CIVI stock icon

Civitas Resources
CIVI

$67.45
1.84%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 13 analysts
0
News positive %
of 5 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]

Research analyst outlook

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

Low target
$86
28%
upside
Avg. target
$95
41%
upside
High target
$110
63%
upside

13 analyst ratings

13 positive
100%
neutral
0%
negative
0%
TD Cowen
Gabe Daoud
33%upside
$90
Buy
Initiated
13 Jun 2024
RBC Capital
Scott Hanold
33%upside
$90
Outperform
Initiated
28 May 2024
Mizuho
William Janela
45%upside
$98
Buy
Maintained
13 May 2024
Truist Securities
Neal Dingmann
56%upside
$105
Buy
Maintained
6 May 2024
Keybanc
Tim Rezvan
39%upside
$94
Overweight
Maintained
22 Apr 2024

Financial journalist opinion

Based on 5 articles about CIVI published over the past 30 days