Royal Bank of Canada set a $3.00 price target on Civeo (NYSE:CVEO) in a report issued on Thursday. The brokerage currently has a hold rating on the business services provider’s stock.

A number of other brokerages have also commented on CVEO. BidaskClub lowered Civeo from a buy rating to a hold rating in a research note on Friday, October 27th. ValuEngine raised Civeo from a sell rating to a hold rating in a research note on Friday, September 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $4.17.

Civeo (NYSE:CVEO) opened at $2.33 on Thursday. Civeo has a one year low of $1.57 and a one year high of $3.73. The company has a market capitalization of $308.16, a P/E ratio of -3.82 and a beta of 4.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.02 and a current ratio of 2.09.

Several large investors have recently bought and sold shares of CVEO. Alps Advisors Inc. lifted its stake in shares of Civeo by 37.6% in the 2nd quarter. Alps Advisors Inc. now owns 62,857 shares of the business services provider’s stock valued at $132,000 after purchasing an additional 17,186 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Civeo by 3.8% in the 2nd quarter. M&T Bank Corp now owns 67,445 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 2,445 shares during the last quarter. Alpine Woods Capital Investors LLC bought a new stake in shares of Civeo in the 3rd quarter valued at approximately $171,000. Wells Fargo & Company MN lifted its stake in shares of Civeo by 116.7% in the 2nd quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 48,529 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Civeo in the 3rd quarter valued at approximately $325,000. 78.62% of the stock is owned by institutional investors and hedge funds.

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About Civeo

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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