Civitas Resources Inc (NYSE: CIVI) has reported earnings for its third fiscal quarter (ending September 30) of $1.57 versus $4.77 for the same period a year ago — a decline of -67%. This performance was $-1.04 short of the consensus estimate of $2.61. For the latest four quarters through September 30, E.P.S. were $9.06 versus $13.86 for the same period a year ago — a decline of -35%.
Recent Price Action
Civitas Resources Inc (NYSE: CIVI) stock suffered a large decline of -3.0% on 11/7/23. The stock closed at $71.99. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CIVI is expected to continue to be an important Value Builder.
Civitas Resources has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Civitas Resources has a very high Power Rating of 92 and a very high Appreciation Score of 95, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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