Investor’s Delight: Civitas Resources Inc (CIVI) Closes Weak at 67.94, Down -2.43

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The closing price of Civitas Resources Inc (NYSE: CIVI) was $67.94 for the day, down -2.43% from the previous closing price of $69.63. In other words, the price has decreased by -$2.43 from its previous closing price. On the day, 1.88 million shares were traded. CIVI stock price reached its highest trading level at $68.715 during the session, while it also had its lowest trading level at $67.08.


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 130.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.53. 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, RBC Capital Mkts on May 28, 2024, initiated with a Outperform rating and assigned the stock a target price of $90.

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

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 6800182784 and an Enterprise Value of 11185763328. As of this moment, Civitas’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.27, and their Forward P/E ratio for the next fiscal year is 4.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 2.694 whereas that against EBITDA is 4.078.

Stock Price History:

Over the past 52 weeks, CIVI has reached a high of $82.81, while it has fallen to a 52-week low of $59.58. The 50-Day Moving Average of the stock is -8.44%, while the 200-Day Moving Average is calculated to be -4.29%.

Shares Statistics:

CIVI traded an average of 1.47M shares per day over the past three months and 1272320 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 78.96% stake in the company. Shares short for CIVI as of 1715731200 were 3006428 with a Short Ratio of 2.05, 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 2.00. Against a Trailing Annual Dividend Yield of 0.099095225

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