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Civitas Resources NYSE:CIVI Stock Report

Last Price

US$42.83

Market Cap

US$4.1b

7D

-10.9%

1Y

-38.5%

Updated

22 Dec, 2024

Data

Company Financials +

Civitas Resources, Inc.

NYSE:CIVI Stock Report

Market Cap: US$4.1b

CIVI Stock Overview

An exploration and production company, focuses on the acquisition, development, and production of oil and natural gas in the Rocky Mountain region, primarily in the Field of the Denver-Julesburg Basin of Colorado. More details

CIVI fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends3/6

Rewards

Trading at 80% below our estimate of its fair value

Earnings grew by 29.8% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 71.4%

Risk Analysis

Earnings are forecast to decline by an average of 8.2% per year for the next 3 years

Has a high level of debt

Shareholders have been diluted in the past year

Dividend of 11.6% is not well covered by free cash flows


My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 15 Analysts

Doubling In Size From Permian Acquisition Will Boost Future Operational Efficiency

Key Takeaways Acquiring Permian assets doubled Civitas's size, enhancing inventory and operational efficiency, which may boost revenue in low breakeven basins. Strategic focus on free cash flow and repurchases, along with innovations like simul-fracs, could enhance earnings through reduced costs and increased efficiency.
View narrative
US$74.33
FV
42.4% undervalued intrinsic discount
2.73%
Revenue growth p.a.
0users have liked this narrative
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7users have followed this narrative
3 days ago author updated this narrative

Civitas Resources, Inc. Competitors

Denbury

NYSE:DEN

US$4.6b

Northern Oil and Gas

NYSE:NOG

US$3.5b

Chord Energy

NasdaqGS:CHRD

US$6.8b

Murphy Oil

NYSE:MUR

US$4.1b

Price History & Performance

Summary of share price highs, lows and changes for Civitas Resources
Historical stock prices
Current Share PriceUS$42.83
52 Week HighUS$78.63
52 Week LowUS$42.48
Beta1.48
1 Month Change-18.88%
3 Month Change-21.31%
1 Year Change-38.54%
3 Year Change-10.90%
5 Year Change83.03%
Change since IPO-97.18%

Recent News & Updates

Civitas Continues To Deliver Peer-Leading Free Cash Flow

Dec 18

Civitas Resources, Inc.'s (NYSE:CIVI) Earnings Are Not Doing Enough For Some Investors

Dec 15
Civitas Resources, Inc.'s (NYSE:CIVI) Earnings Are Not Doing Enough For Some Investors

Recent updates

Civitas Continues To Deliver Peer-Leading Free Cash Flow

Dec 18

Civitas Resources, Inc.'s (NYSE:CIVI) Earnings Are Not Doing Enough For Some Investors

Dec 15
Civitas Resources, Inc.'s (NYSE:CIVI) Earnings Are Not Doing Enough For Some Investors

Civitas Resources (NYSE:CIVI) Takes On Some Risk With Its Use Of Debt

Nov 03
Civitas Resources (NYSE:CIVI) Takes On Some Risk With Its Use Of Debt

Civitas Resources: A Strategic Growth And Value Play Opportunity

Oct 15

Civitas Resources Stock: Substantial Upside Potential

Sep 19

Investors Aren't Entirely Convinced By Civitas Resources, Inc.'s (NYSE:CIVI) Earnings

Sep 02
Investors Aren't Entirely Convinced By Civitas Resources, Inc.'s (NYSE:CIVI) Earnings

Civitas Resources, Inc. Just Missed Earnings - But Analysts Have Updated Their Models

Aug 04
Civitas Resources, Inc. Just Missed Earnings - But Analysts Have Updated Their Models

Civitas Resources: M&A Driven Growth, And Very Undervalued

Jul 18

Civitas Resources, Inc.'s (NYSE:CIVI) Intrinsic Value Is Potentially 42% Above Its Share Price

Jul 12
Civitas Resources, Inc.'s (NYSE:CIVI) Intrinsic Value Is Potentially 42% Above Its Share Price

Civitas Resources: The Acquisitions Continue

May 21

Take Care Before Diving Into The Deep End On Civitas Resources, Inc. (NYSE:CIVI)

May 03
Take Care Before Diving Into The Deep End On Civitas Resources, Inc. (NYSE:CIVI)

Is Civitas Resources (NYSE:CIVI) Using Too Much Debt?

Apr 15
Is Civitas Resources (NYSE:CIVI) Using Too Much Debt?

Civitas Resources, Inc.'s (NYSE:CIVI) Intrinsic Value Is Potentially 99% Above Its Share Price

Mar 24
Civitas Resources, Inc.'s (NYSE:CIVI) Intrinsic Value Is Potentially 99% Above Its Share Price

Civitas Resources, Inc. (NYSE:CIVI) Screens Well But There Might Be A Catch

Dec 27
Civitas Resources, Inc. (NYSE:CIVI) Screens Well But There Might Be A Catch

Civitas: Higher For Longer

Dec 17

Civitas Resources (NYSE:CIVI) Takes On Some Risk With Its Use Of Debt

Dec 04
Civitas Resources (NYSE:CIVI) Takes On Some Risk With Its Use Of Debt

Civitas Resources Bolsters Its Permian Position With Low-Priced Acquisition

Oct 05

Does Civitas Resources (NYSE:CIVI) Have A Healthy Balance Sheet?

Aug 31
Does Civitas Resources (NYSE:CIVI) Have A Healthy Balance Sheet?

Civitas Resources, Inc. (NYSE:CIVI) Shares Could Be 37% Below Their Intrinsic Value Estimate

Aug 10
Civitas Resources, Inc. (NYSE:CIVI) Shares Could Be 37% Below Their Intrinsic Value Estimate

Civitas Resources: Essential Basin Diversification

Aug 02

We Ran A Stock Scan For Earnings Growth And Civitas Resources (NYSE:CIVI) Passed With Ease

Jun 23
We Ran A Stock Scan For Earnings Growth And Civitas Resources (NYSE:CIVI) Passed With Ease

Shareholder Returns

CIVIUS Oil and GasUS Market
7D-10.9%-5.1%-2.4%
1Y-38.5%2.6%23.3%

Return vs Industry: CIVI underperformed the US Oil and Gas industry which returned 2.6% over the past year.

Return vs Market: CIVI underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is CIVI's price volatile compared to industry and market?
CIVI volatility
CIVI Average Weekly Movement4.9%
Oil and Gas Industry Average Movement5.4%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: CIVI has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: CIVI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999516Chris Doylecivitasresources.com

Civitas Resources, Inc., an exploration and production company, focuses on the acquisition, development, and production of oil and natural gas in the Rocky Mountain region, primarily in the Field of the Denver-Julesburg Basin of Colorado. It also holds interest in production wells. The company was formerly known as Bonanza Creek Energy, Inc. Civitas Resources, Inc. was founded in 1999 and is based in Denver, Colorado.

Civitas Resources, Inc. Fundamentals Summary

How do Civitas Resources's earnings and revenue compare to its market cap?
CIVI fundamental statistics
Market capUS$4.13b
Earnings (TTM)US$990.48m
Revenue (TTM)US$5.04b

4.2x

P/E Ratio

0.8x

P/S Ratio

Is CIVI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CIVI income statement (TTM)
RevenueUS$5.04b
Cost of RevenueUS$1.30b
Gross ProfitUS$3.74b
Other ExpensesUS$2.75b
EarningsUS$990.48m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)10.26
Gross Margin74.19%
Net Profit Margin19.65%
Debt/Equity Ratio72.6%

How did CIVI perform over the long term?

See historical performance and comparison

Dividends

11.6%

Current Dividend Yield

60%

Payout Ratio

Does CIVI pay a reliable dividends?

See CIVI dividend history and benchmarks
When do you need to buy CIVI by to receive an upcoming dividend?
Civitas Resources dividend dates
Ex Dividend DateDec 13 2024
Dividend Pay DateDec 27 2024
Days until Ex dividend9 days
Days until Dividend pay date5 days

Does CIVI pay a reliable dividends?

See CIVI dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:00
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Civitas Resources, Inc. is covered by 47 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Phillip JungwirthBMO Capital Markets Equity Research
Daniel McSpiritBMO Capital Markets U.S. (Historical)
Jason SmithBofA Global Research