The stock of Civitas Resources Inc (NYSE: CIVI) has increased by 1.02 when compared to last closing price of 51.14.Despite this, the company has seen a loss of -3.26% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-10 that With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-factor relative value matrix and ranked from most to least favorable. Based on this evaluation, EQNR, VRN, MGYOY, PCCYF, and CHRD appear to be the best prospects.
Is It Worth Investing in Civitas Resources Inc (NYSE: CIVI) Right Now?
The price-to-earnings ratio for Civitas Resources Inc (NYSE: CIVI) is above average at 5.11x. The 36-month beta value for CIVI is also noteworthy at 1.50. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CIVI is 91.71M, and at present, short sellers hold a 4.53% of that float. The average trading volume of CIVI on November 15, 2024 was 1.14M shares.
CIVI’s Market Performance
The stock of Civitas Resources Inc (CIVI) has seen a -3.26% decrease in the past week, with a 1.61% rise in the past month, and a -16.42% fall in the past quarter. The volatility ratio for the week is 3.38%, and the volatility levels for the past 30 days are at 2.65% for CIVI. The simple moving average for the last 20 days is 1.85% for CIVI’s stock, with a simple moving average of -18.04% for the last 200 days.
Analysts’ Opinion of CIVI
Many brokerage firms have already submitted their reports for CIVI stocks, with UBS repeating the rating for CIVI by listing it as a “Neutral.” The predicted price for CIVI in the upcoming period, according to UBS is $60 based on the research report published on October 16, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see CIVI reach a price target of $67. The rating they have provided for CIVI stocks is “Overweight” according to the report published on September 18th, 2024.
Wolfe Research gave a rating of “Outperform” to CIVI, setting the target price at $90 in the report published on July 18th of the current year.
CIVI Trading at -0.61% 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 -32.04% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 3.38%, as shares surge +0.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.18% lower at present.
During the last 5 trading sessions, CIVI fell by -3.26%, which changed the moving average for the period of 200-days by -20.29% in comparison to the 20-day moving average, which settled at $50.72. In addition, Civitas Resources Inc saw -20.80% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CIVI starting from CANADA PENSION PLAN INVESTMENT, who sale 6,956,520 shares at the price of $73.22 back on May 15 ’24. After this action, CANADA PENSION PLAN INVESTMENT now owns 9,524,201 shares of Civitas Resources Inc, valued at $509,356,394 using the latest closing price.
Stock Fundamentals for CIVI
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.43 for the gross margin
The net margin for Civitas Resources Inc stands at 0.2. The total capital return value is set at 0.14. Equity return is now at value 15.61, with 7.11 for asset returns.
Currently, EBITDA for the company is 2.4 billion with net debt to EBITDA at 1.33. When we switch over and look at the enterprise to sales, we see a ratio of 1.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
In summary, Civitas Resources Inc (CIVI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
