Civitas Resources (CIVI)

• Market cap: $3.19B
• 1 day: -1.78%
• 5 days: -7.25%
• 1 month: -2.64%
• 3 months: -28.16%
• 6 months: -33.80%
• Year to date: -28.16%
• 1 year: -54.83%
• 5 years: 196.71%
• 10 years: 41.38%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

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: 655

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

15% more call options, than puts

Call options by funds: $24.9M | Put options by funds: $21.7M

1.64% more ownership

Funds ownership: 95.32% [Q3] → 96.96% (+1.64%) [Q4]

9% less repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 149

4% less funds holding

Funds holding: 394 [Q3] → 378 (-16) [Q4]

10% less capital invested

Capital invested by funds: $4.74B [Q3] → $4.29B (-$452M) [Q4]

14% less first-time investments, than exits

New positions opened: 64 | Existing positions closed: 74

50% less funds holding in top 10

Funds holding in top 10: 10 [Q3] → 5 (-5) [Q4]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $42 23% upside
• Avg. target: $59 72% upside
• High target: $77 125% upside

8 analyst ratings

• positive: 6 75%
• neutral: 2 25%
• negative: 0 0%

Morgan Stanley Devin McDermott 38% 1-year accuracy 13 / 34 met price target	40% upside $48	Overweight Maintained	27 Mar 2025
BMO Capital Phillip Jungwirth 25% 1-year accuracy 4 / 16 met price target	23% upside $42	Market Perform Downgraded	24 Mar 2025
Jefferies Lloyd Byrne 57% 1-year accuracy 13 / 23 met price target	40% upside $48	Buy Maintained	17 Mar 2025
JP Morgan Zach Parham 57% 1-year accuracy 13 / 23 met price target	43% upside $49	Neutral Maintained	13 Mar 2025
Piper Sandler Mark Lear 43% 1-year accuracy 73 / 169 met price target	93% upside $66	Overweight Maintained	6 Mar 2025