The stock of Civitas Resources Inc. (CIVI) has seen a -0.89% decrease in the past week, with a 8.16% gain in the past month, and a 22.14% flourish in the past quarter. The volatility ratio for the week is 2.96%, and the volatility levels for the past 30 days are at 2.48% for CIVI. The simple moving average for the last 20 days is 3.10% for CIVI’s stock, with a simple moving average of 26.21% for the last 200 days.
Is It Worth Investing in Civitas Resources Inc. (NYSE: CIVI) Right Now?
Civitas Resources Inc. (NYSE: CIVI) has a price-to-earnings ratio of 6.83x that is above its average ratio. Additionally, the 36-month beta value for CIVI is 1.75. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for CIVI is $92.22, which is $7.14 above the current price. The public float for CIVI is 85.71M and currently, short sellers hold a 5.83% ratio of that float. The average trading volume of CIVI on September 18, 2023 was 916.97K shares.
CIVI) stock’s latest price update
The stock price of Civitas Resources Inc. (NYSE: CIVI) has dropped by -0.07 compared to previous close of 83.30. Despite this, the company has seen a fall of -0.89% in its stock price over the last five trading days. Market Watch reported 2023-08-14 that The “easy” gains of the early part of a bull market have been made, and stocks are more likely to move sideways. That means now is a good time to remember a frequently overlooked reality of investing: 40% of gains come from dividends over the long run.
Analysts’ Opinion of CIVI
Many brokerage firms have already submitted their reports for CIVI stocks, with BMO Capital Markets repeating the rating for CIVI by listing it as a “Outperform.” The predicted price for CIVI in the upcoming period, according to BMO Capital Markets is $95 based on the research report published on August 31, 2023 of the current year 2023.
CIVI Trading at 9.83% from the 50-Day Moving Average
After a stumble in the market that brought CIVI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.42% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares surge +5.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.57% upper at present.
During the last 5 trading sessions, CIVI fell by -2.35%, which changed the moving average for the period of 200-days by +28.10% in comparison to the 20-day moving average, which settled at $82.09. In addition, Civitas Resources Inc. saw 53.09% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CIVI starting from Kimmeridge Energy Management C, who sale 3,296,475 shares at the price of $70.50 back on Jul 19. After this action, Kimmeridge Energy Management C now owns 8,348,022 shares of Civitas Resources Inc., valued at $232,401,488 using the latest closing price.
Counts Travis L, the Chief Legal Officer & Sec. of Civitas Resources Inc., purchase 6,835 shares at $68.20 during a trade that took place back on May 05, which means that Counts Travis L is holding 36,799 shares at $466,126 based on the most recent closing price.
Stock Fundamentals for CIVI
Current profitability levels for the company are sitting at:
- +53.46 for the present operating margin
- +56.84 for the gross margin
The net margin for Civitas Resources Inc. stands at +32.92. The total capital return value is set at 36.92, while invested capital returns managed to touch 22.80. Equity return is now at value 19.80, with 12.30 for asset returns.
Based on Civitas Resources Inc. (CIVI), the company’s capital structure generated 7.78 points at debt to equity in total, while total debt to capital is 7.22. Total debt to assets is 5.24, with long-term debt to equity ratio resting at 7.53. Finally, the long-term debt to capital ratio is 6.99.
When we switch over and look at the enterprise to sales, we see a ratio of 2.38, with the company’s debt to enterprise value settled at 0.09. The receivables turnover for the company is 8.35 and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
In conclusion, Civitas Resources Inc. (CIVI) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
