It is currently trading at $2.09 which is significantly below $2.53, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $2.29. The 50 day moving average went down by -17.45% and the 200 day average went down by -8.58%. (NYSE:CVEO) shares saw light trading volume with 600K shares changing hands by the end of trading on Tuesday. Volume was down 32.44% under the stocks average daily volume.
Short traders are more bullish on shares of the company if you take a look at the fall in short interest. The firm had a fall in short interest of -18.20% as of October 13, 2017 from the last reporting period. Short shares decreased from 1,320,150 to 1,079,898 over that timeframe. Days to cover increased from 1.0 to 2.0 and the short interest percentage is 0.01% as of October 13.
A few notable investment firms have updated their holdings. Parkwood LLC bolstered its ownership by buying 69,623 shares an increase of 20.6%. Parkwood LLC currently owns 407,314 shares worth $855,000. The total value of its holdings decreased 15.3%. Next Financial Group, Inc reduced its investment by shedding 24 shares a decrease of 7.5% as of 06/30/2017. Next Financial Group, Inc controls 296 shares valued at $1,000,000. The value of the position overall is up by 99,900.0%.
Arosa Capital Management Lp downsized its holdings by selling 3,556,681 shares a decrease of 80.3% from 03/31/2017 to 06/30/2017. Arosa Capital Management Lp now controls 875,064 shares with a value of $1,838,000. The total value of its holdings decreased 86.1%. As of the end of the quarter William Blair Investment Management, LLC had acquired 107,288 shares growing its position 10.5%. The value of the investment in CVEO went from $3,065,000 to $2,378,000 a change of 22.4% quarter to quarter.
In the latest earnings report the EPS was $-0.81 and is estimated to be $-0.54 for the current year with 132,249,000 shares outstanding. Next quarter’s EPS is estimated at $-0.12 with next year’s EPS anticipated to be $-0.41.
Civeo Corporation, launched on December 23, 2014, is an integrated provider of workforce accommodations, logistics and facility management services to the natural resource industry. The Business’s scalable modular facilities provide long-term and temporary accommodations. Once facilities are deployed in the field, it also provides catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications and redeployment logistics. It operates in three principal business segments: Canada, Australia and U.S..