Civitas ResourcesCIVI
CIVI
About: Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.
Employees: 516
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
52% more repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 115
0.48% more ownership
Funds ownership: 94.27% [Q2] → 94.75% (+0.48%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 10 [Q2] → 10 (+0) [Q3]
4% less funds holding
Funds holding: 410 [Q2] → 392 (-18) [Q3]
10% less call options, than puts
Call options by funds: $22.4M | Put options by funds: $25M
23% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 79
27% less capital invested
Capital invested by funds: $6.5B [Q2] → $4.71B (-$1.78B) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$60
40%
upside
Avg. target
$73
70%
upside
High target
$84
96%
upside
7 analyst ratings
6 positive
86%
1 neutral
14%
0 negative
0%
Piper Sandler Mark Lear 33% 1-year accuracy 53 / 163 met price target | 63%upside $70 | Overweight Maintained | 20 Dec 2024 |
RBC Capital Scott Hanold 35% 1-year accuracy 15 / 43 met price target | 63%upside $70 | Market Outperform Reiterated | 19 Dec 2024 |
Mizuho William Janela 32% 1-year accuracy 8 / 25 met price target | 82%upside $78 | Outperform Maintained | 16 Dec 2024 |
JP Morgan Zach Parham 60% 1-year accuracy 9 / 15 met price target | 59%upside $68 | Overweight Maintained | 5 Dec 2024 |
UBS Josh Silverstein 11% 1-year accuracy 5 / 47 met price target | 40%upside $60 | Neutral Initiated | 16 Oct 2024 |
Financial journalist opinion
Positive
Seeking Alpha
2 days ago
Civitas Continues To Deliver Peer-Leading Free Cash Flow
Civitas Resources, operating in the DJ and Permian Basins, offers a strong base dividend of 4.2% and potential price tailwinds from share repurchases. Despite a 33.92% YTD decline, Civitas has robust free cash flow and resolved regulatory uncertainties in Colorado until 2028. On a YTD basis, the production profile is 2/3 oil and 1/3 natural gas, though Civitas can shift production to more gas if there are pricing tailwinds.
Positive
Seeking Alpha
1 month ago
High Yield Oil And Gas Ranked By Relative Quality
With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-factor relative value matrix and ranked from most to least favorable. Based on this evaluation, EQNR, VRN, MGYOY, PCCYF, and CHRD appear to be the best prospects.
Neutral
Seeking Alpha
1 month ago
Civitas Resources, Inc. (CIVI) Q3 2024 Earnings Call Transcript
Civitas Resources, Inc. (NYSE:CIVI ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Brad Whitmarsh - Head, Investor Relations Chris Doyle - Chief Executive Officer Marianella Foschi - Chief Financial Officer Hodge Walker - Chief Operating Officer Conference Call Participants Neal Dingmann - Truist Securities Zach Parham - J.P. Morgan Scott Hanold - RBC Capital Markets Francis DiGiovanna - TD Cowen Leo Mariani - ROTH Tim Rezvan - KeyBanc Capital Markets Oliver Huang - TPH John Abbott - Wolfe Research Noel Parks - Tuohy Brothers Operator Good day and thank you for standing by.
Positive
Seeking Alpha
1 month ago
Stock Picks From Seeking Alpha's October 2024 New Analysts
In October, 42 new analysts joined Seeking Alpha, sharing diverse investment ideas and strategies, from biotech to real estate. Highlighted strong buy recommendations include MicroStrategy, CorMedix, Hewlett Packard Enterprise, Vertex Pharmaceuticals, and several others. Readers are encouraged to engage with the new analysts, share thoughts on their picks, and join the conversation.
Positive
Zacks Investment Research
1 month ago
Civitas Resources (CIVI) Surpasses Q3 Earnings Estimates
Civitas Resources (CIVI) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.56 per share a year ago.
Neutral
Business Wire
1 month ago
Civitas Resources, Inc. Declares Quarterly Cash Dividend
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that its Board of Directors approved a quarterly dividend of $0.50 per share, payable on December 27, 2024 to shareholders of record as of December 13, 2024. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the DJ Basin in C.
Neutral
Business Wire
1 month ago
Civitas Resources, Inc. Reports Third Quarter 2024 Results
DENVER--(BUSINESS WIRE)--Civitas issues third quarter 2024 earnings release.
Neutral
Zacks Investment Research
1 month ago
A Closer Look at the U.S. Upstream Oil & Gas Industry
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise focusing on shares of companies like CIVI, NOG, CRC and AMPY.
Neutral
Zacks Investment Research
1 month ago
Civitas Resources (CIVI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Civitas (CIVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Seeking Alpha
2 months ago
Civitas Resources: A Strategic Growth And Value Play Opportunity
Civitas Resources is undervalued but with strong growth potential, driven by strategic acquisitions in key U.S. oil basins and a solid dividend strategy. Despite elevated debt levels, Civitas maintains a robust interest coverage ratio and continues to prioritize shareholder returns through dividends and stock buybacks. The company's commitment to sustainability and advanced drilling techniques positions it well for long-term growth in the competitive oil & gas sector.
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