Civeo (NYSE:CVEO) Shares Cross Above 200-Day Moving Average – Time to Sell?

01 Nov 2026, 07:41 by Scott Moore · The Cerbat Gem

Civeo Corporation (NYSE:CVEO – Get Free Report) shares crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $30.99 and traded as high as $38.06. Civeo shares last traded at $35.95, with a volume of 1,092,083 shares changing hands.

Key Headlines Impacting Civeo

Here are the key news stories impacting Civeo this week:

Positive Sentiment: Q3 earnings beat expectations: Civeo reported adjusted earnings of $0.50 per share, versus the consensus estimate for a $0.27 loss and a $0.04 loss in the year-ago quarter. Revenue rose to $193.1 million, exceeding the $174.1 million analyst expectation. Civeo Tops Q3 Earnings and Revenue Estimates
Positive Sentiment: Improved operating performance: Third-quarter revenue increased 13% year over year, adjusted EBITDA rose 5%, and operating cash flow nearly doubled to $26.4 million. Canadian revenue climbed 38%, supported by stronger-than-expected turnaround activity. Civeo Reports Third Quarter 2026 Results
Positive Sentiment: 2026 outlook raised: Civeo increased its full-year 2026 sales guidance to a level above analyst estimates, reinforcing expectations for continued demand and providing a key reason for the positive investor reaction. Why Civeo Shares Are Trading Higher
Neutral Sentiment: Despite the quarterly improvement, Civeo continues to report a negative net margin and negative return on equity, while analysts still expect a full-year loss. The company’s debt-to-equity ratio also remains elevated, so investors may focus on whether the earnings improvement is sustainable. Civeo Q3 2026 Earnings Call Transcript

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James Financial lowered Civeo from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 1st. Roth Capital started coverage on Civeo in a research note on Thursday, October 1st. They set a “buy” rating and a $39.00 price target on the stock. Weiss Ratings raised Civeo from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 31st. Finally, Northland Securities started coverage on Civeo in a research note on Thursday, October 1st. They issued an “outperform” rating and a $42.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.25.

Get Our Latest Research Report on Civeo

Civeo Price Performance

The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.81 and a current ratio of 1.89. The stock has a market capitalization of $371.72 million, a PE ratio of -57.06 and a beta of 0.71. The stock’s 50 day moving average is $32.28 and its two-hundred day moving average is $30.99.

Civeo (NYSE:CVEO – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The business services provider reported $0.50 EPS for the quarter, topping the consensus estimate of ($0.27) by $0.77. Civeo had a negative return on equity of 4.62% and a negative net margin of 1.08%. The firm had revenue of $193.10 million during the quarter, compared to analysts’ expectations of $174.05 million. On average, equities analysts anticipate that Civeo Corporation will post -1.00 EPS for the current fiscal year.

Institutional Investors Weigh In On Civeo

Hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP acquired a new stake in Civeo in the 2nd quarter valued at about $217,000. OMERS ADMINISTRATION Corp purchased a new position in Civeo in the 1st quarter worth approximately $217,000. Bank of New York Mellon Corp acquired a new position in shares of Civeo during the 2nd quarter worth approximately $1,032,000. Sei Investments Co. boosted its holdings in shares of Civeo by 104.2% during the 1st quarter. Sei Investments Co. now owns 71,487 shares of the business services provider’s stock worth $1,892,000 after purchasing an additional 36,487 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Civeo by 12.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 126,478 shares of the business services provider’s stock worth $3,347,000 after purchasing an additional 13,564 shares during the last quarter. 81.44% of the stock is currently owned by institutional investors and hedge funds.

About Civeo

(Get Free Report)

Civeo Corporation is a provider of workforce accommodations and related services for the natural resources and other industries that operate in remote locations. The company develops, owns and operates workforce villages, lodges and other lodging facilities designed to house employees and contractors near work sites.

Civeo’s services include room accommodations, food services, housekeeping, facility management, logistics and transportation support. Its facilities are used by customers in sectors such as oil and gas, mining, and infrastructure development, where temporary or long-term workforce housing is needed.