Stifel analyst Stephen Gengaro has revised the price target for Civeo (CVEO, Financial), adjusting it from $30 to $28. Despite this reduction, Gengaro maintains a Buy rating on the stock. This adjustment comes as part of the firm's updated earnings models for the oilfield services and equipment sector, reflecting slightly lower-than-anticipated activity in the first quarter. The revision also incorporates a cautious outlook for the immediate future, as investors prepare for the upcoming Q1 earnings season.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Civeo Corp (CVEO, Financial) is $29.00 with a high estimate of $30.00 and a low estimate of $28.00. The average target implies an upside of 44.71% from the current price of $20.04. More detailed estimate data can be found on the Civeo Corp (CVEO) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Civeo Corp's (CVEO, Financial) average brokerage recommendation is currently 1.0, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Civeo Corp (CVEO, Financial) in one year is $25.78, suggesting a upside of 28.64% from the current price of $20.04. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Civeo Corp (CVEO) Summary page.
