Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2023 Q2 -- Initiates Dividend

Rhea-AI Summary

Stonegate Capital Partners updates coverage on Civeo Corporation. Civeo initiated a dividend at an annualized yield of 5.0%. FCF positive YTD. Australian segment revenues up 30% Y/Y on a constant currency basis.

Positive

• Civeo initiated a dividend at an annualized yield of 5.0%. FCF positive YTD. Australian segment revenues up 30% Y/Y on a constant currency basis.

Negative

• None.

Dallas, Texas--(Newsfile Corp. - September 6, 2023) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. The full report can be accessed by clicking on the following link: Civeo Q2 2023 Report

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Initiated dividend at an annualized yield of 5.0%
• FCF positive YTD
• Australian segment revenues up 30% Y/Y on a constant currency basis

Click image above to view full announcement.

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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

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/179749