Recent meaningful negative changes in fundamentals have impacted Civeo Corp (NYSE: CVEO): the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Civeo Corp (NYSE: CVEO) suffers from exceptional negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Civeo has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Civeo has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 38, triggering the Negative Value Trend Rating.
Recent Price Action
Civeo Corp (NYSE: CVEO) stock closed at $22.88 on 12/5/24 after a modest decline of -1.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 206% of normal. The stock has declined -2.3% during the last week and has performed in line with the market over the last nine months.
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