In the preceding three months, 8 analysts have released ratings for Civitas Resources CIVI, presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 2 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 3 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $99.12, along with a high estimate of $110.00 and a low estimate of $90.00. Observing a 3.38% increase, the current average has risen from the previous average price target of $95.88.
Exploring Analyst Ratings: An In-Depth Overview
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 | Raises | Buy | $98.00 | $90.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $105.00 | $103.00 |
| Tim Rezvan | Keybanc | Raises | Overweight | $94.00 | $89.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $103.00 | $110.00 |
| 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 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Civitas Resources. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Civitas Resources compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Civitas Resources's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Civitas Resources's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Civitas Resources analyst ratings.
Delving into Civitas Resources's Background
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's Economic Impact: An Analysis
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Civitas Resources showcased positive performance, achieving a revenue growth rate of 102.62% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Civitas Resources's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 13.23%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Civitas Resources's ROE stands out, surpassing industry averages. With an impressive ROE of 2.74%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Civitas Resources's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.21% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Civitas Resources's debt-to-equity ratio surpasses industry norms, standing at 0.67. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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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