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Civitas Resources Inc (NYSE: CIVI) closed the day trading at $53.06 down -2.23% from the previous closing price of $54.27. In other words, the price has decreased by -$2.23 from its previous closing price. On the day, 0.86 million shares were traded. CIVI stock price reached its highest trading level at $53.695 during the session, while it also had its lowest trading level at $52.85.
Ratios:
For a better understanding of CIVI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 56.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.48. For the most recent quarter (mrq), Quick Ratio is recorded 0.41 and its Current Ratio is at 0.41. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.74.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on September 18, 2024, initiated with a Overweight rating and assigned the stock a target price of $67.
On June 13, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $90.TD Cowen initiated its Buy rating on June 13, 2024, with a $90 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 15 ’24 when CANADA PENSION PLAN INVESTMENT sold 6,956,520 shares for $73.22 per share. The transaction valued at 509,356,394 led to the insider holds 9,524,201 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CIVI now has a Market Capitalization of 5337411584 and an Enterprise Value of 10016102400. As of this moment, Civitas’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.13, and their Forward P/E ratio for the next fiscal year is 5.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 2.085 whereas that against EBITDA is 3.112.
Stock Price History:
Over the past 52 weeks, CIVI has reached a high of $76.02, while it has fallen to a 52-week low of $49.10. The 50-Day Moving Average of the stock is -5.30%, while the 200-Day Moving Average is calculated to be -17.66%.
Shares Statistics:
Over the past 3-months, CIVI traded about 1.18M shares per day on average, while over the past 10 days, CIVI traded about 1124230 shares per day. A total of 93.77M shares are outstanding, with a floating share count of 93.46M. Insiders hold about 4.98% of the company’s shares, while institutions hold 91.31% stake in the company. Shares short for CIVI as of 1727654400 were 4571729 with a Short Ratio of 3.87, compared to 1724976000 on 3255113. Therefore, it implies a Short% of Shares Outstanding of 4571729 and a Short% of Float of 6.36.
Dividends & Splits
CIVI’s forward annual dividend rate is 2.00, up from 6.28 a year ago. Against a Trailing Annual Dividend Yield of 0.11571771
