Key Details
Price
$47.63Last Dividend
$0.50Annual Revenue
$3.48 BAnnual EPS
$9.02Annual ROE
13.57%Beta
0.83Events Calendar
Next earnings date:
Feb 28, 2025Recent quarterly earnings:
Nov 07, 2024Recent annual earnings:
Feb 28, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 13, 2024Next split:
N/ARecent split:
May 01, 2017Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Civitas Resources, operating in the DJ and Permian Basins, offers a strong base dividend of 4.2% and potential price tailwinds from share repurchases. Despite a 33.92% YTD decline, Civitas has robust free cash flow and resolved regulatory uncertainties in Colorado until 2028. On a YTD basis, the production profile is 2/3 oil and 1/3 natural gas, though Civitas can shift production to more gas if there are pricing tailwinds.
Civitas Resources, Inc. (NYSE:CIVI) will hold its Q3 2024 Earnings Conference Call on November 8, 2024, at 9:00 AM ET. The call will feature company representatives including Brad Whitmarsh, Chris Doyle, Marianella Foschi, and Hodge Walker, along with participants from various financial institutions. The operator will begin the call by welcoming everyone.
Civitas Resources (CIVI) reported quarterly earnings of $1.99 per share, which is higher than the Zacks Consensus Estimate of $1.86 per share. This is an increase compared to earnings of $1.56 per share from the same period last year.
Civitas Resources is undervalued but with strong growth potential, driven by strategic acquisitions in key U.S. oil basins and a solid dividend strategy. Despite elevated debt levels, Civitas maintains a robust interest coverage ratio and continues to prioritize shareholder returns through dividends and stock buybacks. The company's commitment to sustainability and advanced drilling techniques positions it well for long-term growth in the competitive oil & gas sector.
Civitas Resources was formed in 2021 through a combination of companies with bankruptcy in the past. The company is managed conservatively financially. Acquisitions were made with a mix of stock and debt to keep the debt ratio at acceptable levels.
Civitas Resources, Inc. is a strong buy due to its aggressive M&A strategy, attractive valuation multiples, and substantial free cash yield. The company is leveraging its DJ and Permian Basin assets, focusing on cost reduction and production efficiency, with significant shareholder returns. Civitas Resources' hedging strategy ensures cash flow stability amidst commodity price fluctuations, aiding in rapid debt reduction and potential share buybacks.
24/7 Wall St. Insights After languishing for much of the summer, oil prices look to head higher.
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Civitas Resources (CIVI) came out with quarterly earnings of $2.06 per share, missing the Zacks Consensus Estimate of $2.93 per share. This compares to earnings of $1.72 per share a year ago.
Civitas is an exploration and production company with expertise in the acquisition as well as the production of crude oil and gas. I think that the company's growth in cash, PP&E, assets, and equity over the last decade indicates proven expertise. Competitors trade more expensively than CIVI, with analysts reporting a strong buy rating and a target price of $94, suggesting significant upside potential.
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