Civeo Corp (NASDAQ: CVEO) Stocks Generating Improved Relative Strength

Civeo Corp day trading at USD 0.56 per share, then rallying to 0.59 and closing at USD 0.5795 per share. A net gain of 3.48% for the day. Long term pricing analysis shows the stock trading at 67.41% lower than it’s 52week high and -61.76% higher than the 52week low. The share volume traded for the day was 825K which was 1 times the 50 Day Average Volume.

Civeo Corp had a market cap of 98,885K as of 4th June 2020. The Earnings Per Share (EPS) for Q4 2019 is $-1.13

Civeo Corp is an American accommodation service multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.

Financial Results

Civeo Corp Reports First Quarter Of Fiscal 2020.

  • Reported first-quarter revenues of $138.8 million, a net loss of $146.5 million and operating cash flow of $20.8 million; the net loss for the first quarter of 2020 included the impact of approximately $144.1 million in non-cash goodwill and asset impairments
  • Delivered first quarter Adjusted EBITDA of $20.3 million, and free cash flow of $18.3 million
  • Reduced leverage ratio from 2.98x as of December 31, 2019, to 2.54x as of March 31, 2020

Civeo Corp (4th June 2020): The Institutional Ownership as of today stood at 65.17% and the Total Value of Holdings (millions) is $ 59.

New Institutional Holders and other activity – As of today, the total number of shares held is 111,201,085 by 94 institutional holders.


4-June-2020:- Weber Alan W Increases Stake in Civeo Corp (NYSE: CVEO)

Weber Alan W increased its position in shares of Civeo Corp (NYSE: CVEO) by 60.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,125,000 shares of the business services provider’s stock after buying an additional 799,800 shares during the period.

10-May-2020:- Civeo (NYSE: CVEO) Shares Up 9.4% Following Strong Earnings – Modern Readers

Shares of Civeo Corp (NYSE: CVEO) shot up 9.4% during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $0.57 and last traded at $0.55, 344,957 shares changed hands during trading. A decline of 45% from the average session volume of 628,730 shares.

7-May-2020:- Civeo Reports First Quarter 2020 Results

In the first quarter of 2020, Civeo generated revenues of $138.8 million and reported a net loss of $146.5 million, or $0.87 per diluted share. The loss results in part from $144.1 million in costs associated with goodwill and asset impairments. During the first quarter of 2020, Civeo produced operating cash flow of $20.8 million, Adjusted EBITDA of $20.3 million and free cash flow of $18.3 million.

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