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Price
$51.64Last Dividend
$0.50Annual ROE
13.57%Beta
0.71Events Calendar
Next earnings date:
Feb 24, 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
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DENVER--(BUSINESS WIRE)--Civitas has announced the date for its earnings call for the fourth quarter of 2024 and its outlook for 2025.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
Civitas Resources is an intriguing option for speculative investment. It presents a potential opportunity for those looking for bargains.
Stocks with high cash flow yields can provide significant overall returns. However, not every stock with a high cash flow yield is a wise investment. I will highlight one stock that is a Strong Buy at the moment and two others that I believe should be passed on.
Civitas Resources, which works in the DJ and Permian Basins, provides a solid base dividend of 4.2% and may benefit from share buybacks. Even with a 33.92% drop this year, the company has strong free cash flow and has cleared regulatory issues in Colorado until 2028. Currently, its production is made up of two-thirds oil and one-third natural gas, but Civitas can adjust to produce more gas if prices rise.
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 currently undervalued but has great potential for growth, thanks to its strategic purchases in important U.S. oil regions and a strong dividend plan. Even with high debt, Civitas has a good interest coverage ratio and focuses on returning value to shareholders through dividends and stock buybacks. The company's dedication to sustainability and modern drilling methods puts it in a strong position for long-term success in the competitive oil and gas industry.
Civitas Resources was established in 2021 by merging several companies that had previously gone bankrupt. The company takes a careful approach to its finances. It has made acquisitions using a combination of stock and debt to maintain a reasonable debt ratio.
Civitas Resources, Inc. is a great investment choice because of its bold mergers and acquisitions approach, appealing valuation ratios, and high free cash flow. The company is utilizing its assets in the DJ and Permian Basins to cut costs and improve production efficiency, while also providing considerable returns to shareholders. Additionally, Civitas Resources' hedging strategy helps maintain steady cash flow despite changes in commodity prices, which supports quick debt repayment and possible share buybacks.
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