In the last trading session, 1.12 million Civitas Resources Inc (NYSE:CIVI) shares changed hands as the company’s beta touched 1.11. With the company’s per share price at $29.48 changed hands at $0.05 or 0.17% during last session, the market valuation stood at $2.73B. CIVI’s last price was a discount, traded about -157.87% off its 52-week high of $76.02. The share price had its 52-week low at $22.79, which suggests the last value was 22.69% up since then. When we look at Civitas Resources Inc’s average trading volume, we note the 10-day average is 1.92 million shares, with the 3-month average coming to 2.29 million.
Analysts gave the Civitas Resources Inc (CIVI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.79. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended CIVI as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Civitas Resources Inc’s EPS for the current quarter is expected to be 1.65.
Civitas Resources Inc (NYSE:CIVI) trade information
Instantly CIVI was in green as seen at the end of in last trading. With action 1.80%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -35.73%, with the 5-day performance at 1.80% in the green. However, in the 30-day time frame, Civitas Resources Inc (NYSE:CIVI) is -18.59% down. Looking at the short shares, we see there were 8.75 million shares sold at short interest cover period of 3.11 days.
The consensus price target for the stock as assigned by Wall Street analysts is 45, meaning bulls need an upside of 34.49% from its current market value. According to analyst projections, CIVI’s forecast low is 42 with 62 as the target high. To hit the forecast high, the stock’s price needs a -110.31% plunge from its current level, while the stock would need to soar -42.47% for it to hit the projected low.
Civitas Resources Inc (CIVI) estimates and forecasts
Year-over-year growth is forecast to reach -8.05% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 1.19B. 8 analysts are of the opinion that Civitas Resources Inc’s revenue for the current quarter will be 1.15B. The company’s revenue for the corresponding quarters a year ago was 1.33B and 1.31B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -10.68%. The estimates for the next quarter sales put growth at -12.05%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 21.13%. The 2025 estimates are for Civitas Resources Inc earnings to decrease by -30.73%, but the outlook for the next 5-year period is at -7.83% per year.
CIVI Dividends
Civitas Resources Inc is expected to release its next quarterly earnings report on 2025-Feb-23. The 6.78% annual yield figure for the share gives it an annual dividend of 2.00. It is important to note, however, that the 6.78% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Civitas Resources Inc (NYSE:CIVI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.71% of Civitas Resources Inc shares while 105.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.81%. There are 105.06% institutions holding the Civitas Resources Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.9582% of the shares, roughly 9.9 million CIVI shares worth $683.17 million.
CANADA PENSION PLAN INVESTMENT BOARD holds the second largest percentage of outstanding shares, with 9.5792% or 9.52 million shares worth $657.17 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Core S&P Mid-Cap ETF . With 2.97 shares estimated at $87.59 million under it, the former controlled 3.21% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Mid-Cap ETF held about 3.13% of the shares, roughly 2.9 shares worth around $85.38 million.
