Civitas Resources, Inc. (CIVI)
NYSE: CIVI · IEX Real-Time Price · USD
69.67
+1.05 (1.53%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Civitas Resources Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Civitas Resources stock have an average target of 95.89, with a low estimate of 86 and a high estimate of 105. The average target predicts an increase of 37.63% from the current stock price of 69.67.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for CIVI stock from 9 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 5 | 5 | 5 |
| Buy | 2 | 3 | 3 | 3 | 4 | 4 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 8 | 8 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Initiates $90 | Strong Buy | Initiates | $90 | +29.18% | Jun 13, 2024 |
| RBC Capital | RBC Capital | Buy Initiates $90 | Buy | Initiates | $90 | +29.18% | May 28, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $90 → $98 | Strong Buy | Maintains | $90 → $98 | +40.66% | May 13, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $103 → $105 | Strong Buy | Maintains | $103 → $105 | +50.71% | May 6, 2024 |
| Keybanc | Keybanc | Buy Maintains $89 → $94 | Buy | Maintains | $89 → $94 | +34.92% | Apr 22, 2024 |
Financial Forecast
Revenue This Year
5.62B
from 3.48B
Increased by 61.39%
Revenue Next Year
5.86B
from 5.62B
Increased by 4.33%
EPS This Year
12.68
from 9.02
Increased by 40.54%
EPS Next Year
14.61
from 12.68
Increased by 15.24%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.9B | 6.7B | 5.8B |
| Avg | 5.6B | 5.9B | 5.6B |
| Low | 5.3B | 5.3B | 5.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 68.6% | 19.1% | -1.3% |
| Avg | 61.4% | 4.3% | -4.2% |
| Low | 52.4% | -5.6% | -7.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 14.03 | 19.95 | 15.77 | 11.54 |
| Avg | 12.68 | 14.61 | 13.26 | 11.21 |
| Low | 11.37 | 11.52 | 9.77 | 10.77 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 55.5% | 57.4% | 8.0% | -13.0% |
| Avg | 40.5% | 15.2% | -9.2% | -15.5% |
| Low | 26.0% | -9.1% | -33.1% | -18.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.