At the time of writing, Civitas Resources Inc [CIVI] stock is trading at $76.47, up 0.55%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CIVI shares have gain 1.12% over the last week, with a monthly amount glided 11.02%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 5, April 2024, Civitas Resources, Inc. Schedules First Quarter 2024 Conference Call and Webcast. In a post published today on Yahoo Finance, Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its first quarter 2024 operating and financial results after market close on Thursday, May 2, 2024. A conference call and webcast is planned for 9 a.m. MT (11 a.m. ET), on Friday, May 3, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770.
From an analyst’s perspective:
Civitas Resources Inc [NYSE: CIVI] stock has seen the most recent analyst activity on February 07, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $92. On January 03, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $86 on the stock. Siebert Williams Shank started tracking the stock assigning a Buy rating and suggested a price target of $106 on September 18, 2023. BMO Capital Markets initiated its recommendation with a Outperform and recommended $95 as its price target on August 31, 2023. Jefferies started tracking with a Buy rating for this stock on August 24, 2023, and assigned it a price target of $87. In a note dated January 10, 2023, Mizuho initiated an Neutral rating and provided a target price of $71 on this stock.
For the past year, the stock price of Civitas Resources Inc fluctuated between $59.58 and $82.81. Currently, Wall Street analysts expect the stock to reach $92 within the next 12 months. Civitas Resources Inc [NYSE: CIVI] shares were valued at $76.47 at the most recent close of the market. An investor can expect a potential return of 20.31% based on the average CIVI price forecast.
Analyzing the CIVI fundamentals
According to Civitas Resources Inc [NYSE:CIVI], the company’s sales were 3.48B for trailing twelve months, which represents an 38.38% jump. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.8%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.8.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 75.40 points at the first support level, and at 74.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.18, and for the 2nd resistance point, it is at 77.88.
Civitas Resources Inc [CIVI] reported earnings per share of $2.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.73/share, meaning a difference of -$0.53 and a surprise factor of -19.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.66 per share as compared to estimates of $2.7 per share, a difference of $0.96 representing a surprise of 35.60%.
Ratios To Look Out For
It is important to note that Civitas Resources Inc [NYSE:CIVI] has a current ratio of 1.15. As well, the Quick Ratio is 1.15, while the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 2.22, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 8.56.
Transactions by insiders
Recent insider trading involved Kimmeridge Energy Management C, 10% Owner, that happened on Jul 19 ’23 when 3.3 million shares were sold. Chief Legal Officer & Sec., Counts Travis L completed a deal on May 05 ’23 to buy 6835.0 shares.
