Civitas Resources
CIVI

$52.50

1.84%

Market Cap: $5.16B

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 6,710 funds

0

Analysts bullish %

of 7 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

103% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 38

53% more repeat investments, than reductions

Existing positions increased: 174 | Existing positions reduced: 114

25% more funds holding in top 10

Funds holding in top 10: 8 [Q1] → 10 (+2) [Q2]

11% more funds holding

Funds holding: 370 [Q1] → 409 (+39) [Q2]

3% more call options, than puts

Call options by funds: $19.4M | Put options by funds: $18.9M

10% less capital invested

Capital invested by funds: $7.12B [Q1] → $6.4B (-$721M) [Q2]

160.34% less ownership

Funds ownership: 253.23% [Q1] → 92.89% (-160.34%) [Q2]

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$84

60%

upside

Avg. target

$92

75%

upside

High target

$101

92%

upside

7 analyst ratings

7 positive

100%

0 neutral

0%

0 negative

0%

Piper Sandler Mark Lear 26% 1-year accuracy 14 / 54 met price target	60%upside $84	Overweight Maintained	11 Sept 2024
Truist Securities Neal Dingmann 27% 1-year accuracy 27 / 100 met price target	92%upside $101	Buy Maintained	21 Aug 2024
Piper Sandler Mark Lear 26% 1-year accuracy 14 / 54 met price target	62%upside $85	Overweight Maintained	15 Aug 2024
RBC Capital Scott Hanold 8% 1-year accuracy 3 / 37 met price target	71%upside $90	Outperform Reiterated	13 Aug 2024
Truist Securities Neal Dingmann 27% 1-year accuracy 27 / 100 met price target	90%upside $100	Buy Maintained	22 Jul 2024

See Analyst Rankings

Financial journalist opinion

24/7 Wall Street

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Top Wall Street analysts are bullish on these dividend stocks

Civitas Resources Publishes 2024 Corporate Sustainability Report

DENVER--(BUSINESS WIRE)--Civitas Resources Issues 2024 Corporate Sustainability Report.

Civitas Resources Publishes 2024 Corporate Sustainability Report

Civitas Comments on Lowry Ranch CAP Approval

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that it has received approval by Colorado's Energy and Carbon Management Commission of the Lowry Ranch Comprehensive Area Plan (“CAP”) within the Watkins area of the DJ Basin. Hodge Walker, Chief Operating Officer, commented in response, “This CAP approval is the result of thorough work by the Civitas team and extensive stakeholder engagement to ensure the safe development of Colorado's i.

Civitas Comments on Lowry Ranch CAP Approval

Zacks Investment Research

Civitas Resources (CIVI) Misses Q2 Earnings and Revenue Estimates

Civitas Resources (CIVI) came out with quarterly earnings of $2.06 per share, missing the Zacks Consensus Estimate of $2.93 per share. This compares to earnings of $1.72 per share a year ago.

Civitas Resources (CIVI) Misses Q2 Earnings and Revenue Estimates

Civitas Resources Reports Second Quarter 2024 Results

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its second quarter 2024 financial and operating results. A webcast and conference call is planned for 9 a.m. MT (11 a.m. ET) on Friday, August 2, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Key Second Quarter 2024 Results Three Months Ended June 30, 2024 Six Months Ended June 30.

Civitas Resources Reports Second Quarter 2024 Results

Civitas Resources, Inc. Declares Quarterly Cash Dividend

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that its Board of Directors approved a quarterly dividend of $1.52 per share, payable on September 26, 2024 to shareholders of record as of September 12, 2024. The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.02 per share. Additional details regarding the calculation of the variable dividend can be found in the Company's latest inve.

Civitas Resources, Inc. Declares Quarterly Cash Dividend

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

24/7 Wall Street

Top Wall Street Bank Loves 5 High-Yield Dividend Stocks for Second Half of 2024

24/7 Insights Quality dividend stocks could outperform over the next year.

Top Wall Street Bank Loves 5 High-Yield Dividend Stocks for Second Half of 2024

See News Rankings