Civeo (NYSE:CVEO) Stock

Civeo

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.

Civeo Corp

Stifel analyst Stephen Gengaro maintains Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) with a Buy and lowers the price target from $28 to $27.

News

Price Target

Analyst Ratings

CVEO

Stifel Maintains Buy on Civeo, Lowers Price Target to $27

Civeo Authorized An Increase To Previously Announced Share Repurchase Program, Increasing Authorization To Allow For The Repurchase Of Up To 20% Of Company's Total Shares (Up From 10%)

Civeo Says It Is Suspending The Company's Cash Dividend Previously Paid To Shareholders On A Quarterly Basis

Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) lowers FY2025 sales outlook from $630.00 million-$660.00 million to $620.00 million-$650.00 million vs $652.80 million estimate.

Guidance

Civeo Lowers FY2025 Sales Guidance from $630.00M-$660.00M to $620.00M-$650.00M vs $652.80M Est

Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) reported quarterly losses of $(0.72) per share which beat the analyst consensus estimate of $(0.80) by 10 percent. This is a 213.04 percent decrease over losses of $(0.23) per share from the same period last year. The company reported quarterly sales of $144.04 million which missed the analyst consensus estimate of $148.13 million by 2.76 percent. This is a 13.29 percent decrease over sales of $166.12 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Civeo Q1 EPS $(0.72) Beats $(0.80) Estimate, Sales $144.04M Miss $148.13M Estimate

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Earnings Scheduled For April 30, 2025

Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) will release its quarterly earnings report on Wednesday, 2025-04-30. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Civeo to report an earnings per share (EPS) of $-0.41.
Investors in Civeo are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
During the last quarter, the company reported an EPS missed by $0.96, leading to a 2.27% drop in the share price on the subsequent day.
Here's a look at Civeo's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.14</td>
<td>-0.02</td>
<td>0.21</td>
<td>-0.20</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-1.10</td>
<td>-0.36</td>
<td>0.56</td>
<td>-0.23</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>4.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1745957016_0.png" alt="eps graph" />
<h3>Civeo Share Price Analysis</h3>
Shares of Civeo were trading at $20.09 as of April 28. Over the last 52-week period, shares are down 16.55%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Observations about Civeo</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Civeo.
Civeo has received a total of 1 ratings from analysts, with the consensus rating as Buy. With an average one-year price target of $28.0, the consensus suggests a potential 39.37% upside.
<h3>Peer Ratings Overview</h3>
The analysis below examines the analyst ratings and average 1-year price targets of and Civeo, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<h3>Summary of Peers Analysis</h3>
The peer analysis summary provides a snapshot of key metrics for and Civeo, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Civeo</td>
<td>Buy</td>
<td>-11.62%</td>
<td>$28.11M</td>
<td>-5.81%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Civeo is positioned at the bottom among its peers based on consensus rating. It ranks at the bottom for revenue growth, showing a decline of 11.62%. In terms of gross profit, Civeo's performance is weak compared to its peers. Additionally, its return on equity is negative at -5.81%, indicating lower profitability compared to others in the group.
<h3>Discovering Civeo: A Closer Look</h3>
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.
<h3>Civeo: Financial Performance Dissected</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Civeo's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2024, the company experienced a revenue decline of approximately -11.62%. This indicates a decrease in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -9.98%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Civeo's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -5.81%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -3.41%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.21, Civeo adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/CVEO/earnings">To track all earnings releases for Civeo visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Civeo's Earnings Outlook

Stifel analyst Stephen Gengaro maintains Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) with a Buy and lowers the price target from $30 to $28.

Stifel Maintains Buy on Civeo, Lowers Price Target to $28

Civeo's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) short percent of float has risen 16.67% since its last report. The company recently reported that it has 184 thousand shares sold short, which is 1.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Civeo Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743705037_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Civeo has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Civeo's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Civeo's peer group average for short interest as a percentage of float is 5.61%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Do Investors Really Feel About Civeo?

Buybacks

Civeo Plans Repurchase Of Up To 10% Of Its Total Common Shares Outstanding Over Next Twelve Months

Hedge Funds

General

Civeo 9.8% Shareholder Engine Capital Says Board Should Eliminate Dividend, 'Aggressively' Repurchase Shares, Target 1.75x Leverage Ratio And Reduce Costs To Deliver ~$47/Share For Shareholders In Standalone Scenario

WIIM

Civeo shares are trading lower after the company reported worse-than-expected Q4 financial results and issued FY25 revenue guidance below estimates.

Full Year 2025 Guidance
For the full year of 2025, excluding any contribution from the recently announced Australian asset acquisition, Civeo expects revenues of $630.0 million to $660.0 million, Adjusted EBITDA of $80.0 million to $90.0 million and capital expenditures of $25.0 million to $30.0 million. This guidance takes into account the recent reduction in currency exchange rates experienced since late 2024.
The Company expects the recently announced Australian asset acquisition to be completed by the end of the second quarter of 2025, subject to regulatory approvals and customary conditions, and we will provide updated 2025 guidance upon completion.

Civeo 2025 Outlook: Expects Revenue Of $630M-$660M Vs. $719.51M Est.; Sees Adjusted EBITDA Of $80M-$90M

Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) reported quarterly losses of $(1.10) per share which missed the analyst consensus estimate of $(0.27) by 307.41 percent. This is a 170.97 percent decrease over earnings of $1.55 per share from the same period last year. The company reported quarterly sales of $150.95 million which missed the analyst consensus estimate of $162.43 million by 7.07 percent. This is a 11.62 percent decrease over sales of $170.80 million the same period last year.

Civeo Q4 2024 GAAP EPS $(1.10) Misses $(0.27) Estimate, Sales $150.95M Miss $162.43M Estimate

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Earnings Scheduled For February 27, 2025

Civeo shares are trading higher after the company announced it acquired four mining villages in the Bowen Basin for $67 million.

Highlights:
<ul>
<li>Transaction expands Civeo's Australian owned-village portfolio in the world's premier metallurgical coal basin, the Bowen Basin;</li>
<li>Civeo enters the Blackwater region, extending its unmatched presence and capabilities across the wider Bowen Basin;</li>
<li>Solid contract coverage with new and existing, blue-chip, metallurgical coal producers under take-or-pay contracts;</li>
<li>Civeo will purchase the four villages for A$105 million, or approximately US$67 million, funded with cash on hand and borrowings under the Company's existing credit agreement; and</li>
<li>Expects annualized revenue and EBITDA of approximately A$50 million and A$27 million, or approximately US$32 million and US$17 million, respectively.</li>
</ul>

Civeo Acquires Four Mining Villages In Bowen Basin For $67M, Expanding Its Workforce Accommodation Portfolio In Australia

Civeo's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) short percent of float has risen 55.38% since its last report. The company recently reported that it has 95 thousand shares sold short, which is 1.01% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.84 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Civeo Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737992721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Civeo has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Civeo's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Civeo's peer group average for short interest as a percentage of float is 5.31%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Civeo's Recent Short Interest

The new contract will incorporate catering and retail services; village, mine and port site cleaning services; facilities maintenance; and the provision of health and wellbeing solutions.
It is anticipated the six-year contract will generate approximately A$1.4B in revenues over the 2025-2030 contract period. Civeo has been operating the four additional villages under a Limited Notice To Proceed agreement since the second quarter of 2024.

Reported Earlier, Civeo Renews A$1.4B Integrated Services Contract With Broader Scope In Australia

Civeo's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) short percent of float has fallen 13.33% since its last report. The company recently reported that it has 61 thousand shares sold short, which is 0.65% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Civeo Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736434818_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Civeo has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Civeo's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Civeo's peer group average for short interest as a percentage of float is 4.71%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(CVEO) - Analyzing Civeo's Short Interest

Press Releases

Civeo Announces Quarterly Dividend

Civeo Announces Fourth Quarter 2024 Earnings Conference Call

Civeo to Acquire Four Villages in Australian Bowen Basin

Civeo Reports Fourth Quarter and Full Year 2024 Results

Engine Capital Calls on Civeo's Board of Directors to Take Immediate Action to Close the Company's Valuation Gap

Comments

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