Stifel Nicolaus resumed coverage on Civeo with a new price target
$CVEO
Hotels/Resorts
Consumer Discretionary
Stifel Nicolaus resumed coverage of Civeo with a rating of Buy and set a new price target of $2.50
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SC 13G/A - Civeo Corp (0001590584) (Subject)
SC 13G/A - Civeo Corp (0001590584) (Subject)
SC 13G - Civeo Corp (0001590584) (Subject)
Third Quarter Highlights include: Reported revenues of $176.3 million, net loss of $5.1 million and operating cash flow of $35.7 million; Delivered Adjusted EBITDA of $18.8 million and free cash flow of $28.3 million; Returned $17.8 million of capital to shareholders in the quarter through the quarterly dividend and share repurchases; Australian segment continues to deliver strong growth, with revenues up 33% on a year-over-year basis, driven by both increased occupancy at Civeo-owned villages and continued growth in our integrated services offering; and Today announced a 33-month contract renewal with a major Canadian oil sands producer to continue providing accommodations and ho
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 ask for the Civeo call or provide the conference ID: 13749748# at least 10 minutes prior to the start time. A replay will be available through November 6th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the
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 and maintains previous max net leverage ratio and max interest coverage covenant levels. "We are pleased to announce this amendment and extension, which allows Civeo more flexibility to execute on our capital allocation priorities su
Stifel Nicolaus resumed coverage of Civeo with a rating of Buy and set a new price target of $2.50
Fraser brings extensive U.S., Canadian and international executive management experienceAl Schoening to retire after 13-year career at CiveoCiveo 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.
Stifel analyst Stephen Gengaro maintains Civeo (NYSE:CVEO) with a Buy and raises the price target from $30 to $31.
Third Quarter Highlights include: Reported revenues of $176.3 million, net loss of $5.1 million and operating cash flow of $35.7 million; Delivered Adjusted EBITDA of $18.8 million and free cash flow of $28.3 million; Returned $17.8 million of capital to shareholders in the quarter through the quarterly dividend and share repurchases; Australian segment continues to deliver strong growth, with revenues up 33% on a year-over-year basis, driven by both increased occupancy at Civeo-owned villages and continued growth in our integrated services offering; and Today announced a 33-month contract renewal with a major Canadian oil sands producer to continue providing accommodations and ho
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 ask for the Civeo call or provide the conference ID: 13749748# at least 10 minutes prior to the start time. A replay will be available through November 6th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the
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 repurchases under the repurchase plan will be at the discretion of Civeo and will depend on various factors, including the Company's capital position, liquidity, financial performance and alternative uses of capital, stock trading price, regula
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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
10-Q - Civeo Corp (0001590584) (Filer)
8-K - Civeo Corp (0001590584) (Filer)
8-K - Civeo Corp (0001590584) (Filer)