Civitas Resources, Inc. develops and produces crude oil, natural gas, and natural gas liquids in the Denver-Julesburg Basin, primarily located in Weld and Arapahoe Counties in Central Colorado. It operates on approximately 500,000 net acres with a production base of approximately 160,000 barrels of oil equivalent per day. The company was founded in 1999 and is headquartered in Denver, Colorado.
IPO Year: 2017
Exchange: NYSE
Website: civitasresources.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | $60.00 | Neutral | UBS |
| 9/18/2024 | $67.00 | Overweight | JP Morgan |
| 7/18/2024 | $90.00 | Outperform | Wolfe Research |
| 6/13/2024 | $90.00 | Buy | TD Cowen |
| 5/28/2024 | $90.00 | Outperform | RBC Capital Mkts |
| 2/7/2024 | $92.00 | Overweight | Piper Sandler |
| 1/5/2024 | Outperform | Pickering Energy Partners | |
| 1/3/2024 | $96.00 → $86.00 | Neutral → Buy | Mizuho |
| 9/18/2023 | $106.00 | Buy | Siebert Williams Shank |
| 8/31/2023 | $95.00 | Outperform | BMO Capital Markets |
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Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that its Board of Directors approved a quarterly dividend of $0.50 per share, payable on December 27, 2024 to shareholders of record as of December 13, 2024. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the DJ Basin in Colorado and the Permian Basin in Texas and New Mexico. Civitas' proven business model to maximize shareholder returns is focused on four key strategic pillars: generating significant free cash flow, maintaining a premier bal
Return of capital to shareholders and debt reduction benefiting from 2H24 production and free cash flow increase Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its third quarter 2024 financial and operating results. A webcast and conference call is planned for 7 a.m. MT (9 a.m. ET) on Friday, November 8, 2024. Participation details are available in this release, and supplemental earnings materials can be accessed on the Company's website, www.civitasresources.com. Key Third Quarter 2024 Results Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Net Income ($MM) $295.8 $687.6 Adjusted Ne
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its third quarter 2024 operating and financial results after market close on Thursday, November 7, 2024. A conference call and webcast are planned for 7 a.m. MT (9 a.m. ET), on Friday, November 8, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich
Measurable targets, proven performance, and transparency reflect Company's commitment to responsible operations Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today published its 2024 Corporate Sustainability Report, providing transparency around the Company's sustainability initiatives, targets, and progress toward stated goals. This is the first sustainability report following Civitas' entry into the Permian Basin and includes a pathway for how the larger, more diversified company will achieve its updated targets. "In 2023, we transformed our company through strategic acquisitions, creating a stronger, more durable, and balanced Civitas, without sacrificing our commi
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that it has received approval by Colorado's Energy and Carbon Management Commission of the Lowry Ranch Comprehensive Area Plan ("CAP") within the Watkins area of the DJ Basin. Hodge Walker, Chief Operating Officer, commented in response, "This CAP approval is the result of thorough work by the Civitas team and extensive stakeholder engagement to ensure the safe development of Colorado's important natural resources, while protecting the environment and minimizing impacts to our communities. Watkins is a prolific development area within the DJ Basin, and we look forward to beginning drilling in the Lowry Ranch
Capital return framework enhanced for share repurchase flexibility and balance sheet support, with buyback authorization increased to $500 million Lower well costs driving $50 million reduction in full-year capital expectations; 2024 sales volume outlook raised 1.5% Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its second quarter 2024 financial and operating results. A webcast and conference call is planned for 9 a.m. MT (11 a.m. ET) on Friday, August 2, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Key Second Quarter 2024 Results Th
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that its Board of Directors approved a quarterly dividend of $1.52 per share, payable on September 26, 2024 to shareholders of record as of September 12, 2024. The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.02 per share. Additional details regarding the calculation of the variable dividend can be found in the Company's latest investor presentation located on its website. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich nat
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com DENVER, July 29, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for EnerCom Denver – The Energy Investment Conference can now request One-on-One meetings with senior management teams of participating companies (listed below). The energy investment community and industry professionals are encouraged to register now for EnerCom Denver, which will take place August 18–21, 2024, at the Westin Denver Downtown. There is no cost to register for the conference
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com Emerging Energy Technology and Energy Transition Companies are Invited to Present at EnerCom Denver DENVER, July 17, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to publish presentation times and schedules for participating companies on the conference website for the 29th Annual EnerCom Denver – The Energy Investment Conference, to be held August 18-21, 2024, at the Westin Denver Downtown. The four-day conference provides investors unparalleled access and networking opportunities, including one-on-one meetings with company management teams. Meetings are limited to qualified investors, incl
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its second quarter 2024 operating and financial results after market close on Thursday, August 1, 2024. A conference call and webcast are planned for 9 a.m. MT (11 a.m. ET), on Friday, August 2, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-ric
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UBS initiated coverage of Civitas Resources with a rating of Neutral and set a new price target of $60.00
JP Morgan initiated coverage of Civitas Resources with a rating of Overweight and set a new price target of $67.00
Wolfe Research resumed coverage of Civitas Resources with a rating of Outperform and set a new price target of $90.00
TD Cowen initiated coverage of Civitas Resources with a rating of Buy and set a new price target of $90.00
RBC Capital Mkts initiated coverage of Civitas Resources with a rating of Outperform and set a new price target of $90.00
Piper Sandler initiated coverage of Civitas Resources with a rating of Overweight and set a new price target of $92.00
Pickering Energy Partners initiated coverage of Civitas Resources with a rating of Outperform
Mizuho upgraded Civitas Resources from Neutral to Buy and set a new price target of $86.00 from $96.00 previously
Siebert Williams Shank initiated coverage of Civitas Resources with a rating of Buy and set a new price target of $106.00
BMO Capital Markets initiated coverage of Civitas Resources with a rating of Outperform and set a new price target of $95.00
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today announced that Brad Whitmarsh has joined Civitas as Vice President, Investor Relations. Mr. Whitmarsh will report to Chief Financial Officer Marianella Foschi and will serve as the primary liaison between the Company and the investment community. Mr. Whitmarsh joins Civitas with more than 20 years of leadership experience in the oil and gas industry. Prior to Civitas, Mr. Whitmarsh most recently served as Vice President, Investor Relations for Denbury Inc., a U.S. focused producer utilizing carbon dioxide (CO2) via enhanced oil recovery to produce carbon-negative oil. Prior to Denbury Inc., Mr. Whitmarsh was with Noble
NEW YORK, Sept. 26, 2023 /PRNewswire/ -- S&P SmallCap 600 constituent Civitas Resources Inc. (NYSE:CIVI) will replace Syneos Health Inc. (NASD: SYNH) in the S&P MidCap 400, and Hayward Holdings Inc. (NYSE:HAYW) will replace Civitas Resources in the S&P SmallCap 600 effective prior to the opening of trading on Friday, September 29. Elliot Investment Management is acquiring Syneos Health in a deal expected to be completed soon pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector September 29, 2023 S&P MidCap 400 Addition Civitas Resources
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today announced the appointment of Jeff Kelly as Chief Transformation Officer, effective August 3, 2023. Chris Doyle, President and CEO, said, "On behalf of the Board of Directors and the Company, I am excited to welcome Jeff to the Civitas team. He is a proven leader and brings experience across all aspects of our business. He will lead our transformation to a diversified business of scale and bring a disciplined and strategic approach that will ensure Civitas continues to execute its business and capture the tremendous value we see in our equity today." Mr. Kelly will report to the CEO and lead the Company's integration
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today announced that Hodge Walker has been appointed Chief Operating Officer, effective April 5, 2023. He will replace Matt Owens who has left the company. Chris Doyle, President and CEO, said, "On behalf of the Board of Directors and the Company, I am pleased to welcome Hodge to Civitas. With more than 25 years of industry experience, Hodge has a proven track record of successfully leading teams and driving a culture of operational excellence. I am confident he will help advance our already strong team and our commitment to safe, efficient, and responsible operations. Finally, I would like to thank Matt for the significant
Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today announced the retirement of Cyrus ("Skip") Marter and the appointment of Travis Counts as the Company's new Chief Legal Officer. Skip Marter, the Company's General Counsel and Secretary, is retiring effective August 1, 2022. In conjunction with Mr. Marter's retirement, the Company's board of directors has appointed Travis Counts as the new Chief Legal Officer and Secretary. Mr. Counts comes to Civitas from the law firm of Bracewell LLP, where he is currently a partner based in Midland, Texas. Prior to joining Bracewell, Mr. Counts was Senior Vice President, General Counsel and Corporate Secretary of Concho Resources Inc
HOUSTON, April 07, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ("Amplify" or the "Company") (NYSE:AMPY) announced the appointment today of Deborah ("Debbie") G. Adams and Eric T. Greager to the Amplify Board of Directors ("Board"). Ms. Adams and Mr. Greager join the Board following a comprehensive process, conducted with the assistance of a nationally recognized board recruitment firm, to complement the Board's existing credentials and qualifications. Ms. Adams was most recently the Senior Vice President of Health, Safety, and Environmental ("HSE"), Projects and Procurement at Phillips 66, where she oversaw all regulatory affairs and processes. Mr. Greager is the former President, Chie
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that its Board of Directors approved a quarterly dividend of $0.50 per share, payable on December 27, 2024 to shareholders of record as of December 13, 2024. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the DJ Basin in Colorado and the Permian Basin in Texas and New Mexico. Civitas' proven business model to maximize shareholder returns is focused on four key strategic pillars: generating significant free cash flow, maintaining a premier bal
Return of capital to shareholders and debt reduction benefiting from 2H24 production and free cash flow increase Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its third quarter 2024 financial and operating results. A webcast and conference call is planned for 7 a.m. MT (9 a.m. ET) on Friday, November 8, 2024. Participation details are available in this release, and supplemental earnings materials can be accessed on the Company's website, www.civitasresources.com. Key Third Quarter 2024 Results Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Net Income ($MM) $295.8 $687.6 Adjusted Ne
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its third quarter 2024 operating and financial results after market close on Thursday, November 7, 2024. A conference call and webcast are planned for 7 a.m. MT (9 a.m. ET), on Friday, November 8, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich
Measurable targets, proven performance, and transparency reflect Company's commitment to responsible operations Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today published its 2024 Corporate Sustainability Report, providing transparency around the Company's sustainability initiatives, targets, and progress toward stated goals. This is the first sustainability report following Civitas' entry into the Permian Basin and includes a pathway for how the larger, more diversified company will achieve its updated targets. "In 2023, we transformed our company through strategic acquisitions, creating a stronger, more durable, and balanced Civitas, without sacrificing our commi
Capital return framework enhanced for share repurchase flexibility and balance sheet support, with buyback authorization increased to $500 million Lower well costs driving $50 million reduction in full-year capital expectations; 2024 sales volume outlook raised 1.5% Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its second quarter 2024 financial and operating results. A webcast and conference call is planned for 9 a.m. MT (11 a.m. ET) on Friday, August 2, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Key Second Quarter 2024 Results Th
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that its Board of Directors approved a quarterly dividend of $1.52 per share, payable on September 26, 2024 to shareholders of record as of September 12, 2024. The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.02 per share. Additional details regarding the calculation of the variable dividend can be found in the Company's latest investor presentation located on its website. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich nat
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its second quarter 2024 operating and financial results after market close on Thursday, August 1, 2024. A conference call and webcast are planned for 9 a.m. MT (11 a.m. ET), on Friday, August 2, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-ric
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced the execution of a definitive agreement to repurchase approximately 1.04 million shares of its common stock from Vitol at a price of $72.00 per share, totaling $75 million. Civitas' acquisition of certain oil and gas assets in the Permian Basin from Vencer Energy, LLC, a Vitol investment, closed on January 2, 2024, in exchange for approximately 7.2 million shares of Civitas stock along with $1.55 billion in cash ($1 billion paid at closing and a remaining $550 million payable on January 3, 2025). Along with other open market sales since the first of the year, the repurchase brings Vitol's current equity positi
Permian execution delivering ahead of plan Cumulative divestments exceed $300 million with non-core DJ Basin transactions; Maintaining full-year guidance as strong performance offsets asset sales impact Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its first quarter 2024 financial and operating results. A webcast and conference call is planned for 9 a.m. MT (11 a.m. ET) on Friday, May 3, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Key First Quarter 2024 Results Three Months Ended March 31, 2024 Net Income ($MM) $175.8
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that its Board of Directors approved a quarterly dividend of $1.50 per share, payable on June 26, 2024 to shareholders of record as of June 12, 2024. The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.00 per share. Additional details regarding the calculation of the variable dividend can be found in the Company's latest investor presentation located on its website. About Civitas Civitas Resources, Inc. is an independent, domestic oil and gas producer focused on development of its premier assets in the Denver-Julesburg ("DJ") and Permian Basins. Civitas
Civitas Resources's (NYSE:CIVI) short percent of float has risen 19.41% since its last report. The company recently reported that it has 3.30 million shares sold short, which is 4.49% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.38 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte
Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Civitas Resources (NYSE:CIVI) in the last three months. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 2 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 1 1 0 0 0 3M Ago 2 0 0 0 0 Analysts have recently evaluated Civitas Resources and provided 12-month price targets. The average target is $96.17, accompanied by a high es
Truist Securities analyst Neal Dingmann maintains Civitas Resources (NYSE:CIVI) with a Buy and lowers the price target from $105 to $100.
Wolfe Research analyst Doug Leggate reinstates Civitas Resources (NYSE:CIVI) with a Outperform.
Civitas Resources's (NYSE:CIVI) short percent of float has fallen 7.16% since its last report. The company recently reported that it has 2.77 million shares sold short, which is 3.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.04 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte
Keybanc analyst Tim Rezvan initiates coverage on Civitas Resources (NYSE:CIVI) with a Overweight rating and announces Price Target of $94.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Morgan Stanley analyst Ross MacDonald initiated coverage on The Goodyear Tire & Rubber Company (NASDAQ:GT) with an Equal-Weight rating, while announcing a price target of $14. Goodyear Tire shares rose 2.9% to close at $11.98 on Wednesday. See how other analysts view this stock. Goldman Sachs analyst Christine Cho initiated coverage on McDonald’s Corporation (NYSE:MCD) with a Neutral rating and announced a price target of $288. McDonald’s shares rose 0.1% to settle at $254.48 on Wednes
Across the recent three months, 8 analysts have shared their insights on Civitas Resources (NYSE:CIVI), expressing a variety of opinions spanning from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving 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 0 1 0 0 0 2M Ago 2 1 0 0 0 3M Ago 3 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $95.0, with a high estimate of $105.00 and a low estimate of $90.00. This cur
TD Cowen analyst Gabe Daoud initiates coverage on Civitas Resources (NYSE:CIVI) with a Buy rating and announces Price Target of $90.