27-Mar-2024
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Civitas Resources, Inc. Announces Share Repurchase From NGP
Business Wire (Tue, 27-Feb 4:18 PM ET)
Civitas Announces Fourth Quarter and Full-Year 2023 Results
Business Wire (Tue, 27-Feb 4:15 PM ET)
Civitas Resources, Inc. Schedules Year-end 2023 and 2024 Outlook Conference Call and Webcast
Business Wire (Mon, 29-Jan 5:29 PM ET)
Civitas Resources Appoints Brad Whitmarsh to Lead Investor Relations Program
Business Wire (Tue, 9-Jan 4:05 PM ET)
Civitas Resources Closes Acquisition of Vencer Energy
Business Wire (Tue, 2-Jan 4:05 PM ET)
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 trades on the NYSE stock market under the symbol CIVI.
As of March 27, 2024, CIVI stock price climbed to $74.94 with 1,037,876 million shares trading.
CIVI has a beta of 0.70, meaning it tends to be less sensitive to market movements. CIVI has a correlation of 0.06 to the broad based SPY ETF.
CIVI has a market cap of $7.57 billion. This is considered a Mid Cap stock.
Last quarter Civitas Resources reported $1 billion in Revenue and $3.20 earnings per share. This fell short of revenue expectation by $-53 million and exceeded earnings estimates by $.47.
The top ETF exchange traded funds that CIVI belongs to (by Net Assets): VTI, IJH, VB, IWM, XOP.
CIVI has underperformed the market in the last year with a return of +26.2%, while the SPY ETF gained +33.6%. In the last 3 month period, CIVI fell short of the market, returning +7.8%, while SPY returned +10.1%. However, in the most recent 2 weeks CIVI has outperformed the stock market by returning +9.2%, while SPY returned +1.7%.
CIVI support price is $72.41 and resistance is $75.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CIVI stock will trade within this expected range on the day.