Civitas Resources, Inc. (CIVI)

NYSE: CIVI · IEX Real-Time Price · USD
72.69
-1.28 (-1.74%)
Apr 17, 2024, 3:32 PM EDT - Market open
-1.74%
Market Cap 7.34B
Revenue (ttm) 3.48B
Net Income (ttm) 784.29M
Shares Out 101.02M
EPS (ttm) 9.02
PE Ratio 8.10
Forward PE 5.83
Dividend $3.86 (5.31%)
Ex-Dividend Date Mar 14, 2024
Volume 482,217
Open 74.01
Previous Close 73.97
Day's Range 72.60 - 74.49
52-Week Range 60.38 - 86.58
Beta 1.56
Analysts Strong Buy
Price Target 92.75 (+27.61%)
Earnings Date May 2, 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]

Sector Energy
IPO Date Dec 15, 2011
Employees 516
Stock Exchange NYSE
Ticker Symbol CIVI
Full Company Profile

Financial Performance

In 2023, CIVI'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 Statements

Analyst Forecast

According to 8 analysts, the average rating for CIVI stock is "Strong Buy." The 12-month stock price forecast is $92.75, which is an increase of 27.61% from the latest price.

Price Target
$92.75
(27.61% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

12 days ago - Business Wire

Civitas Resources, Inc. Announces Share Repurchase From NGP

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 876 thousand shares of i...

7 weeks ago - Business Wire

Civitas Announces Fourth Quarter and Full-Year 2023 Results

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its fourth quarter and full-year 2023 financial and operating results, as well as provided its...

7 weeks ago - Business Wire

Civitas Resources, Inc. Schedules Year-end 2023 and 2024 Outlook Conference Call and Webcast

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its fourth quarter 2023 operating and financial results and its 2024 outloo...

2 months ago - Business Wire

Gas Prices & Energy Stocks To Watch

Macro concerns are likely to outweigh fundamentals in 2024 as oil and gas prices may trade sideways, notes Mizuho's Nitin Kumar. He and Gas Buddy's Patrick De Haan discusses the outlook for the energy...

2 months ago - Schwab Network

These 3 Energy Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - APA (NASDAQ:APA), Civitas Resources (NYSE:CIVI)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: APAVLO
2 months ago - Benzinga

Top Wall Street analysts recommend these stocks for dividend-oriented investors

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Civitas Resources and Williams Companies.

Other symbols: KIMWMB
3 months ago - CNBC

Civitas Resources Appoints Brad Whitmarsh to Lead Investor Relations Program

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today announced that Brad Whitmarsh has joined Civitas as Vice President, Investor Relations. Mr. Whitmarsh w...

3 months ago - Business Wire

Civitas Resources Closes Acquisition of Vencer Energy

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas”) today announced the closing of its previously announced acquisition (the “Acquisition”) of certain oil and gas assets in the M...

3 months ago - Business Wire

11 dividend stocks with high yields expected to be well supported in 2024 per strict criteria

Investors have different approaches to stock dividends. Some have no interest in current income and would prefer companies to focus on growing their businesses, rather than distributing cash to shareh...

4 months ago - Market Watch

20 midcap stocks with 2024 upside ranging up to 62%, according to analysts

When investors think about whether to increase their exposure beyond the big companies that grab most of the headlines in the financial media, they are likely to look at small-cap stocks first. After ...

4 months ago - Market Watch

Civitas Resources Announces Third Quarter 2023 Results

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced its third quarter 2023 financial and operating results. A conference call is planned for 8 a....

5 months ago - Business Wire

Top Wall Street analysts favor these five dividend stocks during tumultuous times

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Cisco and Chesapeake Energy.

Other symbols: BMYCHKCSCOEOG
6 months ago - CNBC

Civitas Resources, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its third quarter 2023 operating and financial results after market close o...

6 months ago - Business Wire

Civitas Resources, Inc. Announces Pricing of $1,000 Million of New Senior Notes Due 2030

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (the “Company”) (NYSE: CIVI) today announced that it has priced a private placement (the “Offering”) to eligible purchasers under Rule 144A and Regulat...

6 months ago - Business Wire

Civitas Issues Statement in Conjunction with Debt Offering

DENVER--(BUSINESS WIRE)--Civitas Resources' (NYSE: CIVI) (“Civitas” or the “Company”) CEO Chris Doyle today issued the following statement in conjunction with the Company's recently announced debt off...

6 months ago - Business Wire

Civitas Resources, Inc. Announces Offering of $1,000 Million of New Senior Notes Due 2030

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (the “Company”) (NYSE: CIVI) today announced that, subject to market conditions, it intends to offer $1,000 million in aggregate principal amount of se...

6 months ago - Business Wire

These oil stocks are looking cheap as Exxon Mobil reportedly mulls a bid for Pioneer

Pioneer Natural Resources is in play, with the Wall Street Journal reporting that Exxon Mobil is close to making a bid to buy out its smaller competitor. So that raises the question: which other oil c...

Other symbols: XOMDVNPUMPPXDVTLEXLE
6 months ago - Market Watch

Vitol Has Agreed to Sell the Assets of Vencer Energy to Civitas Resources

HOUSTON--(BUSINESS WIRE)--Vitol has agreed to sell the assets of Vencer Energy to Civitas Resources for $2.15 billion, subject to customary terms, conditions, and closing price adjustments. Establishe...

7 months ago - Business Wire

Civitas to pay $2B for Texas oil producing assets to Vitol-backed company

Civitas Resources Inc. CIVI, -0.32% said Wednesday it agreed to pay $2.1 billion to Vencer Energy, a business backed by Luxembourg-based investment holding company Vitol, for oil producing assets in t...

7 months ago - Market Watch

Civitas Resources Adds Accretive Bolt-on in Permian Basin

DENVER--(BUSINESS WIRE)--Civitas Resources (NYSE: CIVI) (“Civitas”) today signed an agreement with Vencer Energy (“Vencer”), a Vitol investment, to acquire oil producing assets in the Midland Basin of...

7 months ago - Business Wire

Civitas Resources Set to Join S&P MidCap 400; Hayward Holdings to Join S&P SmallCap 600

NEW YORK , Sept. 26, 2023 /PRNewswire/ -- S&P SmallCap 600 constituent Civitas Resources Inc. (NYSE: CIVI) will replace Syneos Health Inc. (NASD: SYNH) in the S&P MidCap 400, and Hayward Holdings Inc....

Other symbols: HAYW
7 months ago - PRNewsWire

Now's the time to own dividend-paying stocks. These 5 offer up to a 9% yield.

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:...

Other symbols: VZFLOKEPK
8 months ago - Market Watch

Civitas Resources Appoints Jeff Kelly to Leadership Team

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today announced the appointment of Jeff Kelly as Chief Transformation Officer, effective August 3, 2023. Chri...

9 months ago - Business Wire

Civitas Resources Releases 2023 Corporate Sustainability Report

Report Highlights Company's Progress on Ambitious Sustainability Commitments DENVER , Aug. 7, 2023 /PRNewswire/ -- Civitas Resources, Inc. (NYSE: CIVI) released its second Corporate Sustainability Rep...

9 months ago - PRNewsWire