A look at Civitas Resources Inc’s (CIVI) recent performance gives investors their first glimpse of hope.

Civitas Resources Inc (NYSE: CIVI) kicked off on Tuesday, down -0.71% from the previous trading day, before settling in for the closing price of $75.87. Over the past 52 weeks, CIVI has traded in a range of $59.58-$82.81.

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Energy Sector giant saw their annual sales surged by 121.75% over the last five years. While this was happening, its average annual earnings per share was recorded 19.76%. With a float of $79.17 million, this company’s outstanding shares have now reached $93.77 million.

The firm has a total of 516 workers. Let’s measure their productivity.

Civitas Resources Inc (CIVI) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Civitas Resources Inc is 21.63%, while institutional ownership is 84.05%. The most recent insider transaction that took place on Jul 19 ’23, was worth 232,401,488. In this transaction 10% Owner of this company sold 3,296,475 shares at a rate of $70.50, taking the stock ownership to the 8,348,022 shares. Before that another transaction happened on May 05 ’23, when Company’s Chief Legal Officer & Sec. bought 6,835 for $68.20, making the entire transaction worth $466,126. This insider now owns 36,799 shares in total.

Civitas Resources Inc (CIVI) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $2.2 earnings per share (EPS), lower than consensus estimate (set at $2.73) by -$0.53. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.74 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 19.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to 2.01% growth over the previous five years of trading.

Civitas Resources Inc (NYSE: CIVI) Trading Performance Indicators

Take a look at Civitas Resources Inc’s (CIVI) current performance indicators. Last quarter, stock had a quick ratio of 1.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.19. Likewise, its price to free cash flow for the trailing twelve months is 10.43.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.94, a number that is poised to hit 2.52 in the next quarter and is forecasted to reach 13.04 in one year’s time.

Technical Analysis of Civitas Resources Inc (CIVI)

Analysing the last 5-days average volume posted by the [Civitas Resources Inc, CIVI], we can find that recorded value of 1.47 million was better than the volume posted last year of 1.3 million. As of the previous 9 days, the stock’s Stochastic %D was 77.25%. Additionally, its Average True Range was 1.66.

During the past 100 days, Civitas Resources Inc’s (CIVI) raw stochastic average was set at 92.40%, which indicates a significant increase from 82.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.23% in the past 14 days, which was lower than the 28.80% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $67.55, while its 200-day Moving Average is $71.75. Now, the first resistance to watch is $76.38. This is followed by the second major resistance level at $77.42. The third major resistance level sits at $78.29. If the price goes on to break the first support level at $74.46, it is likely to go to the next support level at $73.59. Should the price break the second support level, the third support level stands at $72.54.

Civitas Resources Inc (NYSE: CIVI) Key Stats

The company with the Market Capitalisation of 7.61 billion has total of 101,021K Shares Outstanding. Its annual sales at the moment are 3,479 M in contrast with the sum of 784,290 K annual income. Company’s last quarter sales were recorded 1,127 M and last quarter income was 302,870 K.