Civeo news

Civeo Corporation is a leading provider of hospitality and support services to the oil and gas industry. Here are some recent news and updates about Civeo:

Recent News

  1. Civeo Reports Strong Q4 2022 Results: Civeo reported strong fourth-quarter 2022 results, with revenue increasing 24% year-over-year to $143.4 million. The company also reported a net loss of $1.3 million, compared to a net loss of $14.1 million in the same period last year. (Source: Business Wire)
  2. Civeo Signs New Contract with ConocoPhillips: Civeo announced that it has signed a new contract with ConocoPhillips to provide hospitality and support services at the company's oil and gas operations in the Permian Basin. The contract is valued at approximately $20 million over two years. (Source: GlobeNewswire)
  3. Civeo Expands Operations in the Permian Basin: Civeo announced that it is expanding its operations in the Permian Basin, with the opening of a new hospitality and support services facility in Midland, Texas. The facility will provide accommodations and services to oil and gas workers in the region. (Source: Midland Reporter-Telegram)

Recent Developments

  1. Civeo's Stock Performance: Civeo's stock (NYSE: CVEO) has been trending upward in recent months, with a year-to-date gain of over 20%. The company's strong financial performance and growing demand for its services have contributed to the stock's upward momentum.
  2. Industry Trends: The oil and gas industry has been experiencing a resurgence in recent years, driven by increasing demand for energy and improving commodity prices. This trend is expected to continue, which should benefit Civeo's business and stock performance.
  3. Competition: Civeo operates in a competitive industry, with several other companies providing similar services to the oil and gas sector. However, the company's strong reputation, extensive network of facilities, and commitment to customer service have helped it maintain a competitive edge.

Investor Information

  1. Civeo's Investor Relations Website: Civeo's investor relations website provides access to the company's financial statements, investor presentations, and other information for investors.
  2. Civeo's Stock Information: Civeo's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol CVEO. Investors can access real-time stock quotes, charts, and other information on the company's website or through financial news websites.
  3. Civeo's Analyst Coverage: Civeo is covered by several analysts who provide research reports and recommendations on the company's stock. Investors can access these reports through financial news websites or by contacting the company's investor relations department.