6 analysts have expressed a variety of opinions on Civitas Resources CIVI over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $95.67, along with a high estimate of $110.00 and a low estimate of $89.00. Surpassing the previous average price target of $94.20, the current average has increased by 1.56%.
Understanding Analyst Ratings: A Comprehensive Breakdown
A clear picture of Civitas Resources's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| William Janela | Mizuho | Maintains | Buy | $90.00 | $90.00 |
| William Janela | Mizuho | Raises | Buy | $90.00 | $86.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $103.00 | $92.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $110.00 | $107.00 |
| Mark Lear | Piper Sandler | Announces | Overweight | $92.00 | - |
| Tim Rezvan | Keybanc | Lowers | Overweight | $89.00 | $96.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Civitas Resources. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Civitas Resources compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Civitas Resources's stock. This analysis reveals shifts in analysts' expectations over time.
Capture valuable insights into Civitas Resources's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Civitas Resources analyst ratings.
All You Need to Know About Civitas Resources
Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.
Civitas Resources: A Financial Overview
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Civitas Resources's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 38.38%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Civitas Resources's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 26.88%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Civitas Resources's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 4.96%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Civitas Resources's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 2.25%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Civitas Resources's debt-to-equity ratio surpasses industry norms, standing at 0.8. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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