Civitas Resources Inc [CIVI] stock prices are up 1.53% to $69.67 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CIVI shares have gain 0.17% over the last week, with a monthly amount drifted -3.90%, and not 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 June 13, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $90. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on May 28, 2024, and set its price target to $90. On February 07, 2024, Piper Sandler initiated with a Overweight rating and assigned a price target of $92 on the stock. Pickering Energy Partners started tracking the stock assigning a Outperform rating. Mizuho upgraded its rating to a Buy and reduced its price target to $86 on January 03, 2024. Siebert Williams Shank started tracking with a Buy rating for this stock on September 18, 2023, and assigned it a price target of $106. In a note dated August 31, 2023, BMO Capital Markets initiated an Outperform rating and provided a target price of $95 on this stock.
The stock price of Civitas Resources Inc [CIVI] has been fluctuating between $58.72 and $81.61 over the past year. Currently, Wall Street analysts expect the stock to reach $92.83 within the next 12 months. Civitas Resources Inc [NYSE: CIVI] shares were valued at $69.67 at the most recent close of the market. An investor can expect a potential return of 33.24% based on the average CIVI price forecast.
Analyzing the CIVI fundamentals
The Civitas Resources Inc [NYSE:CIVI] reported sales of 4.15B for trailing twelve months, representing a surge of 102.62%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.72%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.13 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 68.75 points at the first support level, and at 67.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.43, and for the 2nd resistance point, it is at 71.19.
Ratios To Look Out For
It’s worth pointing out that Civitas Resources Inc [NYSE:CIVI]’s Current Ratio is 0.37. Also, the Quick Ratio is 0.37, while the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 1.68, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 8.48.
Transactions by insiders
Recent insider trading involved CANADA PENSION PLAN INVESTMENT, 10% Owner, that happened on May 15 ’24 when 6.96 million shares were sold. 10% Owner, Kimmeridge Energy Management C completed a deal on Jul 19 ’23 to sell 3.3 million shares.
