Revenue Update on Civeo Corporation (Canada)(NYSE:CVEO)

Civeo Corporation (Canada)(NYSE:CVEO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $107.03M. Analysts estimated a revenue of $99.30M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.13.

In a different note, On Jun 22, 2016, Scotia Howard Weil said it Upgrades its rating on Civeo Corporation (Canada). The shares have been rated ‘Sector Outperform’ by the firm.

Civeo Corporation (Canada) (CVEO) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -1.45% at a volume of 3,95,622. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.4. The peak price level was also seen at $1.4 while the days lowest was $1.35. Finally the shares closed at $1.36. 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 $146 M.

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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