At the time of writing, Civitas Resources Inc [CIVI] stock is trading at $73.97, up 0.54%. An important factor to consider is whether the stock is rising or falling in short-term value. The CIVI shares have lost -2.74% over the last week, with a monthly amount glided 3.57%, and seem to be holding up well over a long-time horizon.
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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 $73.97 at the most recent close of the market. An investor can expect a potential return of 24.37% 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 72.84 points at the first support level, and at 71.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.69, and for the 2nd resistance point, it is at 75.42.
Ratios To Look Out For
It is important to note that Civitas Resources Inc [NYSE:CIVI] has a current ratio of 1.15. On the other hand, the Quick Ratio is 1.15, and the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 2.15, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 8.28.
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.
