Civeo (CVEO) AI Stock Analysis

• Market Cap: $291.57M
• Dividend Yield: 4.25%
• Average Volume (3M): 42.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.11
• Revenue Growth: -10.51%
• EPS Growth: -247.97%
• Country: US
• Employees: 2,600
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Business Services
• EPS (TTM): -0.04
• Shares Outstanding: 11,515,223
• 10 Day Avg. Volume: 48,128
• 30 Day Avg. Volume: 42,561
• PEG Ratio: 0.12
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 5.66
• Enterprise Value/Market Cap: 1.73
• Enterprise Value/Revenue: 0.80
• Enterprise Value/Gross Profit: 4.11
• Enterprise Value/Ebitda: 7.72
• 1Y Price Target: $28.00
• Price Target Upside: 10.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: $26.00 ▲(2.69% Upside)

Civeo's overall stock score reflects significant financial challenges, with declining revenues and profitability weighing heavily. Technical analysis and valuation provide a mixed outlook, while recent earnings call and corporate events offer some positive strategic developments. The company's ability to navigate financial risks and leverage strategic initiatives will be crucial for future performance.

Positive Factors

Long-term contracts / recurring revenue

Long-term contracts and recurring accommodation fees provide structural revenue visibility and predictable occupancy. This supports planning, asset utilization and margin stability across resource cycles, reducing short-term volatility and enabling multi-year revenue backlog management.

Australian segment scale and integration

Completed integrations and double-digit EBITDA improvement in Australia indicate successful M&A execution and scalable operations. Geographic diversification and accretive assets can sustainably boost cash generation and lessen reliance on any single basin or commodity over multiple reporting periods.

Disciplined capital returns policy

A clear commitment to allocate free cash flow to buybacks signals management discipline and alignment with shareholders. If sustained by cash generation, this reduces share count, supports per-share metrics and demonstrates a prioritized, repeatable capital allocation framework.

Negative Factors

Declining revenue and negative profitability

Ongoing revenue contraction and negative net margin erode operating leverage and retained earnings. Persistent top-line weakness undermines ability to invest in assets or margin-enhancing initiatives, increasing dependence on restructuring or cyclical commodity recoveries for durable improvement.

Weak cash generation

Severely weakened free cash flow and poor cash conversion limit funding for capex, debt service and shareholder returns. Structural cash shortfalls raise refinancing risk and constrain strategic choices, making sustained operational fixes imperative for long-term solvency.

Elevated leverage

Higher leverage reduces financial flexibility and increases vulnerability to commodity and occupancy downturns. With modest cash generation, elevated debt amplifies refinancing and interest rate risks, restricting the company's ability to fund growth or absorb prolonged cyclical weakness.

Civeo Business Overview & Revenue Model

Company Description

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations. It also offers food, housekeeping, and maintenance services, as well as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security, and logistics services; and camp management services. In addition, the company provides development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management, and site construction services, as well as catering and managed services. It owns and operates 27 lodges and villages with approximately 28,000 rooms; and a fleet of mobile accommodation assets. The company serves oil, mining, engineering, and oilfield and mining service companies. Civeo Corporation is headquartered in Houston, Texas.

How the Company Makes Money

Civeo generates revenue primarily through its accommodation services, where it charges clients for lodging and related services provided at its remote housing facilities. Key revenue streams include room rentals, catering services, and facility management fees. The company often enters into long-term contracts with major resource companies, ensuring a steady flow of income. Additionally, Civeo may benefit from partnerships with clients in the resource sector, which can lead to recurring business and increased occupancy rates at its facilities. The company's ability to scale its operations and manage costs effectively also contributes to its profitability.

Civeo Financial Statement Overview

Summary

Civeo is facing financial difficulties with declining revenues, negative profitability, and increased leverage. While there are some operational efficiencies, the company's cash flow position is weak, and the balance sheet shows increased financial risk. Strategic actions may be needed to improve financial stability and performance.

Income Statement

Civeo's income statement shows a challenging financial performance. The TTM data reveals a significant revenue decline of 9.22%, and the company is operating at a net loss with a net profit margin of -3.28%. The gross profit margin has also decreased to 7.31% from previous years, indicating pressure on profitability. Despite these challenges, the EBITDA margin remains positive at 9.30%, suggesting some operational efficiency.

Balance Sheet

The balance sheet indicates a moderate financial position. The debt-to-equity ratio has increased to 1.08, reflecting higher leverage, which could pose a risk if not managed carefully. However, the equity ratio remains stable, and the company has maintained a reasonable level of stockholders' equity relative to its assets. Return on equity is negative, highlighting the impact of net losses on shareholder returns.

Cash Flow

Civeo's cash flow statement shows a concerning trend with a significant decline in free cash flow growth at -211.81%. The operating cash flow to net income ratio is low at 0.15, indicating limited cash generation relative to net income. The negative free cash flow to net income ratio further emphasizes the company's cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	628.18M	682.12M	700.80M	697.05M	594.46M	529.73M
Gross Profit	122.47M	149.46M	170.52M	179.99M	158.00M	147.64M
EBITDA	65.26M	70.07M	128.68M	109.95M	101.94M	-30.18M
Net Income	-28.68M	-17.07M	30.16M	4.00M	1.35M	-134.25M
Balance Sheet
Total Assets	491.07M	405.07M	548.06M	566.18M	672.73M	740.85M
Cash, Cash Equivalents and Short-Term Investments	12.00M	5.20M	3.32M	7.95M	6.28M	6.16M
Total Debt	198.02M	55.75M	79.19M	143.72M	192.85M	272.86M
Total Liabilities	308.52M	168.07M	225.02M	262.48M	309.62M	365.50M
Stockholders Equity	182.55M	236.37M	320.17M	300.14M	361.50M	374.69M
Cash Flow
Free Cash Flow	-10.54M	57.37M	64.93M	66.35M	72.96M	107.28M
Operating Cash Flow	12.57M	83.51M	96.56M	91.77M	88.53M	117.36M
Investing Cash Flow	-93.37M	-14.94M	-14.52M	-8.95M	-706.00K	-1.77M
Financing Cash Flow	70.74M	-65.20M	-86.80M	-79.66M	-86.51M	-114.21M

Civeo Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CVEO, the sentiment is Positive. The current price of 25.32 is above the 20-day moving average (MA) of 24.59, above the 50-day MA of 23.29, and above the 200-day MA of 22.55, indicating a bullish trend. The MACD of 0.53 indicates Positive momentum. The RSI at 68.16 is Neutral, neither overbought nor oversold. The STOCH value of 66.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CVEO.

Civeo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TH	67 Neutral	$687.48M	-69.88	-2.36%	―	-26.65%	-110.98%
PRSU	64 Neutral	$982.28M	2.76	-24.71%	―	-68.48%	2198.47%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BV	59 Neutral	$1.26B	307.13	3.13%	―	-3.40%	-51.58%
CVEO	54 Neutral	$291.57M	-11.98	-12.34%	4.25%	-10.51%	-247.97%

Civeo Corporate Events

Civeo Appoints New Directors in Strategic Agreement

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.