Civitas Resources Inc (NYSE: CIVI) is -26.71% lower on its value in year-to-date trading and has touched a low of $31.69 and a high of $76.02 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 $32.63 in the last trading session, with the day’s gains setting it 0.99%.
Currently trading at $33.62, the stock is -15.28% and -27.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.94 million and changing 3.03% at the moment leaves the stock -38.29% off its SMA200. CIVI registered -49.84% loss for a year compared to 6-month loss of -35.84%. The firm has a 50-day simple moving average (SMA 50) of $46.2462 and a 200-day simple moving average (SMA200) of $55.00255.
The stock witnessed a -31.04% gain in the last 1 month and extending the period to 3 months gives it a -28.57%, and is 0.30% 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 6.41% over the week and 5.19% over the month.
Civitas Resources Inc (CIVI) has around 655 employees, a market worth around $3.13B and $5.21B in sales. Current P/E ratio is 3.97 and Fwd P/E is 3.79. Profit margin for the company is 16.11%. Distance from 52-week low is 6.09% and -55.77% from its 52-week high. The company has generated returns on investments over the last 12 months (7.51%).
with sales reaching $1.18B over the same period.The EPS is expected to shrink by -5.04% this year, but quarterly earnings will post -4.41% year-over-year. Quarterly sales are estimated to shrink -11.15% in year-over-year returns.
Civitas Resources Inc (CIVI) Top Institutional Holders
528.0 institutions hold shares in Civitas Resources Inc (CIVI), with institutional investors hold 104.57% of the company’s shares. The shares outstanding are 93.93M, and float is at 88.04M with Short Float at 6.88%. Institutions hold 103.65% 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 9.5792 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 5.503 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.
