Market Watch: Civitas Resources Inc (CIVI)’s Noteworthy Drop, Closing at 76.47

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As of close of business last night, Civitas Resources Inc’s stock clocked out at $76.47, down -0.27% from its previous closing price of $76.68. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 0.75 million shares were traded. CIVI stock price reached its highest trading level at $76.8 during the session, while it also had its lowest trading level at $75.05.

Ratios:

To gain a deeper understanding of CIVI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 146.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.73. 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, Piper Sandler on February 07, 2024, initiated with a Overweight rating and assigned the stock a target price of $92.

Mizuho Upgraded its Neutral to Buy on January 03, 2024, whereas the target price for the stock was revised from $96 to $86.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 19 ’23 when Kimmeridge Energy Management C sold 3,296,475 shares for $70.50 per share. The transaction valued at 232,401,488 led to the insider holds 8,348,022 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 7653958656 and an Enterprise Value of 12039542784. As of this moment, Civitas’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.31, 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 0.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.84 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 2.899 whereas that against EBITDA is 4.389.

Stock Price History:

The Beta on a monthly basis for CIVI is 1.50, which has changed by 0.098864794 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. 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 3.96%, while the 200-Day Moving Average is calculated to be 7.74%.

Shares Statistics:

It appears that CIVI traded 1.46M shares on average per day over the past three months and 1287360 shares per day over the past ten days. A total of 93.77M shares are outstanding, with a floating share count of 82.74M. Insiders hold about 17.33% of the company’s shares, while institutions hold 82.99% stake in the company. Shares short for CIVI as of 1714435200 were 3185842 with a Short Ratio of 2.19, compared to 1711584000 on 5778504. Therefore, it implies a Short% of Shares Outstanding of 3185842 and a Short% of Float of 4.33.

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 0.08998435The current Payout Ratio is 22.18% for CIVI, which recently paid a dividend on 2024-03-14 with an ex-dividend date of 1718150400. Stock splits for the company last occurred on 2017-05-01 when the company split stock in a 1000:111588 ratio.

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