JP Morgan initiated coverage on Civitas Resources with a new price target
$CIVI
Oil & Gas Production
Energy
JP Morgan initiated coverage of Civitas Resources with a rating of Overweight and set a new price target of $67.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/30/2025 | $40.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 5/15/2025 | $34.00 | Buy → Neutral | Roth Capital |
| 3/24/2025 | $50.00 → $42.00 | Outperform → Market Perform | BMO Capital Markets |
| 3/5/2025 | $80.00 → $42.00 | Buy → Hold | Siebert Williams Shank |
| 2/26/2025 | $68.00 → $62.00 | Overweight → Neutral | Analyst |
| 2/25/2025 | Outperform → Neutral | Pickering Energy Partners | |
| 2/25/2025 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 1/10/2025 | $64.00 | Overweight | Morgan Stanley |
SC 13G - CIVITAS RESOURCES, INC. (0001509589) (Subject)
SC 13G/A - CIVITAS RESOURCES, INC. (0001509589) (Subject)
SC 13D/A - CIVITAS RESOURCES, INC. (0001509589) (Subject)
4 - CIVITAS RESOURCES, INC. (0001509589) (Issuer)
4 - CIVITAS RESOURCES, INC. (0001509589) (Issuer)
4 - CIVITAS RESOURCES, INC. (0001509589) (Issuer)
Civitas Resources, Inc. (the "Company") (NYSE:CIVI) today announced that it has priced an upsized private placement (the "Offering") to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), of $750 million in aggregate principal amount of new 9.625% senior notes due 2033 (the "Notes") at par. The Offering is expected to close on June 3, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the Offering to repay a portion of the outstanding borrowings under the Company's revolving credit facility. The Notes to be offered will not be registered under the Securitie
Civitas Resources, Inc. (the "Company") (NYSE:CIVI) today announced that, subject to market conditions, it intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2032 (the "Notes") in a private placement (the "Offering") to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"). The Company expects to use the net proceeds from the Offering to repay a portion of the outstanding borrowings under the Company's revolving credit facility. The Notes to be offered will not be registered under the Securities Act or under any state or other securities laws, and the Notes will be issued pursuant to an
Implementing cost optimization and operational efficiency initiatives to deliver over $100 million in annualized free cash flow Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its first quarter 2025 financial and operating results. A webcast and conference call to review the Company's results is planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Management Quote CEO Chris Doyle commented, "Our high-quality, low-breakeven assets continue to position us well in the current environment, following ou
RBC Capital Mkts downgraded Civitas Resources from Outperform to Sector Perform and set a new price target of $40.00
Roth Capital downgraded Civitas Resources from Buy to Neutral and set a new price target of $34.00
BMO Capital Markets downgraded Civitas Resources from Outperform to Market Perform and set a new price target of $42.00 from $50.00 previously
Implementing cost optimization and operational efficiency initiatives to deliver over $100 million in annualized free cash flow Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its first quarter 2025 financial and operating results. A webcast and conference call to review the Company's results is planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Management Quote CEO Chris Doyle commented, "Our high-quality, low-breakeven assets continue to position us well in the current environment, following ou
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its first quarter 2025 operating and financial results after market close on Wednesday, May 7, 2025. A conference call and webcast are planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. 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 n
Successful land optimization initiatives and bolt-on acquisition expand high–quality development inventory Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced its 2025 outlook, including a new debt reduction goal for the year, as well as an enhanced asset portfolio and a recent bolt-on transaction in the Permian Basin. Civitas President and CEO Chris Doyle said, "Our 2025 outlook is designed to maximize free cash flow, capitalizing on the sustainable efficiencies we have delivered in our first full year of operating in the Permian Basin and our strong track record of execution in the DJ Basin. We are maintaining a disciplined posture in 2025 in the face of
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") announced that Clay Carrell has joined the Company as President and Chief Operating Officer, effective today. Chris Doyle, Chief Executive Officer, said, "On behalf of the Board of Directors and the Company, I am excited to welcome Clay to the Civitas team. He brings proven leadership experience, having successfully managed multi-basin development programs and the effective deployment of best practices to safely lower costs and enhance margins. Clay's experience will help ensure that we maximize the value of our quality asset base as we execute our strategic objectives." Carrell said, "I am thrilled to join this talented tea
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that Lloyd W. "Billy" Helms, Jr. has been appointed to the Company's Board of Directors, effective immediately. Civitas Board Chair Wouter van Kempen, said, "Billy is a fantastic addition to our board and brings a 40-year track record of operational and technical expertise. He has successfully led operating teams, creating sustainable efficiencies through proven operating practices that can be rapidly applied across multiple basins." Helms has more than 15 years of executive management experience and over 40 years of oil and gas industry experience. He most recently served at EOG Resources, Inc., where he he
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
4 - CIVITAS RESOURCES, INC. (0001509589) (Issuer)
4 - CIVITAS RESOURCES, INC. (0001509589) (Issuer)
4 - CIVITAS RESOURCES, INC. (0001509589) (Issuer)
8-K - CIVITAS RESOURCES, INC. (0001509589) (Filer)
8-K - CIVITAS RESOURCES, INC. (0001509589) (Filer)
8-K - CIVITAS RESOURCES, INC. (0001509589) (Filer)