An analyst sees good growth prospects for Civitas Resources Inc (CIVI)

With 0.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.56 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $71.32 whereas the lowest price it dropped to was $69.2. The 52-week range on CIVI shows that it touched its highest point at $81.61 and its lowest point at $58.72 during that stretch. It currently has a 1-year price target of $95.87. With its current market cap of 7.09 billion, CIVI has annualized dividend of $2.00 while the current yield stands at 2.82%. CIVI paid its most recent dividend on 1718150400, while the ex-dividend date for that was 1718150400. Beta for the stock currently stands at 1.49.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CIVI was up-trending over the past week, with a rise of 3.63%, but this was up by 3.23% over a month. Three-month performance dropped to -4.95% while six-month performance rose 7.00%. The stock gained 8.13% in the past year, while it has gained 6.53% so far this year. A look at the trailing 12-month EPS for CIVI yields 8.21 with Next year EPS estimates of 13.68. For the next quarter, that number is 2.94. This implies an EPS growth rate of 29.01% for this year and 12.96% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.01%.

Float and Shares Shorts:

At present, 93.77 million CIVI shares are outstanding with a float of 85.10 million shares on hand for trading. On 2024-06-14, short shares totaled 2.77 million, which was 276.0 higher than short shares on 1715731200. In addition to Mr. M. Christopher Doyle as the firm’s President, CEO & Director, Ms. Marianella Foschi serves as its Chief Financial Officer & Treasurer.

Institutional Ownership:

Through their ownership of 0.84080005 of CIVI’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, CIVI reported revenue of $1329203000.0 and operating income of $449552000.0. The EBITDA in the recently reported quarter was $907338000.0 and diluted EPS was $1.74.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CIVI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.