Civeo Corporation (CVEO) failed to extend gains with the stock declining -2.08% or $-0.07 to close the day at $3.29 on light trading volume of 1.73M shares, compared to its three month average trading volume of 879.98K. The Houston Texas 77002 based company has been outperforming the business services group over the past 52 weeks, with the stock gaining 267.76%, compared to the industry which has advanced 31.31% over the same period. With RSI of 75.81, the stock should still continue to rise and get closer to its one year target estimate of $3.25, making it a hold for now.
Civeo Corporation provides remote site accommodation, logistics, and facility management services to the natural resource industry in Australia, Canada, and the United States. The company develops lodges and villages, open camps, and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations. It also provides catering and food services, housekeeping, laundry, water and wastewater treatment, power generation, communications, and personnel logistics services, as well as sewage hauling services. The company operates 19 lodges and villages with approximately 23,000 rooms in Canada and Australia; 9 smaller open camp properties; and a fleet of mobile accommodation assets. It serves independent oil and natural gas companies, mining companies, and oilfield and mining service companies. The company is headquartered in Houston, Texas.
Knight Transportation, Inc. (KNX) retreated with the stock falling -3.09% or $-1.05 to close at $32.95 on active trading volume of 1.72M compared its three months average trading volume of 1.05M. The Phoenix Arizona 85027 based company operating under the Trucking industry has been trending up for the last 52 weeks, with the shares price now 39.23% up for the period and down by -0.3% so far this year. With price target of $32.64 and a 51.13% rebound from 52-week low, Knight Transportation, Inc. has plenty of upside potential, making it a hold with a view buy.
Knight Transportation, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the United States. It operates through two segments, Trucking and Logistics. The Trucking segment offers truckload carrier dry van, temperature-controlled truckload, and drayage services between ocean ports, rail ramps, and shipping docks. As of December 31, 2015, it operated approximately 4,363 company-owned tractors; and an average of 11,789 trailers, as well as had 407 tractors under contract that are owned and operated by independent contractors. The Logistics segment provides logistics, freight management, freight brokerage, rail intermodal, and other non-trucking services. Knight Transportation, Inc. was founded in 1989 and is headquartered in Phoenix, Arizona.
CubeSmart (CUBE) continued its downward trend with the stock declining -0.39% or $-0.1 to close the day at $25.64 on lower than average trading volume of 1.72M shares, compared to its three month average trading volume of 1.7M. The Malvern Pennsylvania 19355 based company has been outperforming the reit – industrial companies by -0.3164% for last three months and its recent losses have pulled the stock down -4.22% YTD, versus the reit – industrial industry which is down -2.54% for the same period. The RSI of 46.79 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
CubeSmart is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in ownership, operation, acquisition and development of self-storage facilities. The firm was formerly known as U-Store-It Trust. CubeSmart was founded in July 2004 and is based in Malvern, Pennsylvania.