On Thursday, analysts from StockNews.com began covering Civeo for the first time in a research report distributed to customers and investors.
The brokerage firm recommended “buying” the company’s stock since the company is a provider of business services.
Thursday was NYSE’s first day: CVEO was available for trading, and the opening price was $19.60.
A market capitalization of $298.31 million and a beta value of 2.63 are both associated with the company.
The company has a price-to-earnings ratio of -50.26.
During this period, Civeo’s share price moved between a 52-week high of $36.88 and a 52-week low of $18.59.
A debt-to-equity ratio comes in at 0.34; a quick ratio at 1.14; a current ratio at 1.20; and a quick ratio at 1.14. Current market prices for the company’s stock are $30.69, higher than the stock’s 200-day moving average price of $29.39.
Constance B.
Moore, a director at Civeo, was responsible for a transaction on Monday, March 6, which resulted in the sale of 5,406 shares of the company’s stock.
The price per share was determined to be $23, and the total amount received for the sale of the shares was $124,338.00.
As a direct result of the transaction, the director now owns 29,340 shares of the company’s stock.
Based on the current market price, these shares are worth $674,820.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC. On February 8, significant shareholder Lance Torgerson sold 500,000 of the company’s shares to eliminate them and make room for new investments.
This was mentioned in one of the other Civeo news articles.
A total of sixteen million dollars worth of the stock was traded at an average price of thirty-two dollars per share, resulting in revenue for the company.
After the completion of the transaction, the company insider now has possession of 1,219,188 shares of the company, each of which has a value that has been adjusted to equal $39,014,016.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC. Constance B.
Moore, who served as a director of the company in addition to her other responsibilities, sold a total of 5,406 shares of the company’s stock on Monday, March 6. Following the sale of the shares at an average price of $23.00 per share, the total amount received from the sale was calculated to be 124,338.00 dollars.
After the completion of the transaction, the director is now the direct owner of 29,340 shares of the company’s stock.
The total value of these shares is approximately $674,820.
Disclosures related to the sale might be found in this website section.
Insiders now own 3.80% of the company’s total stock.
Several large investors have recently modified their holdings in CVEO to reflect their latest decisions.
During the fourth quarter, Bank of America Corp. (DE) increased the percentage of Civeo stock owned by 466.5%.
Bank of America Corp. (DE) now holds 1,082 shares after purchasing an additional 891 in the business services provider during the most recent quarter.
The value of Bank of America Corp.’s 1,082 shares of the company’s stock is $34,000.
In the fourth quarter, Dorsey Wright & Associates acquired a new investment in Civeo for approximately $38,000.
Throughout the first three months of the year, Lazard Asset Management LLC bought into Civeo for $55,000.
Parian Global Management LP increased its holdings in Civeo by increasing its investment during the third quarter by purchasing additional shares for nearly 101 thousand dollars.
Last but not least, during the first three months of this year, Acadian Asset Management LLC added 33.2% more Civeo stock to its holdings, bringing the total percentage of the company’s stock it possessed to a total of 100%.
After purchasing an additional 1,342 shares during the most recent quarter, Acadian Asset Management LLC now holds 5,387 shares of the publicly traded company that operates as a business services provider with a market cap of $124,000.
Most of the company’s stock is owned by institutional investors and hedge funds, accounting for 88.27% of the total.
The natural resource industry is served by Civeo Corporation, which offers labor accommodations, logistics, and facility management.
It is active in business areas specific to the United States of America, Australia, and Canada.
To assist oil sands workforces, other oil and natural gas drilling operations, mining operations, and other applications related to natural resource use, as well as efforts to provide disaster relief, the Canada section provides lodging options in the form of lodges, open camps, and mobile assets.
These lodging options can be found in various locations across the country.
These activities include oil and natural gas drilling, mining, and other natural resource-related applications.