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Civeo Appoints New Directors in Strategic Agreement

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Civeo Appoints New Directors in Strategic Agreement

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An announcement from Civeo ( (CVEO) ) is now available.

On November 25, 2025, Civeo Corporation entered into a cooperation agreement with Engine Capital LP, resulting in the appointment of Jeffrey B. Scofield and Daniel B. Silvers to its Board of Directors. These appointments, effective immediately, are part of Civeo’s strategic efforts to enhance its board with experienced individuals who can contribute to the company’s growth and value creation. Mr. Scofield will serve on the Audit and Finance and Investment Committees, while Mr. Silvers will join the Compensation and Environmental, Social, Governance & Nominating Committees. This move underscores Civeo’s commitment to board refreshment and governance practices, aiming to deliver long-term value for shareholders. The cooperation agreement includes customary provisions and is expected to positively impact Civeo’s strategic execution and stakeholder relationships.

The most recent analyst rating on (CVEO) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Civeo stock, see the CVEO Stock Forecast page.

Spark’s Take on CVEO Stock

According to Spark, TipRanks’ AI Analyst, CVEO is a Neutral.

Civeo’s overall stock score reflects its challenging financial performance, with declining revenues and increased leverage being significant concerns. While technical analysis provides a slightly positive outlook, and the earnings call highlights some strategic progress, the negative valuation metrics due to net losses weigh on the overall score.

To see Spark’s full report on CVEO stock, click here.

More about Civeo

Civeo Corporation is a leading provider of hospitality services, primarily operating in the Canadian oil sands and Australian natural resource regions. The company offers comprehensive solutions for lodging, including long-term and temporary accommodations, food services, housekeeping, facility management, and more. Civeo owns and operates 28 lodges and villages in North America and Australia, with approximately 27,500 rooms, and provides services at 24 customer-owned locations with about 19,500 rooms. Civeo is publicly traded on the New York Stock Exchange under the symbol CVEO.

Average Trading Volume: 69,881

Technical Sentiment Signal: Sell

Current Market Cap: $256.2M

Learn more about CVEO stock on TipRanks’ Stock Analysis page.

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