CVEO Stock Summary and Trading Ideas (Civeo (Canada) Common Shares | NYSE:CVEO)

Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatments, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.

Civeo (Canada) Common Shares trades on the NYSE stock market under the symbol CVEO.

As of May 13, 2024, CVEO stock price climbed to $24.83 with 35,329 million shares trading.

CVEO has a beta of 0.43, meaning it tends to be less sensitive to market movements. CVEO has a correlation of 0.03 to the broad based SPY ETF.

CVEO has a market cap of $363.11 million. This is considered a Small Cap stock.

Last quarter Civeo (Canada) Common Shares reported $166 million in Revenue and -$.23 earnings per share. This beat revenue expectation by $11 million and missed earnings estimates by -$.03.

In the last 3 years, CVEO stock traded as high as $36.88 and as low as $15.25.

The top ETF exchange traded funds that CVEO belongs to (by Net Assets): AVUV, BSVO, DFAT, PRFZ, DFSV.

CVEO has underperformed the market in the last year with a price return of +23.8% while the SPY ETF gained +27.9%. However, in the short term, CVEO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.7% vs +4.3% return in SPY. But in the last 2 weeks, CVEO shares have been beat by the market, returning -0.7% compared to an SPY return of +2.6%.

CVEO support price is $24.25 and resistance is $25.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CVEO stock will trade within this expected range on the day.