The stock of Civitas Resources Inc (NYSE:CIVI) last traded at $69.00, down -0.04% from the previous session.
CIVI stock price is now -2.67% away from the 50-day moving average and -0.23% away from the 200-day moving average. The market capitalization of the company currently stands at $6.91B.
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With the price target of $90, TD Cowen recently initiated with Buy rating for Civitas Resources Inc (NYSE: CIVI). On May 28, 2024, RBC Capital Mkts recently initiated its ‘Outperform’ rating on the stock quoting a target price of $90, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, CANADA PENSION PLAN INVESTMENT, 10% Owner sold 6,956,520 shares of the company’s stock on May 15 ’24. The stock was sold for $509,356,394 at an average price of $73.22. Upon completion of the transaction, the 10% Owner now directly owns 9,524,201 shares in the company, valued at $657.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 19 ’23, 10% Owner Kimmeridge Energy Management C sold 3,296,475 shares of the business’s stock. A total of $232,401,488 was realized by selling the stock at an average price of $70.50. This leaves the insider owning 8,348,022 shares of the company worth $576.01 million. A total of 14.98% of the company’s stock is owned by insiders.
During the past 12 months, Civitas Resources Inc has had a low of $58.72 and a high of $81.61. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 0.37, and a quick ratio of 0.37. According to the stock market information, the enterprise value for the company is $11291859968, which is based on a 8.40 price-to-earnings ratio, a 0.56 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for CIVI is $71.6366 and a two-hundred day moving average price translates $71.0316 for the stock.
The latest earnings results from Civitas Resources Inc (NYSE: CIVI) was released for 2024-03-31. The net profit margin was 18.25% and return on equity was 12.91% for CIVI. The company reported revenue of $1.33 billion for the quarter, compared to $656.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 102.62 percent.
