Civitas Resources Inc (CIVI) Stock: A Value Analysis

The price-to-earnings ratio for Civitas Resources Inc (NYSE: CIVI) is 8.43x, which is above its average ratio. Moreover, the 36-month beta value for CIVI is 1.55. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for CIVI is 79.17M and currently, short sellers hold a 9.16% of that float. On April 03, 2024, CIVI’s average trading volume was 1.30M shares.

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CIVI) stock’s latest price update

The stock price of Civitas Resources Inc (NYSE: CIVI) has plunged by -0.71 when compared to previous closing price of 75.87, but the company has seen a 1.87% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

CIVI’s Market Performance

Civitas Resources Inc (CIVI) has experienced a 1.87% rise in stock performance for the past week, with a 7.82% rise in the past month, and a 11.65% rise in the past quarter. The volatility ratio for the week is 1.80%, and the volatility levels for the past 30 days are at 2.30% for CIVI. The simple moving average for the past 20 days is 5.04% for CIVI’s stock, with a 8.03% simple moving average for the past 200 days.

Analysts’ Opinion of CIVI

Many brokerage firms have already submitted their reports for CIVI stocks, with Piper Sandler repeating the rating for CIVI by listing it as a “Overweight.” The predicted price for CIVI in the upcoming period, according to Piper Sandler is $92 based on the research report published on February 07, 2024 of the current year 2024.

Mizuho gave a rating of “Buy” to CIVI, setting the target price at $86 in the report published on January 03rd of the current year.

CIVI Trading at 12.99% 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 -9.03% of loss for the given period.

Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +10.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.04% upper at present.

During the last 5 trading sessions, CIVI rose by +1.87%, which changed the moving average for the period of 200-days by +11.32% in comparison to the 20-day moving average, which settled at $72.44. In addition, Civitas Resources Inc saw 11.65% 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 ’23. 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 ’23, 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:

  • 0.8 for the present operating margin
  • 0.48 for the gross margin

The net margin for Civitas Resources Inc stands at 0.23. The total capital return value is set at 0.23. Equity return is now at value 13.57, with 7.11 for asset returns.

Based on Civitas Resources Inc (CIVI), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 16.5.

Currently, EBITDA for the company is 2.41 billion with net debt to EBITDA at 1.59. When we switch over and look at the enterprise to sales, we see a ratio of 3.29. The receivables turnover for the company is 4.62for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.

Conclusion

To wrap up, the performance of Civitas Resources Inc (CIVI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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