Civitas Resources, Inc. (CIVI)
| Market Cap | 4.98B |
| Revenue (ttm) | 5.04B |
| Net Income (ttm) | 990.48M |
| Shares Out | 96.51M |
| EPS (ttm) | 10.05 |
| PE Ratio | 5.13 |
| Forward PE | 6.06 |
| Dividend | $2.50 (4.85%) |
| Ex-Dividend Date | Sep 12, 2024 |
| Volume | 1,124,127 |
| Open | 50.77 |
| Previous Close | 50.91 |
| Day's Range | 50.77 - 51.93 |
| 52-Week Range | 48.05 - 78.63 |
| Beta | 1.50 |
| Analysts | Strong Buy |
| Price Target | 82.11 (+59.13%) |
| Earnings Date | Nov 7, 2024 |
About CIVI
Civitas Resources, Inc., an exploration and production company, focuses on the acquisition, development, and production of oil and natural gas in the Rocky Mountain region, primarily in the Field of the Denver-Julesburg Basin of Colorado. It also holds interest in production wells. The company was formerly known as Bonanza Creek Energy, Inc. Civitas Resources, Inc. was founded in 1999 and is based in Denver, Colorado. [Read more]
Financial Performance
In 2023, Civitas Resources's revenue was $3.48 billion, a decrease of -8.23% compared to the previous year's $3.79 billion. Earnings were $784.29 million, a decrease of -37.16%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for CIVI stock is "Strong Buy." The 12-month stock price forecast is $82.11, which is an increase of 59.13% from the latest price.
News
High Yield Oil And Gas Ranked By Relative Quality
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-...
Civitas Resources, Inc. (CIVI) Q3 2024 Earnings Call Transcript
Civitas Resources, Inc. (NYSE:CIVI) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Brad Whitmarsh - Head, Investor Relations Chris Doyle - Chief Executive Officer M...
Stock Picks From Seeking Alpha's October 2024 New Analysts
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Civitas Resources, Inc. Declares Quarterly Cash Dividend
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that its Board of Directors approved a quarterly dividend of $0.50 per share, payable on Dec...
Civitas Resources, Inc. Reports Third Quarter 2024 Results
DENVER--(BUSINESS WIRE)--Civitas issues third quarter 2024 earnings release.
Civitas Resources: A Strategic Growth And Value Play Opportunity
Civitas Resources is undervalued but with strong growth potential, driven by strategic acquisitions in key U.S. oil basins and a solid dividend strategy. Despite elevated debt levels, Civitas maintain...
Civitas Resources, Inc. Schedules Third Quarter 2024 Conference Call and Webcast
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. Schedules Third Quarter 2024 Conference Call and Webcast.
Civitas Resources: Optimizing All The Acquisitions
Civitas Resources was formed in 2021 through a combination of companies with bankruptcy in the past. The company is managed conservatively financially. Acquisitions were made with a mix of stock and d...
Civitas Resources Stock: Substantial Upside Potential
Civitas Resources, Inc. is a strong buy due to its aggressive M&A strategy, attractive valuation multiples, and substantial free cash yield. The company is leveraging its DJ and Permian Basin assets, ...
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Civitas Resources Publishes 2024 Corporate Sustainability Report
DENVER--(BUSINESS WIRE)--Civitas Resources Issues 2024 Corporate Sustainability Report.
Civitas Comments on Lowry Ranch CAP Approval
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that it has received approval by Colorado's Energy and Carbon Management Commission of the L...
Civitas Resources Reports Second Quarter 2024 Results
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its second quarter 2024 financial and operating results. A webcast and conference call is plan...
Civitas Resources: M&A Driven Growth, And Very Undervalued
Civitas is an exploration and production company with expertise in the acquisition as well as the production of crude oil and gas. I think that the company's growth in cash, PP&E, assets, and equity o...
Civitas Resources, Inc. Schedules Second Quarter 2024 Conference Call and Webcast
DENVER--(BUSINESS WIRE)--Civitas schedules second quarter 2024 conference call and webcast for August 2nd.
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Civitas Resources: The Acquisitions Continue
Civitas Resources expands its presence in Permian through acquisitions of oil and gas assets in the Midland Basin and Delaware Basin. Management aims to build a large upstream company quickly through ...
Civitas Resources, Inc. Announces Pricing of Secondary Public Offering of Common Stock By An Affiliate of Canada Pension Plan Investment Board
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. Announces Pricing of Secondary Public Offering.
Civitas Resources, Inc. Announces Secondary Public Offering of Common Stock By An Affiliate of Canada Pension Plan Investment Board
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) announced today the commencement of an underwritten public offering of an aggregate of 6,956,520 shares of it...
IOG Resources II Announces Acquisition
DALLAS--(BUSINESS WIRE)--IOG Resources II, LLC (“IOGR II”) today announced that it has acquired oil and gas working interests and royalty interests (the “Assets”) in the DJ Basin from Civitas Resource...
Civitas Resources, Inc. (CIVI) Q1 2024 Earnings Call Transcript
Civitas Resources, Inc. (NYSE:CIVI) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Brad Whitmarsh - Vice President of Investor Relations Chris Doyle - President and Chi...
Civitas Resources, Inc. Announces Share Repurchase from Vitol
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. Announces Share Repurchase from Vitol.
Civitas Resources Reports First Quarter 2024 Results
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. Reports First Quarter 2024 Results.
Civitas Resources, Inc. Schedules First Quarter 2024 Conference Call and Webcast
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its first quarter 2024 operating and financial results after market close o...