Key Metrics

Market Cap	3.04B
Total Shares Outstanding	93.02M
Book Value	70.57
PE Ratio	3.86

PS Ratio	0.58
PB Ratio	0.49
Forward PE Ratio	4.04
ROIC	13.46

Return on Aseets	6.66
Return on Equity	13.1
Dividend	4.97
Dividend Yield	5.72%

Balancesheet Metrics

Total Assets	14.94B
Total Liability	8.32B
Assets-to-Libability Ratio	1.8

Total Current Assets	988.32M
Total Current Liability	2.21B
Current Ratio	0.45

Quick Ratio	-
Debt to Equity Ratio	-

Income Statement Metrics

Net Income	178.92M
EPS	8.46
EBITA	242.08M

Gross Profit	65.13M
Gross Profit Margin	16.11%
Operating Margin	23.85%

Net Profit Margin

274.71%

Price Metrics

5 Days MA	33.23
10 Days MA	34
20 Days MA	40.45
50 Days MA	46.47
200 Days MA	55.19

52 Weeks High	78.63
52 Weeks low	31.69
All Time High	86.58

RSI	28.12
MACD	-

Share Stats

Shares Float	92.54M
Shares Short	6.05M

% Short	0.091%
% Insider	0.88%

% Institutions	103.653%

% Institutions

103.653%

News

CIVITAS ALERT: Bragar Eagel & Squire, P.C. is Investigating Civitas Resources, Inc. on Behalf of Civitas Stockholders and Encourages Investors to Contact the FirmNEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE: CIVI) on behalf of Civitas stockholders. Our investigation concerns w...
NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE: CIVI) on behalf of Civitas stockholders. Our investigation concerns whether Civitas has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On February 24, 2025, Civitas announced its financial results for the fourth quarter and full year 2024, including both revenue and non-GAAP EPS that missed consensus estimates. Civitas also announced a 10% reduction in its workforce across all levels, as well as the termination of its Chief Operating Officer Hodge Walker and Chief Transformation Officer Jerome Kelly, effective immediately. On this news, Civitas's stock price fell $8.95 per share, or 18.15%, to close at $40.35 per share on February 25, 2025. If you purchased or otherwise acquired Civitas shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C. Brandon Walker, Esq. Marion Passmore, Esq. (212) 355-4648 investigations@bespc.com www.bespc.com
CIVI | globenewswire | about 7 days ago | Neutral

Kirby McInerney LLP Announces Investigation Against Civitas Resources, Inc. (CIVI) on Behalf of InvestorsNEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE:CIVI). The investigation concerns whether Civitas and/or certain of its officers have violated the federal securities...

CIVI | globenewswire | about 14 days ago | Neutral

Civitas Resources, Inc. Appoints Lloyd W. Helms, Jr. to Board of DirectorsDENVER, February 24, 2025--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) ("Civitas" or the "Company"), today announced that Lloyd W. "Billy" Helms, Jr. has been appointed to the Company’s Board of Directors, effective immediately. Civitas Board Chair Wouter van Kempen, said, "Billy is a fan...
DENVER, February 24, 2025--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) ("Civitas" or the "Company"), today announced that Lloyd W. "Billy" Helms, Jr. has been appointed to the Company’s Board of Directors, effective immediately. Civitas Board Chair Wouter van Kempen, said, "Billy is a fantastic addition to our board and brings a 40-year track record of operational and technical expertise. He has successfully led operating teams, creating sustainable efficiencies through proven operating practices that can be rapidly applied across multiple basins." Helms has more than 15 years of executive management experience and over 40 years of oil and gas industry experience. He most recently served at EOG Resources, Inc., where he held numerous roles of increasing responsibility, including President from October 2021 to May 2024, Chief Operating Officer from December 2017 to December 2023, Executive Vice President, Exploration and Production from August 2013 to December 2017, Executive Vice President, Operations from February 2012 to August 2013, Vice President and General Manager of the Calgary, Alberta, Canada office from March 2008 to February 2012, and Vice President, Engineering and Acquisitions from September 2006 to March 2008. Mr. Helms holds a Bachelor of Science in Petroleum Engineering from Texas Tech University. With the appointment of Mr. Helms, Civitas’ board of directors is now comprised of 10 directors, nine of whom are independent members. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the DJ Basin in Colorado and the Permian Basin in Texas and New Mexico. Civitas’ proven business model to maximize shareholder returns is focused on four key strategic pillars: generating significant free cash flow, maintaining a premier balance sheet, returning capital to shareholders, and demonstrating ESG leadership. For more information about Civitas, please visit www.civitasresources.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250224689962/en/ Contacts Civitas Contacts Investor Relations: Brad Whitmarsh, 832.736.8909, bwhitmarsh@civiresources.com Mae Herrington, 832.913.5444, mherrington@civiresources.com Media: Rich Coolidge, info@civiresources.com View Comments
CIVI | finance.yahoo | about 17 days ago | Neutral

Civitas Resources Provides 2025 Outlook Focused on Free Cash Flow and Debt ReductionSuccessful land optimization initiatives and bolt-on acquisition expand high–quality development inventory DENVER, February 24, 2025--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) ("Civitas" or the "Company"), today announced its 2025 outlook, including a new debt reduction goal for the yea...
Successful land optimization initiatives and bolt-on acquisition expand high–quality development inventory DENVER, February 24, 2025--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) ("Civitas" or the "Company"), today announced its 2025 outlook, including a new debt reduction goal for the year, as well as an enhanced asset portfolio and a recent bolt-on transaction in the Permian Basin. Civitas President and CEO Chris Doyle said, "Our 2025 outlook is designed to maximize free cash flow, capitalizing on the sustainable efficiencies we have delivered in our first full year of operating in the Permian Basin and our strong track record of execution in the DJ Basin. We are maintaining a disciplined posture in 2025 in the face of market volatility, sustaining year-on-year activity levels, better level-loading investments through the year, and allocating more of our free cash flow to debt reduction. Along with our successful recent inventory capture, these actions are strengthening the durability of the business through the cycle and supporting our free cash flow delivery well into the future." 2025 Outlook Highlights Reducing capital investments nearly 5% year-over-year to a range of $1.8 to $1.9 billion Delivering oil production between 150 and 155 thousand barrels per day ("MBbl/d") on average Generating free cash flow(1) of approximately $1.1 billion (at $70 WTI), representing a peer-leading free cash flow yield of 22% Sustaining a strong base dividend of $0.50 per share quarterly (a nearly 4% yield) Reducing year-end 2025 net debt below $4.5 billion, with the majority of free cash flow after the base dividend targeted for debt reduction Expanding Permian Basin position with a $300 million bolt-on transaction that adds 19,000 net acres and approximately 130 future development locations in the Midland Basin Executing on new divestment target of $300 million (1) Free Cash Flow is a non-GAAP financial measure. Due to the forward-looking nature of the 2025 Free Cash Flow projection and the unavailability of the specific quantifications of the amounts that would be required to reconcile such projections to the most directly comparable GAAP financial measure, Civitas believes it to be infeasible to provide accurate reconciliations. For the year, slightly more than half of total capital investments are planned to be allocated to the Permian Basin, with the remainder to the DJ Basin. The Company expects to run approximately five drilling rigs and two completion crews in the Permian Basin, and two drilling rigs and two completion crews in the DJ Basin. The plan is anticipated to deliver about 210 net turn in lines ("TILs") for the year, and results are expected to benefit from long laterals in both basins, with an estimated lateral length of more than 10,500 feet. In the Permian Basin, an increasing percentage of capital is planned to be directed to the Delaware Basin (~40% of Permian Basin activity), following extensive land optimization initiatives. Estimated 2025 capital expenditures are 95% drilling, completion, and facility related. Story Continues Full-year capital investments are better level-loaded in support of sustainable capital efficiencies, with approximately 55% of investments planned for the first half of the year, as compared to 63% in the first half of 2024. This change is anticipated to lower average annual oil volumes by approximately 3 MBbl/d as compared to 2024. First quarter oil volumes are expected to be the low point for the year, averaging 140 to 145 MBbl/d, mostly as a result of few TILs in late 2024 and early 2025. As compared to the fourth quarter of 2024, lower volumes are primarily driven by the DJ Basin, due to natural declines following peak production in the fourth quarter, a low TIL count exiting 2024 and in the first quarter of 2025, as well as severe winter weather and unplanned third-party processing downtime in the first quarter. These items are all temporary, and production is expected to grow meaningfully in the middle part of the year, following TIL activity, with the full year expected to average 150 to 155 MBbl/d. Additionally, to solidify the Company’s low-cost structure, Civitas announced an approximate 10% reduction in its workforce across all levels of the organization. Guidance details are available in the Company’s supplemental materials provided on its website at www.civitasresources.com. Free Cash Flow Allocation to Further Prioritize Balance Sheet Civitas plans to maintain its base dividend, while shifting more of its free cash flow after the base dividend towards debt reduction. Free cash flow generated in 2025 is anticipated to cover the payment of the base dividend and meet the Company’s year-end net debt target of below $4.5 billion. The Company has instituted a 2025 divestment target of at least $300 million, which will be prioritized to further debt reduction, and the Company will be opportunistic in executing share buybacks. Civitas’ long-term leverage target remains unchanged at 0.75x EBITDAX (earnings before interest, taxes, depreciation and exploration). Dividend to be Paid in March The Company’s Board of Directors approved a quarterly dividend of $0.50 per share, payable on March 28, 2025 to shareholders of record as of March 14, 2025. Enhanced Asset Portfolio with Land Initiatives and Bolt-on Transaction Civitas has been successfully replacing and extending its high-quality inventory in both the DJ and Permian Basins through land transactions (acreage trades/swaps and lease acquisitions), optimized development strategy, and attractive bolt-on acquisitions. From the beginning of 2024 through the end of February 2025 (inclusive of the Permian bolt-on transaction announced today), the Company has added approximately two years of development to its Permian Basin and DJ Basin inventory. The Company has an estimated inventory of approximately 1,200 gross locations in the Permian Basin and 800 gross locations in the DJ Basin. In early 2025, Civitas agreed to acquire certain operated Midland Basin assets consisting of 19,000 net acres in Howard, Glasscock, and Upton counties for approximately $300 million. Production associated with the assets represents approximately one percent of the Company’s full-year 2025 total volume and oil expectations. The Company has identified 130 future drilling locations on the acquired acreage with an average lateral length of two miles. The identified locations include primary development in the Wolfcamp A, B, and D zones, with additional development in the Wolfcamp C and Barnett/Woodford. Closing of the transaction is anticipated at the end of February 2025, and Civitas plans to fund the purchase price through additional borrowings on its revolving credit facility. In February 2025, the Company amended its revolving credit facility to increase elected commitments from $2.2 to $2.5 billion. Webcast and Conference Call Details A webcast and conference call are planned for 6:30 a.m. MT (8:30 a.m. ET), on Tuesday, February 25, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company’s website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the DJ Basin in Colorado and the Permian Basin in Texas and New Mexico. Civitas’ proven business model to maximize shareholder returns is focused on four key strategic pillars: generating significant free cash flow, maintaining a premier balance sheet, returning capital to shareholders, and demonstrating ESG leadership. For more information about Civitas, please visit www.civitasresources.com. Cautionary Statement Regarding Forward-Looking Information Certain statements in this press release concerning future opportunities for Civitas, future financial performance and condition, guidance, and any other statements regarding Civitas’ future expectations, beliefs, plans, objectives, financial conditions, returns to shareholders, assumptions, or future events or performance that are not historical facts are "forward-looking" statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words "anticipate," "believe," "ensure," "expect," "if," "intend," "estimate," "probable," "project," "forecasts," "predict," "outlook," "aim," "will," "could," "should," "would," "potential," "may," "might," "anticipate," "likely," "plan," "positioned," "strategy," and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. Specific forward-looking statements included in this press release include statements regarding the Company’s plans and expectations with respect to the future production, capital expenditures, dividend payments, and share repurchases, and the effects of such on the Company’s results of operations, financial position, growth opportunities, reserve estimates and competitive position. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, future financial condition, results of operations, strategy and plans; the ability of Civitas to realize anticipated synergies related to Civitas' recent acquisitions in the timeframe expected or at all; the effects of commodity prices; the risks of oil and gas activities; and the fact that operating costs and business disruption may be greater than expected. Additionally, risks and uncertainties that could cause actual results to differ materially from those anticipated also include: declines or volatility in the prices we receive for our crude oil, natural gas, and NGL; general economic conditions, whether internationally, nationally, or in the regional and local market areas in which we do business, including any future economic downturn, the impact of continued or further inflation, disruption in the financial markets, and the availability of credit on acceptable terms; our ability to identify and select possible additional acquisition and disposition opportunities; the effects of disruption of our operations or excess supply of crude oil and natural gas and other effects of world health events, and the actions by certain crude oil and natural gas producing countries; the ability of our customers to meet their obligations to us; our access to capital on acceptable terms; our ability to generate sufficient cash flow from operations, borrowings, or other sources to enable us to fully develop our undeveloped acreage positions; the presence or recoverability of estimated crude oil and natural gas reserves and the actual future sales volume rates and associated costs; uncertainties associated with estimates of proved crude oil and natural gas reserves; changes in local, state, and federal laws, regulations, or policies that may affect our business or our industry (such as the effects of tax law changes, and changes in environmental, health, and safety regulation and regulations addressing climate change, and trade policy and tariffs); environmental, health, and safety risks; seasonal weather conditions as well as severe weather and other natural events caused by climate change; lease stipulations; drilling and operating risks, including the risks associated with the employment of horizontal drilling and completion techniques; our ability to acquire adequate supplies of water for drilling and completion operations; availability of oilfield equipment, services, and personnel; exploration and development risks; operational interruption of centralized crude oil and natural gas processing facilities; competition in the crude oil and natural gas industry; management’s ability to execute our plans to meet our goals; unforeseen difficulties encountered in operating in new geographic areas; our ability to attract and retain key members of our senior management and key technical employees; our ability to maintain effective internal controls; access to adequate gathering systems and pipeline take-away capacity; our ability to secure adequate processing capacity for natural gas we produce, to secure adequate transportation for crude oil, natural gas, and NGL we produce, and to sell the crude oil, natural gas, and NGL at market prices; costs and other risks associated with perfecting title for mineral rights in some of our properties; pandemics and other public health epidemics; political conditions in or affecting other producing countries, including conflicts or hostilities in or relating to the Middle East, South America, and Russia (including the current events involving Russia and Ukraine), and other sustained military campaigns or acts of terrorism or sabotage and the effects therefrom; and other economic, competitive, governmental, legislative, regulatory, geopolitical, and technological factors that may negatively impact our businesses, operations, or pricing. Additional information concerning other factors that could cause results to differ materially from those described above can be found under Item 1A. "Risk Factors" and "Management’s Discussion and Analysis" sections in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, subsequently filed Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings made with the Securities and Exchange Commission. All forward-looking statements speak only as of the date they are made and are based on information available at the time they were made. The Company assumes no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. Disclaimer Civitas’ share repurchase program permits the Company to make repurchases on a discretionary basis as determined by management and the Board, subject to market conditions, applicable legal requirements, available liquidity, compliance with the Company's debt agreements, and other appropriate factors. Repurchases under the share repurchase program are to be made through open market or privately negotiated transactions and may be made pursuant to plans entered into in accordance with Rule 10b5-1 and/or Rule 10b-18 of the Exchange Act. The share repurchase program does not have a termination date, does not obligate Civitas to acquire any particular amount of common stock, and may be modified, extended, suspended, or discontinued at any time without prior notice. No assurance can be given that any particular amount of common stock will be repurchased. View source version on businesswire.com: https://www.businesswire.com/news/home/20250224436850/en/ Contacts Civitas Contacts Investor Relations: Brad Whitmarsh, bwhitmarsh@civiresources.com, 832.736.8909 Mae Herrington, mherrington@civiresources.com, 832.913.5444 Media: Rich Coolidge, info@civiresources.com View Comments
CIVI | finance.yahoo | about 17 days ago | Neutral

Civitas Resources, Inc. Reports Fourth Quarter and Full Year 2024 ResultsDENVER, February 24, 2025--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its fourth quarter and full year 2024 financial and operating results. A webcast and conference call to review these results and the Company’s 2025 outlook is planned for 6:30...
DENVER, February 24, 2025--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its fourth quarter and full year 2024 financial and operating results. A webcast and conference call to review these results and the Company’s 2025 outlook is planned for 6:30 a.m. MT (8:30 a.m. ET), on Tuesday, February 25, 2025. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Key Fourth Quarter and Full Year 2024 Results Three Months Ended December 31, 2024 Twelve Months Ended December 31, 2024 Net Income ($MM) $151 $839 Adjusted Net Income ($MM)(1) $171 $842 Operating Cash Flow ($MM) $858 $2,865 Adjusted EBITDAX ($MM)(1) $895 $3,652 Sales Volumes (MBoe/d) 352 345 Oil Volumes (MBbl/d) 164 159 Capital Expenditures ($MM) $278 $1,933 Adjusted Free Cash Flow ($MM)(1) $519 $1,266 (1) Non-GAAP financial measure; see attached reconciliation schedules at the end of this release for reconciliations to the most directly comparable GAAP financial measures. Management Quote "The Civitas team performed well in 2024, establishing a successful operational track record in our first full year of operating in the Permian Basin and building on our strong momentum in the DJ Basin. Our high-quality assets and strong execution delivered in-line to better-than-expected sales volumes, capital expenditures, and operating costs. Along with enhancing our portfolio returns through sustainable capital efficiency gains and improved cycle times, we also expanded our asset base with attractive inventory adds in our core areas. All of these actions strengthened our business and our long-term free cash flow outlook," said President and CEO Chris Doyle. Fourth Quarter 2024 Financial and Operating Results Total sales and oil volumes increased 1% and 3% sequentially to 352 MBoe/d and 164 MBbl/d, respectively. Sales volumes in the fourth quarter were split 50% Permian Basin and 50% DJ Basin, as the DJ Basin grew significantly following a high number of third quarter turn-in-lines. Supported by strong sales volumes and commodity price realizations, higher than expected revenues offset higher cash operating costs, primarily occurring in the Permian Basin, as a result of winterization efforts and increased workover and maintenance activities. Capital expenditures of $278 million were consistent with plan and reflected continued efficiency gains, as the Company drilled, completed, and turned to sales 21, 34, and 4 net operated wells, respectively, in the Permian Basin, and 9, 3, and 28 net operated wells, respectively, in the DJ Basin. The Company's average lateral length completed in the quarter was approximately 2.2 miles and 3.0 miles for the Permian Basin and DJ Basin, respectively. Story Continues Long-term debt was reduced by $350 million in the fourth quarter, while the Company also returned $205 million to its shareholders, including $48 million in dividends and $157 million in share repurchases. The Company repurchased nearly 3.5% of its outstanding shares in the fourth quarter. 2024 Financial Highlights Generated adjusted free cash flow(1) of nearly $1.3 billion, representing a yield of 29% (based on year-end 2024 market capitalization) Delivered capital expenditures in the lower half of the Company's original guidance, with total sales volumes approximately 5% above original guidance and oil volumes at the midpoint, adjusted for non-core DJ Basin divestments Cash operating costs, including lease operating, midstream, gathering, transportation, and processing, and cash G&A were below the midpoint of original guidance Returned more than $920 million to shareholders throughout the year, including $494 million in dividends and $427 million of share repurchases Repurchased 7.3 million outstanding shares (approximately 7% of shares outstanding) Increased the Company’s revolving credit facility borrowing base by $400 million (to $3.4 billion) and its elected commitment by $350 million (to $2.2 billion) Received an upgrade on the Company's long-term issuer rating from Fitch Ratings to BB+, along with an upgrade from S&P Global to a positive outlook (1) Non-GAAP financial measure; see attached reconciliation schedules at the end of this release for reconciliations to the most directly comparable GAAP financial measures. 2024 Operational Highlights Established operational track record in the Permian Basin, delivering sustainably lower well costs through well design changes, accelerated drilling and completion cycle times, and scale benefits Midland Basin average two-mile well costs (drilling, completion and equipment) decreased from $850 per lateral foot to less than $725 per foot by the end of the year, a more than 15% improvement Implemented simulfrac operations late in 2024, increasing fluid throughput by more than 40% (barrels pumped per day) Achieved Permian Basin total recordable incident rate of 0.18 in the first year of operatorship Delineated Wolfcamp D development in the Midland Basin, with higher than anticipated productivity and lower costs, expanding the economic competitiveness of the Wolfcamp D across Civitas' acreage position Successfully executed 13 four-mile laterals in the DJ Basin, the longest laterals ever drilled and completed in Colorado, representing the highest 180-day cumulative oil producing wells in the state and observing no per foot degradation in productivity Drilled, completed, and commenced production on the Company's first "U-turn" wells in the Company's northeast extension area of the DJ Basin, outperforming expected capital cost, cycle times, and production Reported 2024 proved reserves of 798 million barrels of oil equivalent, a 14% increase from year-end 2023, primarily driven by the acquisition of Vencer Energy 2024 Strategic Highlights Closed on the acquisition of certain oil and gas assets in the Midland Basin from Vencer Energy at the start of the year, materially expanding the Company’s Permian Basin position Extended the Company's future development inventory through multiple land transactions and optimized development plans, adding approximately 100 gross locations in the Permian Basin and 250 gross locations in the DJ Basin Divested non-core DJ Basin assets for $215 million, which included 7 MBoe/d of production (~40% oil) and long-dated future development inventory in the Company's northeast extension area Reduced regulatory risk in the DJ Basin through a multi-party regulatory agreement with the governor, industry colleagues, and environmental groups that defers future ballot measure and legislative initiatives through at least the end of 2027 (Senate Bill 24-229 and 24-230) Received approval from Colorado’s Energy and Carbon Management Commission of the Lowry Ranch Comprehensive Area Plan within the Watkins development area of the DJ Basin Webcast / Conference Call Information The Company plans to host a webcast and conference call at 6:30 a.m. MT (8:30 a.m. ET) on February 25, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company’s website at www.civitasresources.com. About Civitas Resources, Inc. Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development and production of crude oil and liquids-rich natural gas from its premier assets in the DJ Basin in Colorado and the Permian Basin in Texas and New Mexico. Civitas’ proven business model to maximize shareholder returns is focused on four key strategic pillars: generating significant free cash flow, maintaining a premier balance sheet, returning capital to shareholders, and demonstrating ESG leadership. For more information about Civitas, please visit www.civitasresources.com. Schedule 1: Consolidated Statements of Operations (in thousands, except for per share amounts, unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2024 2023 2024 2023 Operating net revenues: Crude oil, natural gas, and NGL sales $ 1,291,745 $ 1,125,730 $ 5,202,408 $ 3,473,821 Other operating income 1,121 1,045 4,400 5,419 Total operating net revenues 1,292,866 1,126,775 5,206,808 3,479,240 Operating expenses: Lease operating expense 173,005 109,560 577,837 301,288 Midstream operating expense 11,313 10,039 48,038 45,080 Gathering, transportation, and processing 97,894 80,880 377,678 290,645 Severance and ad valorem taxes 86,307 88,293 377,388 276,535 Exploration 587 632 14,322 2,178 Depreciation, depletion, and amortization 544,568 416,634 2,056,427 1,171,192 Transaction costs 682 24,251 31,419 84,328 General and administrative expense 53,223 54,524 226,965 161,077 Other operating expense 6,192 2,182 17,330 7,437 Total operating expenses 973,771 786,995 3,727,404 2,339,760 Other income (expense): Derivative gain (loss), net (11,437 ) 129,881 37,490 9,307 Interest expense (113,860 ) (90,071 ) (456,303 ) (182,740 ) Loss on property transactions, net (1,136 ) — (2,566 ) (254 ) Other income (expense) 7,099 (695 ) 24,670 33,661 Total other income (expense) (119,334 ) 39,115 (396,709 ) (140,026 ) Income from operations before income taxes 199,761 378,895 1,082,695 999,454 Income tax expense (48,651 ) (76,028 ) (243,972 ) (215,166 ) Net income $ 151,110 $ 302,867 $ 838,723 $ 784,288 Earnings per common share Basic $ 1.57 $ 3.23 $ 8.48 $ 9.09 Diluted $ 1.57 $ 3.20 $ 8.46 $ 9.02 Weighted-average common shares outstanding: Basic 96,254 93,774 98,865 86,240 Diluted 96,394 94,519 99,176 86,988 Schedule 2: Consolidated Statement of Cash Flows (in thousands, unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2024 2023 2024 2023 Cash flows from operating activities: Net income $ 151,109 $ 302,867 $ 838,723 $ 784,288 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, depletion, and amortization 544,568 416,634 2,056,427 1,171,192 Stock-based compensation 12,150 9,354 48,272 34,931 Derivative (gain) loss, net 11,437 (129,881 ) (37,490 ) (9,307 ) Derivative cash settlement gain (loss), net 12,147 (23,339 ) 6,435 (68,246 ) Amortization of deferred financing costs and deferred acquisition consideration 13,775 3,587 52,702 9,293 Loss on property transactions, net 1,136 — 2,566 254 Deferred income tax expense 48,378 106,191 235,773 245,163 Other, net 4,084 (330 ) 1,084 (740 ) Changes in operating assets and liabilities, net Accounts receivable, net (58,057 ) 760 (23,036 ) (39,869 ) Prepaid expenses and other (12,856 ) 19,141 (17,644 ) 19,987 Accounts payable, accrued expenses, and other liabilities 130,199 138,204 (298,584 ) 91,814 Net cash provided by operating activities 858,070 843,188 2,865,228 2,238,760 Cash flows from investing activities: Acquisitions of businesses, net of cash acquired — (5,121 ) (905,096 ) (3,655,612 ) Acquisitions of crude oil and natural gas properties (23,096 ) (93,880 ) (47,440 ) (154,855 ) Deposits for acquisitions — (161,250 ) — (161,250 ) Capital expenditures for drilling and completion activities and other fixed assets (292,319 ) (570,269 ) (1,924,426 ) (1,352,388 ) Proceeds from property transactions 45,544 84,692 208,824 90,456 Purchases of carbon credits and renewable energy credits (1,826 ) (287 ) (5,744 ) (6,151 ) Other, net — (177 ) 2,000 (3,355 ) Net cash used in investing activities (271,697 ) (746,292 ) (2,671,882 ) (5,243,155 ) Cash flows from financing activities: Proceeds from credit facility 250,000 1,000,000 1,900,000 2,120,000 Payments to credit facility (600,000 ) (900,000 ) (2,200,000 ) (1,370,000 ) Proceeds from issuance of senior notes — 987,500 — 3,653,750 Payment of deferred financing costs and other (1,215 ) (2,879 ) (7,724 ) (45,788 ) Dividends paid (47,629 ) (149,289 ) (493,842 ) (660,320 ) Common stock repurchased and retired (157,444 ) — (427,305 ) (320,398 ) Payment of employee tax withholdings in exchange for the return of common stock (396 ) (114 ) (12,037 ) (13,416 ) Other, net (938 ) (727 ) (3,427 ) (752 ) Net cash provided by (used in) financing activities (557,622 ) 934,491 (1,244,335 ) 3,363,076 Net change in cash, cash equivalents, and restricted cash 28,751 1,031,387 (1,050,989 ) 358,681 Cash, cash equivalents, and restricted cash: Beginning of period (1) 47,075 95,428 1,126,815 768,134 End of period (1) $ 75,826 $ 1,126,815 $ 75,826 $ 1,126,815 (1) The balance includes $0.1 million of restricted cash consisting of funds for road maintenance and repairs that is presented in other noncurrent assets within our balance sheets for all periods presented prior to September 30, 2024. These funds were released to the Company during the third quarter of 2024. In addition, the December 31, 2023 balance includes $1.9 million of interest earned on cash held in escrow that is presented in deposits for acquisitions within our balance sheets for the period ended December 31, 2023. Schedule 3: Consolidated Balance Sheets (in thousands) December 31, 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 75,826 $ 1,124,797 Accounts receivable, net: Crude oil and natural gas sales 646,290 505,961 Joint interest and other 125,047 247,228 Derivative assets 66,517 35,192 Deposits for acquisitions — 163,164 Prepaid expenses and other 74,638 68,070 Total current assets 988,318 2,144,412 Property and equipment (successful efforts method): Proved properties 16,897,070 12,738,568 Less: accumulated depreciation, depletion, and amortization (4,287,752 ) (2,339,541 ) Total proved properties, net 12,609,318 ... 10,399,027 Unproved properties 630,727 821,939 Wells in progress 505,556 536,858 Other property and equipment, net of accumulated depreciation of $9,382 in 2024 and $9,808 in 2023 48,757 62,392 Total property and equipment, net 13,794,358 11,820,216 Derivative assets 17,037 8,233 Other noncurrent assets 144,407 124,458 Total assets $ 14,944,120 $ 14,097,319 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 560,893 $ 565,708 Production taxes payable 322,976 421,045 Crude oil and natural gas revenue distribution payable 702,130 766,123 Derivative liability 22,178 18,096 Deferred acquisition consideration 478,749 — Other liabilities 118,168 80,915 Total current liabilities 2,205,094 1,851,887 Long-term liabilities: Debt, net 4,493,531 4,785,732 Ad valorem taxes 294,058 307,924 Derivative liability 13,016 — Deferred income tax liabilities, net 800,554 564,781 Asset retirement obligations 399,002 305,716 Other long-term liabilities 110,119 99,958 Total liabilities 8,315,374 7,915,998 Commitments and contingencies Stockholders’ equity: Preferred stock, $.01 par value, 25,000,000 shares authorized, none outstanding — — Common stock, $.01 par value, 225,000,000 shares authorized, 93,933,857 and 93,774,901 issued and outstanding as of December 31, 2024 and 2023, respectively 5,006 5,004 Additional paid-in capital 5,095,298 4,964,450 Retained earnings 1,528,442 1,211,867 Total stockholders’ equity 6,628,746 6,181,321 Total liabilities and stockholders’ equity $ 14,944,120 $ 14,097,319 Schedule 4: Average Sales Volumes and Prices (unaudited) The following table presents crude oil, natural gas, and NGL sales volumes by operating region as well as consolidated average sales prices for the periods presented: Three Months Ended Twelve Months Ended December 31, 2024 September 30, 2024 December 31, 2024 December 31, 2023 Average sales volumes per day Crude oil (MBbl/d) DJ Basin 84 71 74 79 Permian Basin 80 88 85 21 Total 164 159 159 100 Natural gas (MMcf/d) DJ Basin 309 311 320 302 Permian Basin 286 292 278 64 Total 595 603 598 366 Natural gas liquids (MBbl/d) DJ Basin 41 37 38 39 Permian Basin 49 52 48 12 Total 90 89 86 51 Average sales volumes per day (MBoe/d) DJ Basin 176 159 165 169 Permian Basin 176 189 179 44 Total(1) 352 348 345 213 Average sales prices (before derivatives): Crude oil (per Bbl) $ 69.96 $ 75.46 $ 75.26 $ 75.57 Natural gas (per Mcf) $ 1.14 $ 0.17 $ 0.77 $ 2.28 Natural gas liquids (per Bbl) $ 21.47 $ 19.38 $ 21.09 $ 21.35 Total (per Boe) $ 39.90 $ 39.70 $ 41.24 $ 44.86 ____________________ (1) Items may not recalculate due to rounding. Schedule 5: Adjusted Net Income (in thousands, except per share amounts, unaudited) Adjusted Net Income is a supplemental non-GAAP financial measure that is used by management to present a more comparable, recurring profitability between periods. We believe that Adjusted Net Income provides external users of our consolidated financial statements with additional information to assist in their analysis of the Company. The Company defines Adjusted Net Income as net income after adjusting for (1) the impact of certain non-cash items and one-time transactions and correspondingly (2) the related tax effect in each period. Adjusted Net Income is not a measure of net income as determined by GAAP and should not be considered in isolation or as a substitute for net income, net cash provided by operating activities, or other profitability or liquidity measures prepared under GAAP. The following table presents a reconciliation of the GAAP financial measure of net income to the non-GAAP financial measure of Adjusted Net Income. Three Months Ended Twelve Months Ended December 31, 2024 September 30, 2024 December 31, 2024 December 31, 2023 Net income $ 151,110 $ 295,803 $ 838,723 $ 784,288 Adjustments to net income: Unused commitments(1) 1,232 1,117 1,730 5,013 Transaction costs 682 140 31,419 84,328 Loss on property transactions, net 1,136 — 2,566 254 Derivative (gain) loss, net 11,437 (151,029 ) (37,490 ) (9,307 ) Derivative cash settlement gain (loss), net 12,147 18,195 6,435 (68,246 ) Total adjustments to net income before taxes 26,634 (131,577 ) 4,660 12,042 Tax effect of adjustments (6,499 ) 31,578 (1,049 ) (2,589 ) Total adjustments to net income after taxes 20,135 (99,999 ) 3,611 9,453 Adjusted Net Income $ 171,245 $ 195,804 $ 842,334 $ 793,741 Adjusted Net Income per diluted share $ 1.78 $ 1.99 $ 8.49 $ 9.12 Diluted weighted-average common shares outstanding 96,394 98,224 99,176 86,988 1) Included as a portion of other operating expense in the consolidated statements of operations. Schedule 6: Adjusted EBITDAX (in thousands, unaudited) Adjusted EBITDAX is a supplemental non-GAAP financial measure that represents earnings before interest, income taxes, depreciation, depletion, and amortization, exploration expense, and other non-cash and non-recurring charges. Adjusted EBITDAX excludes certain items that we believe affect the comparability of operating results and can exclude items that are generally non-recurring in nature or whose timing and/or amount cannot be reasonably estimated. We present Adjusted EBITDAX because we believe it provides useful additional information to investors and analysts, as a performance measure, for analysis of our ability to internally generate funds for exploration, development, acquisitions, and to service debt. We are also subject to financial covenants under our revolving credit facility based on Adjusted EBITDAX ratios. In addition, Adjusted EBITDAX is widely used by professional research analysts and others in the valuation, comparison, and investment recommendations of companies in the crude oil and natural gas exploration and production industry. Adjusted EBITDAX should not be considered in isolation or as a substitute for net income, net cash provided by operating activities, or other profitability or liquidity measures prepared under GAAP. Because Adjusted EBITDAX excludes some, but not all items that affect net income and may vary among companies, the Adjusted EBITDAX amounts presented may not be comparable to similar metrics of other companies. The following table presents a reconciliation of the GAAP financial measure of net income to the non-GAAP financial measure of Adjusted EBITDAX: Three Months Ended Twelve Months Ended December 31, 2024 September 30, 2024 December 31, 2024 December 31, 2023 Net Income $ 151,110 $ 295,803 $ 838,723 $ 784,288 Total adjustments to net income before taxes (from schedule 4) 26,634 (131,577 ) 4,660 12,042 Exploration 587 861 14,322 2,178 Depreciation, depletion, and amortization 544,568 523,929 2,056,427 1,171,192 Stock-based compensation(1) 12,150 12,661 48,272 34,931 Interest expense 113,860 117,760 456,303 182,740 Interest income(2) (2,334 ) (2,650 ) (11,058 ) (33,347 ) Income tax expense 48,651 93,309 243,972 215,166 Adjusted EBITDAX $ 895,226 $ 910,096 $ 3,651,621 $ 2,369,190 (1) Included as a portion of general and administrative expense in the consolidated statements of operations. (2) Included as a portion of other income in the consolidated statements of operations. Schedule 7: Adjusted Free Cash Flow (in thousands, unaudited) Adjusted Free Cash Flow is a supplemental non-GAAP financial measure that is calculated as net cash provided by operating activities before changes in operating assets and liabilities and less exploration and development of crude oil and natural gas properties, changes in working capital related to capital expenditures, and purchases of carbon credits. We believe that Adjusted Free Cash Flow provides additional information that may be useful to investors and analysts in evaluating our ability to generate cash from our existing crude oil and natural gas assets to fund future exploration and development activities and to return cash to stockholders. Adjusted Free Cash Flow is a supplemental measure of liquidity and should not be viewed as a substitute for cash flows from operations because it excludes certain required cash expenditures. The following table presents a reconciliation of the GAAP financial measure of net cash provided by operating activities to the non-GAAP financial measure of Adjusted Free Cash Flow: Three Months Ended Twelve Months Ended December 31, 2024 September 30, 2024 December 31, 2024 December 31, 2023 Net cash provided by operating activities $ 858,070 $ 835,038 $ 2,865,228 $ 2,238,760 Add back: changes in operating assets and liabilities, net (59,285 ) (28,270 ) 339,264 (71,932 ) Cash flow from operations before changes in operating assets and liabilities 798,785 806,768 3,204,492 2,166,828 Less: Cash paid for capital expenditures for drilling and completion activities and other fixed assets (292,319 ) (541,410 ) (1,924,426 ) (1,352,388 ) Less: Changes in working capital related to capital expenditures 14,115 103,021 (8,208 ) (12,349 ) Capital expenditures (278,204 ) (438,389 ) (1,932,634 ) (1,364,737 ) Less: Purchases of carbon credits and renewable energy credits (1,826 ) (2,032 ) (5,744 ) (6,151 ) Adjusted Free Cash Flow $ 518,755 $ 366,347 $ 1,266,114 $ 795,940 Capital expenditures by operating region DJ Basin $ 78,223 $ 208,530 $ 813,750 $ 890,962 Permian Basin 199,955 228,910 1,117,686 473,933 Other/Corporate 25 951 1,199 (158 ) Total $ 278,203 $ 438,391 $ 1,932,635 $ 1,364,737 Schedule 8: Estimated Proved Reserves A summary of our changes in quantities of total proved reserves for the year ended December 31, 2024 is as follows: Proved Reserve Roll-Forward (in MBoe) Net Proved Reserves Balance as of December 31, 2023 697,799 Extensions, discoveries, and other additions 101,817 Production (126,135 ) Divestiture of reserves (22,929 ) Removed from capital program (24,064 ) Acquisition of reserves 179,348 Revisions to previous estimates (8,112 ) Balance as of December 31, 2024 797,724 The table below sets forth information regarding our estimated proved reserves by category and operating region as of December 31, 2024: Operating Region/Area Crude Oil (MBbls) Natural Gas (MMcf) NGL (MBbls) Crude Oil Equivalent (MBoe) Proved developed reserves: DJ Basin 103,812 647,550 79,431 291,168 Permian Basin 131,814 676,306 123,751 368,283 Total proved developed reserves 235,626 1,323,856 203,182 659,451 Proved undeveloped reserves: DJ Basin 34,045 99,276 11,883 62,474 Permian Basin 35,690 116,386 20,711 75,799 Total proved undeveloped reserves 69,735 215,662 32,594 138,273 Proved reserves: DJ Basin 137,857 746,826 91,314 353,642 Permian Basin 167,504 792,692 144,462 444,082 Total proved reserves(1) 305,361 1,539,518 235,776 797,724 ____________________ (1) Items may not recalculate due to rounding. View source version on businesswire.com: https://www.businesswire.com/news/home/20250224936014/en/ Contacts For further information, please contact: Investor Relations: Brad Whitmarsh, 832.736.8909, bwhitmarsh@civiresources.com Mae Herrington, 832.913.5444, mherrington@civiresources.com Media: Rich Coolidge, info@civiresources.com View Comments
CIVI | finance.yahoo | about 17 days ago | Neutral

Are Options Traders Betting on a Big Move in Civitas (CIVI) Stock?Investors in Civitas Resources, Inc. CIVI need to pay close attention to the stock based on moves in the options market lately. That is because the April 17, 2025 $27.50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility show...
Investors in Civitas Resources, Inc. CIVI need to pay close attention to the stock based on moves in the options market lately. That is because the April 17, 2025 $27.50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Civitas shares, but what is the fundamental picture for the company? Currently, Civitas is a Zacks Rank #3 (Hold) in the Oil and Gas - Exploration and Production - United States industry that ranks in the Top 18% of our Zacks Industry Rank. Over the last 30 days, four analysts have increased their earnings estimates for the current quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.92 per share to $2.04 in that period. Given the way analysts feel about Civitas right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Civitas Resources, Inc. (CIVI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research View comments
CIVI | finance.yahoo | about 2 months ago | Neutral

Civitas Resources, Inc. Updates its Fourth Quarter 2024 Results and 2025 Outlook Conference Call and Webcast ScheduleDENVER, February 04, 2025--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) ("Civitas" or the "Company"), today announced an updated time for its upcoming conference call and webcast on Tuesday, February 25. Due to scheduling conflicts, Civitas now plans to host its conference call and webcast ...

CIVI | finance.yahoo | about 2 months ago | Neutral

Civitas Resources, Inc. Schedules Fourth Quarter 2024 Results and 2025 Outlook Conference Call and WebcastDENVER, January 21, 2025--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) ("Civitas" or the "Company") today announced plans to release its fourth quarter 2024 operating and financial results and provide its 2025 outlook after market close on Monday, February 24, 2025. A conference call and we...

CIVI | finance.yahoo | about 2 months ago | Neutral

With EPS Growth And More, Civitas Resources (NYSE:CIVI) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But the reality is that when a company loses money each year, for long enough, its investors will usually tak...
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Civitas Resources (NYSE:CIVI). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it. Check out our latest analysis for Civitas Resources How Fast Is Civitas Resources Growing? Generally, companies experiencing growth in earnings per share (EPS) should see similar trends in share price. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. To the delight of shareholders, Civitas Resources has achieved impressive annual EPS growth of 52%, compound, over the last three years. Growth that fast may well be fleeting, but it should be more than enough to pique the interest of the wary stock pickers. One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. While we note Civitas Resources achieved similar EBIT margins to last year, revenue grew by a solid 59% to US$5.0b. That's encouraging news for the company! You can take a look at the company's revenue and earnings growth trend, in the chart below. Click on the chart to see the exact numbers.NYSE:CIVI Earnings and Revenue History January 18th 2025 Fortunately, we've got access to analyst forecasts of Civitas Resources' future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting. Are Civitas Resources Insiders Aligned With All Shareholders? Owing to the size of Civitas Resources, we wouldn't expect insiders to hold a significant proportion of the company. But we do take comfort from the fact that they are investors in the company. To be specific, they have US$18m worth of shares. That's a lot of money, and no small incentive to work hard. Even though that's only about 0.3% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders. Is Civitas Resources Worth Keeping An Eye On? Civitas Resources' earnings have taken off in quite an impressive fashion. That EPS growth certainly is attention grabbing, and the large insider ownership only serves to further stoke our interest. The hope is, of course, that the strong growth marks a fundamental improvement in the business economics. Based on the sum of its parts, we definitely think its worth watching Civitas Resources very closely. You should always think about risks though. Case in point, we've spotted 3 warning signs for Civitas Resources you should be aware of, and 1 of them is a bit concerning. Story Continues Although Civitas Resources certainly looks good, it may appeal to more investors if insiders were buying up shares. If you like to see companies with more skin in the game, then check out this handpicked selection of companies that not only boast of strong growth but have strong insider backing. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments
CIVI | finance.yahoo | about 2 months ago | Neutral

Are Investors Undervaluing Civitas Resources (CIVI) Right Now?The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no s...
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. One company value investors might notice is Civitas Resources (CIVI). CIVI is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 5.39 right now. For comparison, its industry sports an average P/E of 11.53. Over the past year, CIVI's Forward P/E has been as high as 6.49 and as low as 4.27, with a median of 5.25. Another notable valuation metric for CIVI is its P/B ratio of 0.74. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. CIVI's current P/B looks attractive when compared to its industry's average P/B of 1.90. Within the past 52 weeks, CIVI's P/B has been as high as 1.18 and as low as 0.63, with a median of 0.97. Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. CIVI has a P/S ratio of 1.01. This compares to its industry's average P/S of 2.2. Finally, investors should note that CIVI has a P/CF ratio of 1.70. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 6.47. Over the past 52 weeks, CIVI's P/CF has been as high as 3.65 and as low as 1.42, with a median of 2.72. These are only a few of the key metrics included in Civitas Resources's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, CIVI looks like an impressive value stock at the moment. Story Continues Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Civitas Resources, Inc. (CIVI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research View Comments
CIVI | finance.yahoo | about 2 months ago | Neutral

Profile

Civitas Resources Inc (CIVI)

Civitas Resources, Inc., an exploration and production company, focuses on the acquisition, development, and production of crude oil and associated liquids-rich natural gas. Its assets include DJ Basin assets comprising of approximately 356,800 net acres located in Weld, Arapahoe, Adams, and Boulder counties, Colorado; and Permian Basin assets comprising of 120,400 net acres located in Upton, Reagan, Glasscock, Martin, Midland, Reeves, and Loving counties, Texas, and Eddy and Lea counties, New Mexico. The company was formerly known as Bonanza Creek Energy, Inc. Civitas Resources, Inc. was incorporated in 2010 and is based in Denver, Colorado.

Exchange: NYSE

IPO Date: 12/15/2011

Sector: Energy

Industry: Oil & Gas E&P

Employees: 655

Address: 555 17th Street, Denver, CO, United States, 80202

https://civitasresources.com

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