Civitas Resources (CIVI) Stock Price, News & Analysis

Company Overview

Civitas Resources, Inc., an exploration and production company, focuses on the acquisition, development, and production of oil and natural gas in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. As of December 31,2021, it had proved reserves 397.7 MMBoe comprising 143.6 MMbbls of crude oil, 106.0 MMbbls of natural gas liquids, and 888.5 Bcf of natural gas. The company was formerly known as Bonanza Creek Energy, Inc. Civitas Resources, Inc. was founded in 1999 and is based in Denver, Colorado.

Key Stats

• Today's Range: $52.05 to $52.79
• 50-Day Range: $48.30 to $54.91
• 52-Week Range: $48.05 to $78.63
• Volume: 719,587 shs
• Average Volume: 1.30 million shs
• Market Capitalization: $5.05 billion
• P/E Ratio: 5.18
• Dividend Yield: 3.82%
• Price Target: $82.56
• Consensus Rating: Moderate Buy

Civitas Resources Stock Analysis - MarketRank™

Civitas Resources scored higher than 95% of companies evaluated by MarketBeat, and ranked 15th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Civitas Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Civitas Resources has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 12.10%

Earnings Growth

Earnings for Civitas Resources are expected to grow by 12.10% in the coming year, from $8.68 to $9.73 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Civitas Resources is 5.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Civitas Resources is 5.18, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.21.

Price to Book Value per Share Ratio

Civitas Resources has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.53% of the float of Civitas Resources has been sold short.

Short Interest Ratio / Days to Cover

Civitas Resources has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Civitas Resources has recently increased by 16.90%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Civitas Resources is a leading dividend payer. It pays a dividend yield of 3.93%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Civitas Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Civitas Resources is 19.80%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Civitas Resources will have a dividend payout ratio of 20.55% next year. This indicates that Civitas Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.53% of the float of Civitas Resources has been sold short.

Short Interest Ratio / Days to Cover

Civitas Resources has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Civitas Resources has recently increased by 16.90%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.04

News Sentiment

Civitas Resources has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Civitas Resources this week, compared to 3 articles on an average week.

Search Interest

Only 14 people have searched for CIVI on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.

MarketBeat Follows

4 people have added Civitas Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Civitas Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.55% of the stock of Civitas Resources is held by insiders.

Percentage Held by Institutions

94.55% of the stock of Civitas Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CIVI Stock Analysis - Frequently Asked Questions

How have CIVI shares performed this year?

Civitas Resources' stock was trading at $68.38 at the beginning of the year. Since then, CIVI shares have decreased by 23.5% and is now trading at $52.2950.
View the best growth stocks for 2024 here.

How were Civitas Resources' earnings last quarter?

Civitas Resources, Inc. (NYSE:CIVI) announced its earnings results on Thursday, August, 1st. The company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.94 by $0.88. The firm's revenue was up 98.7% compared to the same quarter last year.

Who are Civitas Resources' major shareholders?

Top institutional investors of Civitas Resources include FMR LLC (6.39%), State Street Corp (4.14%), Donald Smith & CO. Inc. (3.23%) and Victory Capital Management Inc. (3.00%). Insiders that own company stock include Canada Pension Plan Investment, Kimmeridge Energy Management C, M Christopher Doyle, Travis L Counts, Sandra Garbiso, Brant Demuth, Dean Tinsley, Brian Cain and Paul Keglevic.
View institutional ownership trends.

How do I buy shares of Civitas Resources?

Shares of CIVI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Civitas Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Civitas Resources investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), CrowdStrike (CRWD), Advanced Micro Devices (AMD) and Salesforce (CRM).

Company Calendar

• Last Earnings: 8/01/2024
• Ex-Dividend for 9/26 Dividend: 9/12/2024
• Dividend Payable: 9/26/2024
• Today: 11/21/2024
• Ex-Dividend for 12/27 Dividend: 12/13/2024
• Dividend Payable: 12/27/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: N/A
• Current Symbol: NYSE:CIVI
• Previous Symbol: NYSE:CIVI
• CUSIP: N/A
• CIK: 1608638
• Web: civitas-solutions.com
• Phone: 617-790-4800
• Fax: 720-305-0804
• Employees: 23,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $82.56
• High Stock Price Target: $98.00
• Low Stock Price Target: $60.00
• Potential Upside/Downside: +57.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $10.10
• Trailing P/E Ratio: 5.20
• Forward P/E Ratio: 6.05
• P/E Growth: N/A
• Net Income: $784.29 million
• Net Margins: 19.65%
• Pretax Margin: 25.03%
• Return on Equity: 13.52%
• Return on Assets: 5.95%

Debt

• Debt-to-Equity Ratio: 0.73
• Current Ratio: 0.45
• Quick Ratio: 0.45

Sales & Book Value

• Annual Sales: $3.48 billion
• Price / Sales: 1.46
• Cash Flow: $21.60 per share
• Price / Cash Flow: 2.43
• Book Value: $69.09 per share
• Price / Book: 0.76

Miscellaneous

• Outstanding Shares: 96,510,000
• Free Float: 95,983,000
• Market Cap: $5.07 billion
• Optionable: Optionable
• Beta: 1.48