At the last check on Friday, Civitas Resources Inc.’s (NYSE:CIVI) stock was up $2.79, moving up 3.85 percent to $75.19. The average number of shares traded per day over the past five days has been 835,991 shares. 2 times new highs have been achieved over the past 5 days, with a $0.81 gain in that time frame. In the last twenty days, the average volume was 809,078, while in the previous 50 days, it was 806,347.
Since last month, CIVI stock rose 13.43%. Shares of the company fell to $65.43 on 07/06/23, the lowest level in the past month. A 52-week high of $76.20 was reached on 07/19/23 after having rallying from a 52-week low of $49.02. Since the beginning of this year, CIVI’s stock price has risen by 36.25% or $16.73, and marked a new high 19 times. However, the stock has declined by -1.33% since its 52-week high.
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CIVI stock investors should be aware that Civitas Resources Inc. (CIVI) stock had its last reported insider trading activity 16 days ago on Jul 19. Kimmeridge Energy Management C, the 10% Owner of the company, disposed of 3,296,475 shares for $70.50 on Jul 19. It resulted in a $232,401,488 divestment by the insider. Counts Travis L added 6,835 shares at an average price of $68.20 on May 05. The insider now owns 36,799 shares following the transaction. On Jan 27, 10% Owner CANADA PENSION PLAN INVESTMENT sold 4,918,032 shares at $61.00 apiece. The transaction was valued at $299,999,952.
Valuation Metrics
Right now, Civitas Resources Inc. (CIVI) has a P/E ratio of about 4.71. The stock’s beta is 1.77. Besides these, the trailing price-to-sales (P/S) ratio of 1.60, the price-to-book (PB) ratio of 1.20, and the price-to-cash flow ratio of 7.18 may also be considered.
The latest dividend of $0.50 per share was paid out, remained unchanged from last year’s $0.50. On Wednesday May 3 2023, a $1.65 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.08, and the total debt-to-equity ratio was 0.08. On the profitability front, the trailing twelve-month gross margin is 94.00% percent. In the year ended June 29, EBITDA margin amounted to 75.47%, whereas operating margins totaled 50.20%. Based on annual data, CIVI earned $1.98 billion in gross profit and brought in $3.79 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 27.40%. Return on equity (ROE) for the past 12 months was 26.20%.
In Civitas Resources Inc.’s quarter-end financial report for June 29, it reported total debt of $3.05 billion against cash and short-term investments of $352.5 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CIVI’s revenue fell -74.31% to $656.02 million during the quarter, while net income inched up to $660.53 million. While analysts expected Civitas Resources Inc. to report $1.69 quarterly earnings, the actual figure was $1.6 per share, beating the consensus estimate by -5.30%. During the quarter, the company generated $413.38 million in EBITDA. The liabilities of Civitas Resources Inc. were 5.12 billion at the end of its most recent quarter ended June 29, and its total debt was $3.09 billion. The value of shareholders’ equity is $93.76 million.
Technical Picture
This quick technical analysis looks at Civitas Resources Inc.’s (CIVI) price momentum. With a historical volatility rate of 33.35%, the RSI 9-day stood at 58.80% on 03 August.
With respect to its five-day moving average, the current Civitas Resources Inc. price is up by +1.10% percent or $0.81. At present, CIVI shares trade +8.55% above its 20-day simple moving average and +13.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.18% above its SMA50 and +15.18% above its SMA200.
Stochastic coefficient K was 59.73% and Stochastic coefficient D was 66.58%, while ATR was 2.51. Given the Stochastic reading of 75.63% for the 14-day period, the RSI (14) reading has been calculated as 57.58%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.28.
Analyst Ratings
Mizuho launched its rating on Civitas Resources Inc. (NYSE: CIVI) to a Neutral in a note to investors on January 10, 2023. Civitas Resources Inc. (CIVI) has been rated Buy by analysts. According to 0 brokerage firms, CIVI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Civitas Resources Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $84.00, the current consensus forecast for the stock is $75.00 – $103.00. Based on these forecasts, analysts predict Civitas Resources Inc. (CIVI) will achieve an average price target of $86.29.
