Civitas Resources Inc. (CIVI) can make a big difference with a little luck

Civitas Resources Inc. (NYSE: CIVI) stock jumped 1.08% on Wednesday to $73.14 against a previous-day closing price of $72.36. With 0.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.79 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $73.82 whereas the lowest price it dropped to was $71.71. The 52-week range on CIVI shows that it touched its highest point at $78.01 and its lowest point at $41.15 during that stretch. It currently has a 1-year price target of $82.29. With its current market cap of 5.89 billion, CIVI has annualized dividend of $2.00 while the current yield stands at 2.73%. Beta for the stock currently stands at 1.75.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CIVI was up-trending over the past week, with a rise of 7.89%, but this was up by 6.91% over a month. Three-month performance surged to 6.91% while six-month performance rose 17.57%. The stock gained 15.98% in the past year, while it has gained 29.50% so far this year. A look at the trailing 12-month EPS for CIVI yields 15.96 with Next year EPS estimates of 10.63. For the next quarter, that number is 2.21. This implies an EPS growth rate of 207.60% for this year and 9.80% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 164.00%.

Float and Shares Shorts:

At present, 81.72 million CIVI shares are outstanding with a float of 79.44 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.66 million, which was 7.05% higher than short shares on Mar 30, 2023. In addition to Mr. M. Christopher Doyle as the firm’s Pres, CEO & Director, Ms. Marianella Foschi serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 107.81% of CIVI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 72.99% of CIVI, in contrast to 21.36% held by mutual funds. Shares owned by individuals account for 18.65%. As the largest shareholder in CIVI with 20.55% of the stake, Canada Pension Plan Investment Bo holds 16,480,721 shares worth 16,480,721. A second-largest stockholder of CIVI, BlackRock Fund Advisors, holds 8,892,196 shares, controlling over 11.09% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CIVI, holding 8,353,205 shares or 10.41% stake. With a 26.68% stake in CIVI, the Canada Pension Plan is the largest stakeholder. A total of 21,399,000 shares are owned by the mutual fund manager. The iShares Core S&P Small Cap ETF, which owns about 4.70% of CIVI stock, is the second-largest Mutual Fund holder. It holds 3,766,034 shares valued at 260.04 million. Fidelity Low Priced Stock Fund holds 3.62% of the stake in CIVI, owning 2,903,412 shares worth 200.48 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CIVI reported revenue of $1.15B and operating income of $699.16M. The EBITDA in the recently reported quarter was $905.64M and diluted EPS was $5.48.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CIVI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CIVI analysts setting a high price target of $93.00 and a low target of $74.00, the average target price over the next 12 months is $82.75. Based on these targets, CIVI could surge 27.15% to reach the target high and rise by 1.18% to reach the target low. Reaching the average price target will result in a growth of 13.14% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CIVI stock several times over the past three months with 8 Buys and 1 Sells. In these transactions, 100,052 shares were bought while 8,223 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 273,574 while 4,978,004 shares were sold.

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