Loop Capital Initiates Coverage on Civeo Corporation (Canada) to Buy

Loop Capital Initiates Coverage on Civeo Corporation (Canada)(NYSE:CVEO). The shares have been rated Buy. The rating by Loop Capital was issued on Sep 30, 2016.

Civeo Corporation (Canada) (CVEO) shares turned negative on Tuesdays trading session with the shares closing down -0.07 points or -5.93% at a volume of 2,96,078. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.2. The peak price level was also seen at $1.2 while the days lowest was $1.11. Finally the shares closed at $1.11. The 52-week high of the shares is $2.4 while the 52-week low is $0.747. According to the latest information available, the market cap of the company is $120 M.

Civeo Corporation (Canada)(CVEO) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $107.03M. Analysts had an estimated revenue of $99.30M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.13.

Several Insider Transactions has been reported to the SEC. On Aug 8, 2016, Peter Mccann (officer ) sold 11,448 shares at $1.37 per share price.Also, On May 17, 2016, Martin Lambert (director) sold 27,843 shares at $1.90 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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