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Civitas Resources Inc (CIVI) Review – Making Smarter Decisions

Civitas Resources Inc (NYSE: CIVI) is 13.34% higher on its value in year-to-date trading and has touched a low of $59.58 and a high of $82.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CIVI stock was last observed hovering at around $76.68 in the last trading session, with the day’s loss setting it -0.21%.

Currently trading at $76.47, the stock is 3.08% and 3.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -0.27% at the moment leaves the stock 7.74% off its SMA200. CIVI registered 21.51% gain for a year compared to 6-month gain of 13.90%.

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The stock witnessed a 3.38% loss in the last 1 month and extending the period to 3 months gives it a 25.27%, and is -0.65% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.23% over the week and 2.59% over the month.

Civitas Resources Inc (CIVI) has around 516 employees, a market worth around $7.65B and $4.15B in sales. Current P/E ratio is 9.31 and Fwd P/E is 5.47. Profit margin for the company is 18.25%. Distance from 52-week low is 28.36% and -7.65% from its 52-week high. The company has generated returns on investments over the last 12 months (6.84%).

The EPS is expected to grow by 28.80% this year

The shares outstanding are 93.77M, and float is at 82.74M with Short Float at 3.85%.

Civitas Resources Inc (CIVI) Insider Activity

The most recent transaction is an insider sale by Kimmeridge Energy Management C, the company’s 10% Owner. SEC filings show that Kimmeridge Energy Management C sold 3,296,475 shares of the company’s common stock on Jul 19 ’23 at a price of $70.50 per share for a total of $232.4 million. Following the sale, the insider now owns 8.35 million shares.

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