In the last trading session, 2.59 million shares of the Civitas Resources Inc (NYSE:CIVI) were traded, and its beta was 1.15. Most recently the company’s share price was $26.75, and it changed around -$0.56 or -2.05% from the last close, which brings the market valuation of the company to $2.49B. CIVI currently trades at a discount to its 52-week high of $76.02, offering almost -184.19% off that amount. The share price’s 52-week low was $22.79, which indicates that the current value has risen by an impressive 14.8% since then. We note from Civitas Resources Inc’s average daily trading volume that its 10-day average is 3.89 million shares, with the 3-month average coming to 2.23 million.
Civitas Resources Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.68. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 5 recommended CIVI as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Civitas Resources Inc is expected to report earnings per share of 1.62 for the current quarter.
Civitas Resources Inc (NYSE:CIVI) trade information
Instantly CIVI has showed a red trend with a performance of -2.05% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 30.86 on recent trading dayincreased the stock’s daily price by 13.32%. The company’s shares are currently down -41.68% year-to-date, but still up 7.17% over the last five days. On the other hand, Civitas Resources Inc (NYSE:CIVI) is -20.43% down in the 30-day period. We can see from the shorts that 7.14 million shares have been sold at a short interest cover period of 3.12 day(s).
The consensus price target as assigned by Wall Street analysts is $54, which translates to bulls needing to increase their stock price by 50.46% from its current value. Analyst projections state that CIVI is forecast to be at a low of $42 and a high of $84.
Civitas Resources Inc (CIVI) estimates and forecasts
The year-over-year growth rate is expected to be -5.49%, down from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 1.19B in revenue for the current quarter. 9 analysts expect Civitas Resources Inc to make 1.19B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.33B and 1.31B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.85%. Forecasts for the next quarter put sales growth at -9.31%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 21.13%. Civitas Resources Inc earnings are expected to increase by -23.35% in 2025, but the outlook is negative -4.88% per year for the next five years.
CIVI Dividends
Civitas Resources Inc’s next quarterly earnings report is expected to be released on 2025-Feb-23. The annual dividend yield of the stock is 7.48 percent and its annual dividend per share was 2.00. It is important to note, however, that the 7.48% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Civitas Resources Inc (NYSE:CIVI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.84% of Civitas Resources Inc shares, and 103.70% of them are in the hands of institutional investors. The stock currently has a share float of 104.57%. Civitas Resources Inc stock is held by 524.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.8473% of the shares, which is about 9.9 million shares worth $683.17 million.
CANADA PENSION PLAN INVESTMENT BOARD, with 9.5792% or 9.52 million shares worth $657.17 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
