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Friday, September 29, 2023

Taking On Challenges And Growing? – Civitas Resources Inc. (CIVI)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Civitas Resources Inc. (CIVI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.48, or 0.58%, to $83.38. The Civitas Resources Inc. has recorded 59,800 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Civitas Resources Appoints Jeff Kelly to Leadership Team.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $82.90 and fluctuated between $84.91 as its day high and $82.62 as its day low. The current market capitalization of Civitas Resources Inc. is $7.78B. A total of 1.13 million shares were traded on the day, compared to an average of 1.08M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CIVI has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 13,609 and the disposition of 3,300,539 shares. Over the last 12 months, there were 22 BUYs and 13 SELLs from insiders. Insiders purchased 173,119 shares during that period but sold 8,243,311.

In the most recent transaction, Kimmeridge Energy Management C sold 3,296,475 shares of CIVI for 70.50 per share on Jul 19. After the transaction, the 10% Owner now owns 8,348,022 company shares. In a previous transaction on May 05, Counts Travis L bought 6,835 shares at 68.20 per share. CIVI shares that Chief Legal Officer & Sec. owns now total 36,799.

Among the insiders who sold shares, CANADA PENSION PLAN INVESTMENT disposed of 4,918,032 shares on Jan 27 at a per-share price of $61.00. This resulted in the 10% Owner holding 16,480,721 shares of CIVI after the transaction.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Civitas Resources Inc. pays an annual dividend of $2.00, resulting in a dividend yield of 2.41%, and it has a price to earnings (P/E) ratio of 6.80. CIVI’s most recent ex-dividend date was 9/14/2023 when it declared a $0.50 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/29/2023 with an ex-dividend date of 6/14/2023. The CIVI stock dividend was $0.50 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CIVI in the last 3 months, the mean price target is $94.00 with high estimates of $107.00 and low estimates of $75.00. In terms of 52-week highs and lows, CIVI has a high of $85.30 and a low of $48.30.

As of this writing, CIVI has an earnings estimate of $2.32 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $2.89 per share and a lower estimate of $1.99. The company reported an EPS of $2.13 in the last quarter, which was 5.40% higher than expectations of $2.02.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CIVI’s latest balance sheet shows that the firm has $254.45M in Cash & Short Term Investments as of fiscal 2021. There were $531.98M in debt and $1.12B in liabilities at the time. Its Book Value Per Share was $62.78, while its Total Shareholder’s Equity was $4.65B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIVI is Buy with a score of 4.75.

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