Civitas Resources Inc (NYSE: CIVI) has experienced a rise in its stock price by 1.36 compared to its previous closing price of 50.91. However, the company has seen a gain of 0.90% 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 5.11x, which is above its average ratio. Moreover, the 36-month beta value for CIVI is 1.50. Analysts have varying opinions on the stock, with 9 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for CIVI is 91.70M and currently, short sellers hold a 4.53% of that float. On November 21, 2024, CIVI’s average trading volume was 1.15M shares.
CIVI’s Market Performance
CIVI’s stock has seen a 0.90% increase for the week, with a 1.67% rise in the past month and a -13.45% fall in the past quarter. The volatility ratio for the week is 2.32%, and the volatility levels for the past 30 days are at 2.77% for Civitas Resources Inc The simple moving average for the last 20 days is 1.36% for CIVI’s stock, with a simple moving average of -17.93% 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 -0.54% 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 -32.12% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares surge +2.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.41% lower at present.
During the last 5 trading sessions, CIVI rose by +0.90%, which changed the moving average for the period of 200-days by -16.42% in comparison to the 20-day moving average, which settled at $50.91. In addition, Civitas Resources Inc saw -20.89% 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:
- 0.54 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 0.21. Equity return is now at value 15.61, with 7.11 for asset returns.
Based on Civitas Resources Inc (CIVI), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is 6.91.
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 receivables turnover for the company is 9.18for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
To wrap up, the performance of Civitas Resources Inc (CIVI) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
