of 55.2% from the December 15th total of 61,400 shares. Based on an average daily volume of 58,000 shares, the short-interest ratio is currently 1.6 days. Approximately 0.8% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in Civeo by 3.4% in the third quarter. FMR LLC now owns 1,524,352 shares of the business services provider’s stock worth $41,767,000 after purchasing an additional 50,400 shares during the period. State Street Corp bought a new stake in shares of Civeo during the 3rd quarter valued at $222,000. Meros Investment Management LP purchased a new stake in shares of Civeo in the 3rd quarter worth about $2,332,000. Royce & Associates LP increased its stake in shares of Civeo by 19.0% in the 3rd quarter. Royce & Associates LP now owns 93,931 shares of the business services provider’s stock worth $2,574,000 after acquiring an additional 15,002 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in 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 acquiring an additional 46,633 shares during the period. Institutional investors own 81.44% of the company’s stock.

Civeo Trading Down 0.6 %

Shares of Civeo stock traded down $0.14 during midday trading on Friday, reaching $23.82. 40,339 shares of the company’s stock traded hands, compared to its average volume of 47,767. The company has a market cap of $328.06 million, a PE ratio of 17.02 and a beta of 1.99. The stock has a 50 day moving average of $23.34 and a 200-day moving average of $25.50. Civeo has a 12 month low of $21.15 and a 12 month high of $28.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36.

Civeo (NYSE:CVEO) last issued its quarterly earnings data 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 last year, the company posted $0.61 earnings per share. As a group, equities analysts expect that Civeo will post -0.58 EPS for the current fiscal year.

Civeo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 25th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.20%. Civeo’s dividend payout ratio (DPR) is 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.