Civitas Resources Inc (NYSE: CIVI) is -23.50% 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 $34.28 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $35.09, the stock is 1.37% and -16.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.43 million and changing 2.36% at the moment leaves the stock -33.03% off its SMA200. CIVI registered -52.16% loss for a year compared to 6-month loss of -30.75%. The firm has a 50-day simple moving average (SMA 50) of $42.2098 and a 200-day simple moving average (SMA200) of $52.7739.
The stock witnessed a 1.59% gain in the last 1 month and extending the period to 3 months gives it a -21.36%, and is -3.09% 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 3.47% over the week and 4.59% over the month.
Civitas Resources Inc (CIVI) has around 655 employees, a market worth around $3.26B and $5.21B in sales. Current P/E ratio is 4.14 and Fwd P/E is 4.18. Profit margin for the company is 16.11%. Distance from 52-week low is 10.73% and -53.84% from its 52-week high. The company has generated returns on investments over the last 12 months (7.51%).
The EPS is expected to shrink by -12.46% this year
525.0 institutions hold shares in Civitas Resources Inc (CIVI), with institutional investors hold 104.54% of the company’s shares. The shares outstanding are 93.93M, and float is at 88.04M with Short Float at 8.63%. Institutions hold 103.66% 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 8.4004 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.
