Civitas Resources Stock Price, News & Analysis (NYSE:CIVI)

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Civitas Resources in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CIVI shares.
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7 Wall Street research analysts have issued 1-year price targets for Civitas Resources' stock. Their CIVI share price targets range from $95.00 to $106.00. On average, they anticipate the company's stock price to reach $98.50 in the next year. This suggests a possible upside of 42.7% from the stock's current price.
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Civitas Resources saw a decline in short interest during the month of October. As of October 31st, there was short interest totaling 8,140,000 shares, a decline of 8.8% from the October 15th total of 8,930,000 shares. Based on an average trading volume of 1,540,000 shares, the days-to-cover ratio is currently 5.3 days. Currently, 10.5% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our CIVI earnings forecast.

Civitas Resources, Inc. (NYSE:CIVI) announced its earnings results on Tuesday, November, 7th. The company reported $1.56 EPS for the quarter, missing analysts' consensus estimates of $2.55 by $0.99. Civitas Resources had a trailing twelve-month return on equity of 12.31% and a net margin of 24.10%.

Civitas Resources announced a None dividend on Tuesday, November 7th. Stockholders of record on Friday, December 15th will be given a dividend of $1.59 per share on Friday, December 29th. This represents a dividend yield of 11.8%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for CIVI.

Civitas Resources (NYSE:CIVI) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.96%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIVI will have a dividend payout ratio of 12.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIVI.

ETFs with the largest weight of Civitas Resources (NYSE:CIVI) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), Amplify Natural Resources Dividend Income ETF (NDIV), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Invesco Energy Exploration & Production ETF (PXE), Cambria Value and Momentum ETF (VAMO), Grizzle Growth ETF (GRZZ), First Trust NASDAQ Rising Dividend Achievers (RDVY) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Civitas Resources investors own include Allena Pharmaceuticals (ALNA), Galmed Pharmaceuticals (GLMD), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Corbus Pharmaceuticals (CRBP), ImmunoGen (IMGN), Melinta Therapeutics (MLNT), NVIDIA (NVDA), VBI Vaccines (VBIV) and Aduro Biotech (ADRO).

Civitas Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Kimmeridge Energy Management Company LLC (8.90%), FMR LLC (5.19%), Victory Capital Management Inc. (2.38%), Sourcerock Group LLC (1.53%), LSV Asset Management (1.39%) and Bank of New York Mellon Corp (1.28%). Insiders that own company stock include Brant Demuth, Brian Cain, Canada Pension Plan Investment, Dean Tinsley, Iv Cyrus D Marter, Kimmeridge Energy Management C, M Christopher Doyle, Paul Keglevic, Sandra Garbiso and Travis L Counts.
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