Price Target Update on Civeo Corporation (NYSE:CVEO)

Civeo Corporation (NYSE:CVEO) stock is expected to deviate a maximum of $0.35 from the average target price of $3.75 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $4 and the most muted being $4.

Other Equity analysts have also commented on the company shares. Scotia Howard Weil upgrades their rating on the shares of Civeo Corporation (NYSE:CVEO). The current rating of the shares is Sector Outperform. The rating by the firm was issued on September 15, 2015.

Civeo Corporation (NYSE:CVEO): stock turned positive on Thursday. Though the stock opened at $1.91, the bulls momentum made the stock top out at $1.93 level for the day. The stock recorded a low of $1.86 and closed the trading day at $1.93, in the green by 2.66%. The total traded volume for the day was 2,365,409. The stock had closed at $1.88 in the previous days trading.

The company shares have dropped -40.32% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $3.42 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $1.97 and the 200 Day Moving Average price is recorded at $1.41. On the companys insider trading activities,The director of Civeo Corp, Lambert Martin sold 27,843 shares at $1.9 on May 16, 2016. The Insider selling transaction had a total value worth of $52,902. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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