CVEO Stock Recent News

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30th, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the third quarter 2024, which will be released before the market opens on Wednesday, October 30, 2024. By Phone: Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and.

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) announced today that its Board of Directors has renewed its share repurchase authorization for the Company to repurchase up to 5% of its total common shares outstanding over the next twelve months. Civeo may repurchase shares through open market repurchases and/or privately negotiated transactions, and intends to fund repurchases through cash on hand and cash generated from operations. The timing, price and quantity of.

Civeo Corporation, a niche accommodation service provider for remote natural resource extraction, remains a 'strong buy' due to its undervalued stock and significant upside potential. Despite challenges in Canada, Civeo's revenue grew 5.5% year-over-year, driven by strong performance in Australia and effective cost management. Management's debt reduction efforts are impressive, with net debt falling from $166.9 million in 2021 to $40.1 million in Q2 2024.

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today the completion of an amendment and extension to its credit agreement which encompasses all of Civeo's outstanding debt structure of three revolving credit facilities. The following are key aspects of the amended credit agreement: Extends the maturity date of the credit agreement to August 2028; Upsizes total revolving credit facility capacity to $245 million from $200 million; and Reduces borrowing costs.

Dallas, Texas--(Newsfile Corp. - July 31, 2024) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. To view the full announcement, including downloadable images, bios, and more, click here.

While the top- and bottom-line numbers for Civeo (CVEO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Civeo (CVEO) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.30 per share a year ago.

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its second quarter 2024 earnings conference call for Tuesday, July 30th, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the second quarter 2024, which will be released before the market opens on Tuesday, July 30, 2024. By Phone: Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for.

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (“Civeo” or the “Company”) (NYSE:CVEO) today announced the appointment of Andrew “Andy” S. Fraser, a dynamic and experienced leader, as President, Canada, effective August 19, 2024. He succeeds Al Schoening, Senior Vice President, Canada, who will retire after serving 13 years at Civeo. Mr. Schoening will work closely with Mr. Fraser to ensure a smooth transition and is expected to remain a consultant for the Company for a period af.

Civeo Corp operates accommodations in remote areas for natural resource extraction companies, offering cheaper alternatives to building their own facilities. The company's revenue has seen weakness, but the stock is still cheap and has potential for meaningful upside. Despite disappointing expectations for the fiscal year, Civeo Corp's stock is undervalued and the company continues to reduce debt. Demand for its services is expected to grow in the long run.