Civitas Resources Inc (NYSE: CIVI) is -16.08% lower on its value in year-to-date trading and has touched a low of $50.71 and a high of $78.96 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 $54.13 in the last trading session, with the day’s gains setting it 0.61%.
Currently trading at $54.74, the stock is -2.99% and -11.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing 1.13% at the moment leaves the stock -16.46% off its SMA200. CIVI registered -28.45% loss for a year compared to 6-month loss of -24.74%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -8.14% gain in the last 1 month and extending the period to 3 months gives it a -17.26%, and is 4.29% up 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 2.48% over the week and 2.78% over the month.
Civitas Resources Inc (CIVI) has around 516 employees, a market worth around $5.38B and $4.80B in sales. Current P/E ratio is 6.33 and Fwd P/E is 5.44. Profit margin for the company is 17.37%. Distance from 52-week low is 7.94% and -30.68% from its 52-week high. The company has generated returns on investments over the last 12 months (7.27%).
The EPS is expected to shrink by -0.57% this year
555.0 institutions hold shares in Civitas Resources Inc (CIVI), with institutional investors hold 97.62% of the company’s shares. The shares outstanding are 93.77M, and float is at 93.45M with Short Float at 3.48%. Institutions hold 96.93% 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.
