Civitas Resources (CIVI) Stock Price, News & Analysis

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Civitas Resources in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CIVI shares.
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8 Wall Street research analysts have issued 12 month target prices for Civitas Resources' shares. Their CIVI share price targets range from $89.00 to $106.00. On average, they predict the company's share price to reach $98.29 in the next twelve months. This suggests a possible upside of 36.7% from the stock's current price.
View analysts price targets for CIVI or view top-rated stocks among Wall Street analysts.

Civitas Resources saw a drop in short interest in March. As of March 31st, there was short interest totaling 5,780,000 shares, a drop of 20.3% from the March 15th total of 7,250,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is presently 4.3 days. Approximately 6.9% of the company's stock are short sold.
View Civitas Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CIVI earnings forecast.

Civitas Resources will be holding an earnings conference call on Friday, May 3rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Civitas Resources, Inc. (NYSE:CIVI) issued its quarterly earnings results on Tuesday, February, 27th. The company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.28. The business earned $1.13 billion during the quarter, compared to the consensus estimate of $1.18 billion. Civitas Resources had a trailing twelve-month return on equity of 13.60% and a net margin of 22.54%. The business's revenue for the quarter was up 38.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.41 earnings per share.

Civitas Resources declared a quarterly dividend on Tuesday, February 27th. Investors of record on Friday, March 15th will be paid a dividend of $1.45 per share on Thursday, March 28th. This represents a $5.80 annualized dividend and a yield of 8.07%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.50.
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 2.70%. The dividend payout ratio is 22.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIVI will have a dividend payout ratio of 13.48% 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 Amplify Natural Resources Dividend Income ETF (NDIV), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Grizzle Growth ETF (GRZZ), First Trust Natural Gas ETF (FCG), Invesco Dorsey Wright Energy Momentum ETF (PXI), Euclidean Fundamental Value ETF (ECML) and Invesco S&P MidCap Value with Momentum ETF (XMVM).

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 shareholders include Allspring Global Investments Holdings LLC (0.14%), Wealth Enhancement Advisory Services LLC (0.06%), Hennion & Walsh Asset Management Inc. (0.05%), Unison Advisors LLC (0.01%), Independence Bank of Kentucky (0.00%) and Arden Trust Co (0.00%). 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.
View institutional ownership trends.