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Civeo (CVEO) Gets a Buy from Stifel Nicolaus

Tipranks - Thu Mar 5, 6:30AM CST

In a report released today, Stephen Gengaro from Stifel Nicolaus maintained a Buy rating on Civeo, with a price target of $37.00.

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According to TipRanks, Gengaro is a 5-star analyst with an average return of 20.7% and a 55.35% success rate. Gengaro covers the Energy sector, focusing on stocks such as Baker Hughes Company, Liberty Energy, and Halliburton.

Currently, the analyst consensus on Civeo is a Moderate Buy with an average price target of $37.00.

Based on Civeo’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $161.62 million and a GAAP net loss of $6.46 million. In comparison, last year the company earned a revenue of $150.95 million and had a GAAP net loss of $15.07 million

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVEO in relation to earlier this year.

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