Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2024 Q1

Rhea-AI Summary

Civeo (CVEO) received an update from Stonegate Capital Partners, highlighting a strong 4.0% dividend yield, a 2.1% increase in Canadian room rates, and a significant 37% year-over-year growth in Australian gross profit.

Positive

• Strong 4.0% dividend yield for Civeo

• Canadian room rates exhibit a 2.1% increase.

• Australian gross profit shows remarkable growth of 37% year-over-year.

Negative

• None.

Dallas, Texas--(Newsfile Corp. - April 29, 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 4.0%
• Canadian room rates increase 2.1%
• Australian gross profit growth of 37% y/y

Click image above to view full announcement.

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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/207306

FAQ

What is the dividend yield for Civeo (CVEO)?

Civeo (CVEO) boasts a strong dividend yield of 4.0%.

How much did Canadian room rates increase for Civeo (CVEO)?

Canadian room rates for Civeo (CVEO) increased by 2.1%.

What was the year-over-year growth in Australian gross profit for Civeo (CVEO)?

Civeo (CVEO) experienced a substantial 37% year-over-year growth in Australian gross profit.