Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2024 Q2
Rhea-AI Summary
Stonegate Capital Partners has updated its coverage on Civeo (NYSE: CVEO), highlighting several key takeaways from the company's 2024 Q2 performance. The report emphasizes Civeo's strong dividend yield of 3.8%, which is likely to attract income-focused investors. Additionally, the company generated $30.9 million in free cash flow during the quarter, indicating robust financial health and operational efficiency. A standout performance was observed in the Australian Segment, which reported a significant 32% year-over-year revenue growth. This growth in the Australian market suggests expanding opportunities and successful business strategies in the region.
Positive
- Strong dividend yield of 3.8%
- Generated $30.9 million in free cash flow for the quarter
- Australian Segment revenue grew 32% year-over-year
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, CVEO gained 3.74%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Dallas, Texas--(Newsfile Corp. - July 31, 2024) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Strong dividend yield of
3.8% $30.9M of FCF in the quarter- Australian Segment revenue growth of
32% y/y
Click image above to view full announcement.
About Stonegate Capital Partners
Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high-quality investment opportunities.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218371
FAQ
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Who updated the coverage on Civeo (CVEO) for Q2 2024?
