Civeo Corporation (CVEO) Shares Soar 1.80% on Analyst Buy Recommendation

Civeo Corporation (CVEO) shares surged 1.80% today, reaching their highest level since February 2025 with an intraday gain of 3.55%.

The strategy of buying CVEO shares after they reached a recent high and selling them one week later resulted in a significant underperformance compared to the market. Over the past five years, the strategy yielded a return of -26.00%, while the benchmark return was 58.03%. The strategy had a maximum drawdown of 0.00%, indicating that it did not experience any losses during the backtest period, but it also had a Sharpe ratio of -0.30 and a volatility of 37.62%, suggesting that the strategy carried considerable risk and did not provide any significant returns.

On May 2, 2025, Stifel Nicolaus analyst Stephen Gengaro issued a "Buy" recommendation for Civeo Corporation, setting a target price of $27.00. This positive outlook from the analyst is likely to boost investor confidence and drive the stock price higher.

Civeo is recognized as one of the top specialty business service stocks to buy in 2025. This sector performance insight underscores the company's strong position within its industry, which could further attract investors and support the stock's upward trajectory.