Civeo Co. (CVEO) Insider Peter Mccann Sells 16,506 Shares

Civeo Co. (NYSE:CVEO) insider Peter Mccann sold 16,506 shares of the company’s stock in a transaction dated 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 owns 116,694 shares in the company, valued at approximately $371,086.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Civeo Co. (NYSE:CVEO) traded down $0.13 during trading hours on Wednesday, reaching $3.39. The company’s stock had a trading volume of 236,942 shares, compared to its average volume of 1,026,220. The company has a market cap of $431.14, a PE ratio of -5.60 and a beta of 4.91. Civeo Co. has a 12-month low of $1.57 and a 12-month 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.

Several research analysts recently issued reports on the stock. ValuEngine upgraded shares of Civeo from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada set a $3.00 price target on shares of Civeo and gave the stock a “hold” rating in a research report on Thursday, December 21st. Finally, BidaskClub upgraded shares of Civeo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $4.17.

A number of large investors have recently made changes to their positions in CVEO. Ramsey Quantitative Systems bought a new stake in Civeo during the 4th quarter worth about $125,000. M&T Bank Corp raised its holdings in Civeo by 3.8% during the 2nd 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 during the last quarter. Alpine Woods Capital Investors LLC bought a new stake in Civeo during the 3rd quarter worth about $171,000. Wells Fargo & Company MN raised its holdings in Civeo by 116.7% during the 2nd 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 during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Civeo during the 4th quarter worth about $218,000. 79.35% of the stock is owned by hedge funds and other institutional investors.

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Civeo Company Profile

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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