Civitas Resources Inc (NYSE: CIVI) is -7.21% lower on its value in year-to-date trading and has touched a low of $55.76 and a high of $81.61 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CIVI stock was last observed hovering at around $60.75 in the last trading session, with the day’s gains setting it 0.95%.
Currently trading at $61.70, the stock is -3.52% and -7.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 1.56% at the moment leaves the stock -8.94% off its SMA200. CIVI registered -18.55% loss for a year compared to 6-month gain of 0.17%.
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The stock witnessed a -11.97% loss in the last 1 month and extending the period to 3 months gives it a -15.00%, and is -0.29% 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 2.24% over the week and 3.05% over the month.
Civitas Resources Inc (CIVI) has around 516 employees, a market worth around $6.07B and $4.80B in sales. Current P/E ratio is 7.13 and Fwd P/E is 5.15. Profit margin for the company is 17.37%. Distance from 52-week low is 10.66% and -24.40% from its 52-week high. The company has generated returns on investments over the last 12 months (7.27%).
The EPS is expected to grow by 8.84% this year
548.0 institutions hold shares in Civitas Resources Inc (CIVI), with institutional investors hold 105.17% of the company’s shares. The shares outstanding are 93.77M, and float is at 86.43M with Short Float at 2.05%. Institutions hold 96.74% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.9 million shares valued at $683.17 million. The investor’s holdings represent 9.8473 of the CIVI Shares outstanding. As of 2024-06-30, the second largest holder is CANADA PENSION PLAN INVESTMENT BOARD with 9.52 million shares valued at $657.17 million to account for 9.4725 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 8.35 million shares representing 8.3068 and valued at over $576.3 million, while FMR LLC holds 5.4417 of the shares totaling 5.47 million with a market value of $377.53 million.
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.
