Investor’s Delight: Civitas Resources Inc (CIVI) Closes Weak at 65.77, Down -2.64

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The closing price of Civitas Resources Inc (NYSE: CIVI) was $65.77 for the day, down -2.64% from the previous closing price of $67.55. In other words, the price has decreased by -$2.64 from its previous closing price. On the day, 1.01 million shares were traded. CIVI stock price reached its highest trading level at $67.9 during the session, while it also had its lowest trading level at $65.33.

Ratios:

Our analysis of CIVI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 126.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.23. For the most recent quarter (mrq), Quick Ratio is recorded 0.37 and its Current Ratio is at 0.37. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.67.

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, TD Cowen on June 13, 2024, initiated with a Buy rating and assigned the stock a target price of $90.

On May 28, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $90.

On February 07, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $92.Piper Sandler initiated its Overweight rating on February 07, 2024, with a $92 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.

Kimmeridge Energy Management C sold 3,296,475 shares of CIVI for $232,401,488 on Jul 19 ’23. The 10% Owner now owns 8,348,022 shares after completing the transaction at $70.50 per share.

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 6582984704 and an Enterprise Value of 10968564736. As of this moment, Civitas’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.01, and their Forward P/E ratio for the next fiscal year is 4.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 2.641 whereas that against EBITDA is 3.999.

Stock Price History:

Over the past 52 weeks, CIVI has reached a high of $81.61, while it has fallen to a 52-week low of $58.72. The 50-Day Moving Average of the stock is -8.97%, while the 200-Day Moving Average is calculated to be -5.62%.

Shares Statistics:

CIVI traded an average of 1.50M shares per day over the past three months and 1341030 shares per day over the past ten days. A total of 93.77M shares are outstanding, with a floating share count of 85.13M. Insiders hold about 14.95% of the company’s shares, while institutions hold 78.97% stake in the company. Shares short for CIVI as of 1715731200 were 3006428 with a Short Ratio of 1.99, compared to 1713139200 on 3219692. Therefore, it implies a Short% of Shares Outstanding of 3006428 and a Short% of Float of 4.0900003.

Dividends & Splits

With its trailing 12-month dividend rate of 6.9, CIVI has a forward annual dividend rate of 2.50. Against a Trailing Annual Dividend Yield of 0.10214656

Earnings Estimates

The stock of Civitas Resources Inc (CIVI) is currently being evaluated by 10.0 analysts who are actively contributing to its market rating.On average, analysts expect EPS of $3.0 for the current quarter, with a high estimate of $3.34 and a low estimate of $2.52, while EPS last year was $1.6. The consensus estimate for the next quarter is $3.31, with high estimates of $3.6 and low estimates of $2.77.

Analysts are recommending an EPS of between $13.36 and $11.6 for the fiscal current year, implying an average EPS of $12.43. EPS for the following year is $14.42, with 9.0 analysts recommending between $19.0 and $11.76.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $1.41B to a low estimate of $1.29B. As of the current estimate, Civitas Resources Inc’s year-ago sales were $660.53MFor the next quarter, 7 analysts are estimating revenue of $1.41B. There is a high estimate of $1.49B for the next quarter, whereas the lowest estimate is $1.33B.

A total of 7 analysts have provided revenue estimates for CIVI’s current fiscal year. The highest revenue estimate was $5.59B, while the lowest revenue estimate was $5.41B, resulting in an average revenue estimate of $5.5B. In the same quarter a year ago, actual revenue was $3.48BBased on 7 analysts’ estimates, the company’s revenue will be $5.74B in the next fiscal year. The high estimate is $6.37B and the low estimate is $5.41B.

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