Civitas Resources Inc (NYSE: CIVI) is 1.43% higher on its value in year-to-date trading and has touched a low of $58.72 and a high of $81.61 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 $66.23 in the last trading session, with the day’s gains setting it 1.22%.
Currently trading at $67.45, the stock is -1.96% and -5.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 1.84% at the moment leaves the stock -2.91% off its SMA200. CIVI registered 10.29% gain for a year compared to 6-month gain of -0.00%.
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The stock witnessed a -8.74% loss in the last 1 month and extending the period to 3 months gives it a -9.04%, and is -0.15% 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 2.42% over the week and 2.52% over the month.
Civitas Resources Inc (CIVI) has around 516 employees, a market worth around $6.75B and $4.15B in sales. Current P/E ratio is 8.21 and Fwd P/E is 4.83. Profit margin for the company is 18.25%. Distance from 52-week low is 14.87% and -17.35% 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 29.77% this year
The shares outstanding are 93.77M, and float is at 85.10M with Short Float at 3.50%.
Civitas Resources Inc (CIVI) Insider Activity
The most recent transaction is an insider sale by CANADA PENSION PLAN INVESTMENT, the company’s 10% Owner. SEC filings show that CANADA PENSION PLAN INVESTMENT sold 6,956,520 shares of the company’s common stock on May 15 ’24 at a price of $73.22 per share for a total of $509.36 million. Following the sale, the insider now owns 9.52 million shares.
Civitas Resources Inc disclosed in a document filed with the SEC on Jul 19 ’23 that Kimmeridge Energy Management C (10% Owner) sold a total of 3,296,475 shares of the company’s common stock. The trade occurred on Jul 19 ’23 and was made at $70.50 per share for $232.4 million. Following the transaction, the insider now directly holds 8.35 million shares of the CIVI stock.
