Civitas Resources
CIVI

$70.83

1.01%

Market Cap: 7.09B

About: Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.

Employees: 516

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 13 analysts

0

News positive %

of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

39% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 46

13% more repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 124

6% more capital invested

Capital invested by funds: $6.71B [Q4 2023] → $7.08B (+$370M) [Q1 2024]

5% more funds holding

Funds holding: 349 [Q4 2023] → 367 (+18) [Q1 2024]

10% less call options, than puts

Call options by funds: $37M | Put options by funds: $41.2M

12.71% less ownership

Funds ownership: 264.3% [Q4 2023] → 251.59% (-12.71%) [Q1 2024]

27% less funds holding in top 10

Funds holding in top 10: 11 [Q4 2023] → 8 (-3) [Q1 2024]

See Fund Rankings

Research analyst outlook

13 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$90

27%

upside

Avg. target

$97

37%

upside

High target

$110

55%

upside

13 analyst ratings

13 positive

100%

0 neutral

0%

0 negative

0%

Truist Securities Neal Dingmann	41%upside $100	Buy Maintained	22 Jul 2024
Keybanc Tim Rezvan	33%upside $94	Overweight Initiated	27 Jun 2024
TD Cowen Gabe Daoud	27%upside $90	Buy Initiated	13 Jun 2024
RBC Capital Scott Hanold	27%upside $90	Outperform Initiated	28 May 2024
Mizuho William Janela	38%upside $98	Buy Maintained	13 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about CIVI published over the past 30 days

Zacks Investment Research

Civitas Resources (CIVI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Civitas (CIVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Civitas Resources (CIVI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Civitas Resources: M&A Driven Growth, And Very Undervalued

Civitas is an exploration and production company with expertise in the acquisition as well as the production of crude oil and gas. I think that the company's growth in cash, PP&E, assets, and equity over the last decade indicates proven expertise. Competitors trade more expensively than CIVI, with analysts reporting a strong buy rating and a target price of $94, suggesting significant upside potential.

Civitas Resources: M&A Driven Growth, And Very Undervalued

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Civitas Resources, Inc. Schedules Second Quarter 2024 Conference Call and Webcast

DENVER--(BUSINESS WIRE)--Civitas schedules second quarter 2024 conference call and webcast for August 2nd.

Civitas Resources, Inc. Schedules Second Quarter 2024 Conference Call and Webcast

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See News Rankings