Civitas Resources Inc (CIVI) saw downtrend of -0.49% in the recent trading with $28.53 being its most recent. The current price level -54.43% lower than the highest price of $62.60 marked by the stock while trading over the past 52-weeks, whereas it is 25.19% 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 “Gulfport Energy (GPOR) Q2 Earnings Miss Estimates” on.
Looking into the simple moving average, Civitas Resources Inc (CIVI)’s stock stands at a SMA-50 of $29.90 while that of 5-day is reading $29.53.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CIVI’s SMA-200 as of now is $39.06.
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 103.40% 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 518.0 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.
