Civitas Resources Inc (NYSE: CIVI) on Tuesday, soared 0.47% from the previous trading day, before settling in for the closing price of $72.95. Within the past 52 weeks, CIVI’s price has moved between $59.58 and $82.81.
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Annual sales at Energy sector company grew by 121.75% over the past five years. The company achieved an average annual earnings per share of 30.11%. With a float of $83.38 million, this company’s outstanding shares have now reached $93.77 million.
Let’s look at the performance matrix of the company that is accounted for 516 employees.
Civitas Resources Inc (CIVI) Insider Updates
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Civitas Resources Inc is 17.46%, while institutional ownership is 84.24%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 30.11% 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
Civitas Resources Inc (CIVI) is currently performing well based on its current performance indicators. A quick ratio of 1.15 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.13. Likewise, its price to free cash flow for the trailing twelve months is 10.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.94, a number that is poised to hit 2.55 in the next quarter and is forecasted to reach 13.98 in one year’s time.
Technical Analysis of Civitas Resources Inc (CIVI)
Civitas Resources Inc (NYSE: CIVI) saw its 5-day average volume 1.06 million, a negative change from its year-to-date volume of 1.32 million. As of the previous 9 days, the stock’s Stochastic %D was 26.39%. Additionally, its Average True Range was 1.75.
During the past 100 days, Civitas Resources Inc’s (CIVI) raw stochastic average was set at 77.58%, which indicates a significant increase from 32.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.72% in the past 14 days, which was lower than the 25.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $70.67, while its 200-day Moving Average is $72.29. Nevertheless, the first resistance level for the watch stands at $73.89 in the near term. At $74.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $75.38. If the price goes on to break the first support level at $72.40, it is likely to go to the next support level at $71.51. Assuming the price breaks the second support level, the third support level stands at $70.91.
Civitas Resources Inc (NYSE: CIVI) Key Stats
Market capitalization of the company is 7.40 billion based on 101,021K outstanding shares. Right now, sales total 3,479 M and income totals 784,290 K. The company made 1,127 M in profit during its latest quarter, and 302,870 K in sales during its previous quarter.
