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 6,823 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
0.64% more ownership
Funds ownership: 94.65% [Q2] → 95.3% (+0.64%) [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
16% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 73
27% less capital invested
Capital invested by funds: $6.52B [Q2] → $4.74B (-$1.78B) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$64
20%
upside
Avg. target
$73
37%
upside
High target
$84
57%
upside
7 analyst ratings
7 positive
100%
0 neutral
0%
0 negative
0%
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target | 50%upside $80 | Buy Maintained | 13 Jan 2025 |
Morgan Stanley Devin McDermott 42% 1-year accuracy 10 / 24 met price target | 20%upside $64 | Overweight Initiated | 10 Jan 2025 |
RBC Capital Scott Hanold 72% 1-year accuracy 33 / 46 met price target | 31%upside $70 | Outperform Reiterated | 6 Jan 2025 |
Keybanc Tim Rezvan 58% 1-year accuracy 22 / 38 met price target | 57%upside $84 | Overweight Reiterated | 3 Jan 2025 |
Piper Sandler Mark Lear 54% 1-year accuracy 98 / 181 met price target | 31%upside $70 | Overweight Maintained | 20 Dec 2024 |
Financial journalist opinion
Based on 6 articles about CIVI published over the past 30 days
Neutral
Reuters
5 days ago
Civitas Resources weighs sale of DJ Basin assets, Bloomberg News reports
Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin (DJ Basin) in Colorado, which could be valued at more than $4 billion, Bloomberg News reported on Wednesday.
Positive
Zacks Investment Research
6 days ago
Are Investors Undervaluing Civitas Resources (CIVI) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Seeking Alpha
1 week ago
Undercovered Dozen: Fannie Mae, Civitas Resources, LifeVantage, ZenaTech +
The 'Undercovered' Dozen series highlights lesser-covered stocks, offering investment ideas and encouraging discussion among investors. Pacifica Yield highlights Brookfield Infrastructure's subordinated notes with a 32% discount opportunity and a 7.2% yield, backed by a strong balance sheet and diversified assets. Cerence Inc.'s partnership with Nvidia boosts its AI capabilities according to Uttam Dey, but caution is advised due to recent stock surge and potential volatility.
Positive
Seeking Alpha
1 week ago
Big Dividends And Buybacks: The More It Drops, The More I Buy
While the market is at all-time highs, some sectors are actually in correction territory. I share one that has pulled back by ~10% in recent weeks, yet contains several opportunities with extremely strong fundamentals, attractive yields, big buybacks, and sound balance sheets. I share one of my top picks.
Positive
Seeking Alpha
2 weeks ago
Bargain Civitas Resources Is Speculatively Interesting
Bargain Civitas Resources Is Speculatively Interesting
Neutral
Seeking Alpha
2 weeks ago
18-25% Cash Flow Yields: 1 To Buy, 2 To Avoid
High cash flow yield stocks offer the potential for massive total returns. However, not all high cash flow yields are good investments. I share one that is a Strong Buy right now and two that I think should be avoided.
Positive
Seeking Alpha
1 month 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
2 months 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
2 months 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
2 months 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.
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