CIVITAS RESOURCES, INC.

(CIVI)
  Report
Delayed Nyse  -  04:00 2022-06-30 pm EDT
52.29 USD   -4.86%
06/29Civitas Resources Names Travis Counts Chief Legal Officer
MT
06/29CIVITAS RESOURCES : Announces Appointment of New Chief Legal Officer - Form 8-K
PU
06/29CIVITAS RESOURCES, INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
AQ
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Civitas Resources, Inc. : There is still some upside potential

long trade
Stop-loss triggered
Entry price : 58.9$ | Target : 83$ | Stop-loss : 55$ | Potential : 40.92%
Shares in Civitas Resources, Inc. show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the $ 83.
Civitas Resources, Inc. : Civitas Resources, Inc. : There is still some upside potential
Summary
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • The company presents an interesting fundamental situation from a short-term investment perspective.
  • According to Refinitiv, the company's ESG score for its industry is poor.

Strengths
  • Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
  • Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • The company has a low valuation given the cash flows generated by its activity.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
  • The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
  • Historically, the company has been releasing figures that are above expectations.

Weaknesses
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • The price targets of analysts who cover the stock differ significantly. This implies difficulties in evaluating the company and its business.

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Financials (USD)
Sales 2022 3 521 M - -
Net income 2022 1 049 M - -
Net cash 2022 534 M - -
P/E ratio 2022 -
Yield 2022 3,54%
Capitalization 4 443 M 4 443 M -
EV / Sales 2022 1,11x
EV / Sales 2023 0,95x
Nbr of Employees -
Free-Float 99,2%
Upcoming event on CIVITAS RESOURCES, INC.
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 52,29 $
Average target price 91,00 $
Spread / Average Target 74,0%
EPS Revisions
Managers and Directors
Christopher M. Doyle President & Chief Executive Officer
Marianella Foschi Chief Financial Officer
Benjamin P. Dell Chairman
Matthew R. Owens Chief Operating Officer
Brian Steck Independent Director
Sector and Competitors
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