Stifel Nicolaus resumed coverage on Civeo with a new price target

Civeo Corporation (NYSE:CVEO) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to 10% of its total common shares outstanding over the next twelve months. The Company recently completed its previous share repurchase authorization, which was announced on September 11, 2024 and covered 5% of the then total common shares outstanding. Since the Company instituted its share repurchase program in 2021, Civeo has repurchased approximately 20% of its fully-diluted shares outstanding. Bradley J. Dodson, Civeo's President and Chief Executive Officer, said, "This new repurchase authorization is a testament to the value

Civeo Corporation (NYSE:CVEO) acknowledges the recent shareholder letter issued by Engine Capital LP, a shareholder of the Company. Bradley J. Dodson, Civeo's President and Chief Executive Officer, said, "We appreciate the input of our shareholders and will closely review the letter. The Civeo Board and management team regularly review options to create long-term value, including our capital allocation priorities, cost structure and other opportunities. We welcome a continued open dialogue with Engine Capital and other shareholders toward our shared goal of enhancing value for all shareholders." About Civeo: Civeo Corporation is a leading provider of hospitality services with prominent m

Asserts that Civeo Is Meaningfully Undervalued in the Public Market at ~3.6x EV to 2025 EBITDA Multiple Believes the Board Should Eliminate the Dividend, Aggressively Repurchase Shares, Target a 1.75x Leverage Ratio and Significantly Reduce Costs to Deliver ~$47 per Share for Shareholders in Standalone Scenario Highlights How a Sale of Civeo Could Provide an Alternate Path to Delivering Significant Value Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately 9.8% of Civeo Corporation's (NYSE:CVEO) ("Civeo" or the "Company") outstanding shares, today sent a letter to the Company's Board of Directors outlining several opportunities to close Civeo's sig

Stifel Nicolaus resumed coverage of Civeo with a rating of Buy and set a new price target of $2.50

4/A - Civeo Corp (0001590584) (Issuer)

4/A - Civeo Corp (0001590584) (Issuer)

4/A - Civeo Corp (0001590584) (Issuer)

SCHEDULE 13D/A - Civeo Corp (0001590584) (Subject)

SCHEDULE 13G/A - Civeo Corp (0001590584) (Subject)

SCHEDULE 13D/A - Civeo Corp (0001590584) (Subject)

Fraser brings extensive U.S., Canadian and international executive management experience Al Schoening to retire after 13-year career at Civeo 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 after his retirement. Mr. Fraser brings extensive international executive management experience in

Seasoned financial leader brings deep experience in energy, operations and investor engagement Civeo Corporation ("Civeo" or the "Company") (NYSE:CVEO) today announced the appointment of E. Collin Gerry as the Company's new Senior Vice President, Chief Financial Officer ("CFO") and Treasurer, effective August 1, 2024, following a comprehensive search process. Barclay Brewer, who served as interim CFO, will assume the role of Vice President, Chief Accounting Officer and will support Mr. Gerry during this transition. Mr. Gerry has held several executive positions with Civeo since May 2014, including serving as Senior Vice President of Canadian Operations since May 2020, and Vice President

Civeo Corporation (NYSE:CVEO) announced today that its Board of Directors elected Jay Grewal and Michael Montelongo as members of its Board of Directors effective August 15, 2021. Ms. Grewal has been appointed as a Class III Director with an initial term expiring in May 2023 and will serve on the Company's Audit Committee and Finance and Investment Committee. Mr. Montelongo has been appointed as a Class I Director with an initial term expiring in May 2024 and will serve on the Company's Compensation Committee and Nominating and Corporate Governance Committee. Prior to August 15, 2021, Ms. Grewal and Mr. Montelongo will serve as observers at meetings of the Board. "On behalf of our Board of

Asserts that Civeo Is Meaningfully Undervalued in the Public Market at ~3.6x EV to 2025 EBITDA Multiple Believes the Board Should Eliminate the Dividend, Aggressively Repurchase Shares, Target a 1.75x Leverage Ratio and Significantly Reduce Costs to Deliver ~$47 per Share for Shareholders in Standalone Scenario Highlights How a Sale of Civeo Could Provide an Alternate Path to Delivering Significant Value Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately 9.8% of Civeo Corporation's (NYSE:CVEO) ("Civeo" or the "Company") outstanding shares, today sent a letter to the Company's Board of Directors outlining several opportunities to close Civeo's sig

Highlights: Reported fourth quarter 2024 revenues of $151.0 million, net loss of $15.1 million and operating cash flow of $9.5 million, with full year 2024 revenues of $682.1 million, net loss of $17.1 million and operating cash flow of $83.5 million; Reported fourth quarter 2024 Adjusted EBITDA of $11.4 million with full year 2024 Adjusted EBITDA of $79.9 million; Returned $44.0 million of capital to shareholders in 2024 through the quarterly dividend and share repurchases, representing 65% of 2024 free cash flow of $68.4 million; Recently announced a six-year A$1.4 billion Australian integrated services contract renewal with expanded scope, showing strength of Civeo's long-ter

Civeo executes on growth strategy with disciplined and accretive acquisition Highlights: Transaction expands Civeo's Australian owned-village portfolio in the world's premier metallurgical coal basin, the Bowen Basin; Civeo enters the Blackwater region, extending its unmatched presence and capabilities across the wider Bowen Basin; Solid contract coverage with new and existing, blue-chip, metallurgical coal producers under take-or-pay contracts; Civeo will purchase the four villages for A$105 million, or approximately US$67 million, funded with cash on hand and borrowings under the Company's existing credit agreement; and Expects annualized revenue and EBITDA of approximately A$5

SC 13G/A - Civeo Corp (0001590584) (Subject)

SC 13G/A - Civeo Corp (0001590584) (Subject)

SC 13G - Civeo Corp (0001590584) (Subject)