Civitas Resources, Inc. (CIVI)
Market Cap | 7.45B |
Revenue (ttm) | 3.48B |
Net Income (ttm) | 784.29M |
Shares Out | 101.02M |
EPS (ttm) | 9.02 |
PE Ratio | 8.42 |
Forward PE | 6.49 |
Dividend | $3.86 (5.09%) |
Ex-Dividend Date | Mar 14, 2024 |
Volume | 1,556,247 |
Open | 75.30 |
Previous Close | 74.94 |
Day's Range | 74.94 - 76.56 |
52-Week Range | 60.38 - 86.58 |
Beta | 1.55 |
Analysts | Strong Buy |
Price Target | 93.63 (+23.34%) |
Earnings Date | May 1, 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, 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 StatementsAnalyst Forecast
According to 8 analysts, the average rating for CIVI stock is "Strong Buy." The 12-month stock price forecast is $93.63, which is an increase of 23.34% from the latest price.
News
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...
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...
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...
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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...
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...
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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....
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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...
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...
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...
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...
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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...
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...
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...
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....
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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...
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...
Civitas Resources Announces Second Quarter 2023 Results
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced its second quarter 2023 financial and operating results. In addition, the Company also announ...