The price of Civitas Resources Inc. (NYSE:CIVI) shares last traded on Wall Street rose 5.50% to $63.88.
Based on available information, 7 analysts follow Civitas Resources Inc. (NYSE:CIVI). The consensus rating among analysts is ‘Buy’. CIVI stock price is now 4.99% away from the 50-day moving average and 6.02% away from the 200-day moving average. The market capitalization of the company currently stands at $5.27B.
Among analysts, 1 rate the stock a hold while 5 rate it a buy.
With the price target of $71, Mizuho recently initiated with Neutral rating for Civitas Resources Inc. (NYSE: CIVI). On October 19, 2022, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $77, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’.
In other news, Garbiso Sandra, CAO and Treasurer sold 1,900 shares of the company’s stock on Sep 13. The stock was sold for $123,500 at an average price of $65.00. Upon completion of the transaction, the CAO and Treasurer now directly owns 27,998 shares in the company, valued at $1.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12, Chief Legal Officer & Sec. Counts Travis L bought 3,556 shares of the business’s stock. A total of $234,471 was incurred on buying the stock at an average price of $65.94. This leaves the insider owning 22,699 shares of the company worth $1.45 million. Insiders disposed of 165,961 shares of company stock worth roughly $10.6 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CIVI stock. A new stake in Civitas Resources Inc. shares was purchased by PACER ADVISORS, INC. during the first quarter worth $21,056,000. BALYASNY ASSET MANAGEMENT LLC invested $9,189,000 in shares of CIVI during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Civitas Resources Inc. valued at approximately $7,215,000. SQUAREPOINT OPS LLC acquired a new stake in CIVI for approximately $6,160,000. CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM purchased a new stake in CIVI valued at around $5,950,000 in the second quarter.
A candlestick chart of Civitas Resources Inc. (NYSE: CIVI) showed a price of $60.23 on Thursday morning. During the past 12 months, Civitas Resources Inc. has had a low of $41.59 and a high of $80.01. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for CIVI is $61.59 and a two-hundred day moving average price translates $62.53 for the stock.
The latest earnings results from Civitas Resources Inc. (NYSE: CIVI) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $4.63, beating analysts’ expectations of $3.9 by 0.73. This compares to $1.31 EPS in the same period last year. The net profit margin was 32.40% and return on equity was 23.10% for CIVI. The company reported revenue of $1.01 billion for the quarter, compared to $189.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 430.6 percent. For the current quarter, analysts expect CIVI to generate $850.39M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/15/2022 were paid a $1.45 dividend. On an annualized basis, this represents a $2.00 dividend and a 3.13% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend. In terms of dividend payout ratio, CIVI is presently at 13.40%.
Civitas Resources Inc.(CIVI) Company Profile
Civitas Resources, Inc., an exploration and production company, focuses on the acquisition, development, and production of oil and natural gas in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. As of December 31,2021, it had proved reserves 397.7 MMBoe comprising 143.6 MMbbls of crude oil, 106.0 MMbbls of natural gas liquids, and 888.5 Bcf of natural gas. The company was formerly known as Bonanza Creek Energy, Inc. Civitas Resources, Inc. was founded in 1999 and is based in Denver, Colorado.