CVEO, CA17878Y2078

CVEO stock gets a USD 42.00 price target after a Q2 revenue beat

Published on 10/04/2026 at 16:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CVEO stock was last at USD 33.17 on October 2, 2026, after Northland set a USD 42.00 target. Q2 revenue reached USD 180.02 million.

CVEO, CA17878Y2078, Illustration mit AI erstellt.

Civeo Corporation (ISIN CA17878Y2078) was last at USD 33.17 on the NYSE on October 2, 2026, down 1.72 percent from the prior session. The latest analyst action came from Northland Securities, which initiated coverage on October 1 with an Outperform rating and a USD 42.00 price target, according to MarketBeat.

Q2 revenue beat expectations

Civeo's second-quarter 2026 revenue reached USD 180.02 million, compared with the USD 172.18 million consensus estimate. The difference was USD 7.84 million, or 4.55 percent, while adjusted EPS came in at a loss of USD 0.23 against an expected loss of USD 0.30, according to MarketBeat.

The finance figures show revenue of USD 180.017 million for Q2 2026, up from USD 172.667 million in Q1 2026. Operating profit increased from USD 3.123 million to USD 5.092 million over the same periods, while consolidated net income remained negative at USD 2.517 million in Q2.

Analysts see further upside

The broader analyst picture is positive but remains split. Six analysts carry a Moderate Buy consensus, comprising three Buy ratings, one Strong Buy, one Hold and one Sell, with an average 12-month target of USD 42.25, according to MarketBeat.

Other published targets include USD 39.00 from Roth Capital and USD 51.00 from Raymond James. Civeo's operating profile helps explain the attention: the company provides workforce accommodations, catering and related services for customers in remote resource and infrastructure regions.

Guidance keeps the loss in view

Civeo maintained 2026 revenue guidance of USD 675 million to USD 700 million and projected a full-year net loss between USD 15.2 million and USD 11.2 million, according to Simply Wall St. That combination leaves revenue growth as the operating bright spot while profitability remains the central counter-factor.

CVEO stays below its yearly high

CVEO's USD 33.17 last price on the NYSE on October 2, 2026, stood below its 52-week high of USD 36.50 and above its 52-week low of USD 19.75. Market capitalization was USD 363.0 million and volume was 181,342 shares for the session.