Civeo traded at $32.50 this Wednesday July 29th, decreasing $1.88 or 5.47 percent since the previous trading session. Looking back, over the last four weeks, Civeo lost 7.14 percent. Over the last 12 months, its price rose by 35.19 percent. Looking ahead, we forecast Civeo to be priced at 34.22 by the end of this quarter and at 32.10 in one year, according to Trading Economics global macro models projections and analysts expectations.
Civeo Corporation is engaged in providing hospitality services to the natural resources industry. The Company provides a range of hospitality services, including lodging, catering and foodservice, housekeeping and maintenance at accommodation facilities. The Company’s segments include Canada, Australia and U.S. It also provides services that support the day-to-day operations of accommodation facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. The Company also offers development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management and site construction, along with providing hospitality services once the facility is constructed.