Civeo (NYSE:CVEO) Shares Cross Below 200-Day Moving Average – What’s Next?

Civeo Co. (NYSE:CVEO)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.24 and traded as low as $20.93. Civeo shares last traded at $21.67, with a volume of 93,179 shares.

Analyst Ratings Changes

Separately, StockNews.com lowered Civeo from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 29th.

Civeo Stock Performance

The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $23.86 and its 200-day moving average price is $25.24. The firm has a market cap of $298.46 million, a price-to-earnings ratio of 15.48 and a beta of 2.00.

Civeo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Monday, February 24th. Civeo’s payout ratio is -80.00%.

Institutional Trading of Civeo

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in Civeo by 3.4% during the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider’s stock worth $41,767,000 after buying an additional 50,400 shares during the last quarter. TCW Group Inc. boosted its holdings in shares of Civeo by 4.2% in the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider’s stock valued at $17,727,000 after acquiring an additional 31,157 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Civeo by 3.2% in the fourth quarter. Renaissance Technologies LLC now owns 659,648 shares of the business services provider’s stock valued at $14,987,000 after acquiring an additional 20,200 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Civeo by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 517,457 shares of the business services provider’s stock worth $11,756,000 after acquiring an additional 35,648 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Civeo by 15.9% in the 4th quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider’s stock valued at $9,043,000 after acquiring an additional 54,532 shares during the period. Institutional investors and hedge funds own 81.44% of the company’s stock.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.