Analyst Rating Update on Civeo Corporation (CVEO)

Civeo Corporation (NYSE:CVEO) : Zacks Investment Research ranks Civeo Corporation (NYSE:CVEO) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 2 research analysts is 1, which indicates as a Strong Buy.

Civeo Corporation (NYSE:CVEO) : Average target price received by Civeo Corporation (NYSE:CVEO) is $3.75 with an expected standard deviation of $0.35. The most aggressive target on the stock is $4, whereas the most downbeat target is $4. 2 financial analysts are currently covering the stock.

For this week, the average consensus of the company shares are rated as a Strong Buy. Also, Equity Analysts at the Brokerage Firm, Scotia Howard Weil, upgrades their rating on the shares of Civeo Corporation (NYSE:CVEO). Scotia Howard Weil has a Sector Outperform rating on the shares. Previously, the analysts had a Sector Perform rating on the shares. The rating by the firm was issued on June 22, 2016.

Civeo Corporation (NYSE:CVEO): stock turned positive on Tuesday. Though the stock opened at $1.74, the bulls momentum made the stock top out at $1.89 level for the day. The stock recorded a low of $1.74 and closed the trading day at $1.77, in the green by 3.51%. The total traded volume for the day was 926,663. The stock had closed at $1.71 in the previous days trading.

In an insider trading activity, The director, of Civeo Corp, Lambert Martin had unloaded 27,843 shares at $1.9 per share in a transaction on May 16, 2016. The total value of transaction was $52,902. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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