Civitas Resources Inc [CIVI] stock is trading at $54.23, up 0.99%. 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 5.90% over the last week, with a monthly amount drifted -1.73%, 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 September 18, 2024, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $67. On June 13, 2024, TD Cowen initiated with a Buy rating and assigned a price target of $90 on the stock. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $90 on May 28, 2024. Piper Sandler initiated its recommendation with a Overweight and recommended $92 as its price target on February 07, 2024. In a note dated January 03, 2024, Mizuho upgraded an Buy rating on this stock and revised its target price from $96 to $86.
Civitas Resources Inc [CIVI] stock has fluctuated between $49.10 and $76.02 over the past year. Currently, Wall Street analysts expect the stock to reach $87.88 within the next 12 months. Civitas Resources Inc [NYSE: CIVI] shares were valued at $54.23 at the most recent close of the market. An investor can expect a potential return of 62.05% based on the average CIVI price forecast.
Analyzing the CIVI fundamentals
Civitas Resources Inc [NYSE:CIVI] reported sales of 4.80B for the trailing twelve months, which represents a growth of 98.73%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.58%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.74.
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 53.58 points at the first support level, and at 52.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.80, and for the 2nd resistance point, it is at 55.36.
Ratios To Look Out For
For context, Civitas Resources Inc’s Current Ratio is 0.41. Also, the Quick Ratio is 0.41, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 1.11, the price to book ratio is 0.81 and price to earnings (TTM) ratio is 6.27.
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.
