Civitas Resources Inc (CIVI) saw an uptrend of 9.16% in the recent trading with $31.83 being its most recent. The current price level -56.17% lower than the highest price of $72.63 marked by the stock while trading over the past 52-weeks, whereas it is 39.67% higher than the lowest price of $22.79 the company dropped to over past 52-weeks. The latest news story on CIVI appeared in (Zacks) under the title “How to Find Strong Oils and Energy Stocks Slated for Positive Earnings Surprises” on Today.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 15 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.94 for the stock.
Civitas Resources Inc Earnings – What Happened With CIVI
Coming around sales and income figures on CIVI Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Civitas Resources Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 92.58 million. CIVI does have institutional investors; and they hold 102.55% of the stock.
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Civitas Resources Inc (NYSE:CIVI) with an ownership of 9.9 million shares of the company or 9.9582 of the stake worth $683.17 million. The filing also reveals CANADA PENSION PLAN INVESTMENT BOARD as the second largest holder in the company with a control over 9.5792 of the outstanding shares. Its stake is worth $657.17 million for having 9.52 million shares in hand.
BLACKROCK INC. also came holding a key position in the company during the recent quarter and it now holds 8.4004 of the outstanding shares. With this there are now 515.0 institutions which have possession in CIVI’s shares.
Key Metrics forCIVI
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Civitas Resources Inc has a debt to equity ratio of 0.76.
Technical Analysis of Civitas Resources Inc (NYSE:CIVI) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Civitas Resources Inc (CIVI), we notice that the stock’s 20-day average volume is at 2,715,215 shares. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 2,266,810 shares. And to end, CIVI’s 100-day average volume is 2,411,300 shares with 100% of the long-term indicators pointing towards Sell for the stock.
