Scotia Howard Weil Upgrades Civeo Corporation (Canada) to Sector Outperform

Brokerage firm Scotia Howard Weil Upgrades its rating on Civeo Corporation (Canada)(NYSE:CVEO). The shares have been rated Sector Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by Scotia Howard Weil was issued on Jun 22, 2016.

Civeo Corporation (Canada) (CVEO) shares turned negative on Mondays trading session with the shares closing down -0.09 points or -5.00% at a volume of 20,31,627. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.86. The peak price level was also seen at $1.86 while the days lowest was $1.7. Finally the shares closed at $1.71. The 52-week high of the shares is $3.2401 while the 52-week low is $0.747. According to the latest information available, the market cap of the company is $184 M.

Civeo Corporation (Canada)(CVEO) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $95.04M. Analysts had an estimated revenue of $101.00M. Earnings per share were $-0.19. Analysts had estimated an EPS of $-0.16.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Martin Lambert (director) sold 27,843 shares at $1.90 per share price.Also, On Mar 7, 2016, Peter Mccann (officer ) sold 27,414 shares at $1.27 per share price.On Oct 2, 2015, Bradley J Dodson (director officer ) purchased 70,000 shares at $1.54 per share price, according to the Form-4 filing with the securities and exchange commission.

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