On Tuesday, Civitas Resources Inc (NYSE: CIVI) opened lower -1.36% from the last session, before settling in for the closing price of $49.26. Price fluctuations for CIVI have ranged from $48.81 to $76.02 over the past 52 weeks.
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During the last 5-year period, the sales growth of Energy Sector giant was 121.75%. Company’s average yearly earnings per share was noted -6.76% at the time writing. With a float of $93.46 million, this company’s outstanding shares have now reached $93.77 million.
Let’s determine the extent of company efficiency that accounts for 516 employees. In terms of profitability, gross margin is 44.05%, operating margin of 58.34%, and the pretax margin is 21.69%.
Civitas Resources Inc (CIVI) Insider Activity
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Civitas Resources Inc is 4.98%, while institutional ownership is 92.62%. The most recent insider transaction that took place on May 15 ’24, was worth 509,356,394. In this transaction 10% Owner of this company sold 6,956,520 shares at a rate of $73.22, taking the stock ownership to the 9,524,201 shares.
Civitas Resources Inc (CIVI) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -6.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.00% 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
Check out the current performance indicators for Civitas Resources Inc (CIVI). In the past quarter, the stock posted a quick ratio of 0.41. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.99. Likewise, its price to free cash flow for the trailing twelve months is 9.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.65, a number that is poised to hit 1.99 in the next quarter and is forecasted to reach 9.22 in one year’s time.
Technical Analysis of Civitas Resources Inc (CIVI)
Looking closely at Civitas Resources Inc (NYSE: CIVI), its last 5-days average volume was 1.11 million, which is a drop from its year-to-date volume of 1.31 million. As of the previous 9 days, the stock’s Stochastic %D was 25.77%. Additionally, its Average True Range was 1.44.
During the past 100 days, Civitas Resources Inc’s (CIVI) raw stochastic average was set at 2.08%, which indicates a significant decrease from 8.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.22% in the past 14 days, which was lower than the 34.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $54.27, while its 200-day Moving Average is $65.47. However, in the short run, Civitas Resources Inc’s stock first resistance to watch stands at $49.24. Second resistance stands at $49.88. The third major resistance level sits at $50.48. If the price goes on to break the first support level at $48.00, it is likely to go to the next support level at $47.40. Should the price break the second support level, the third support level stands at $46.76.
Civitas Resources Inc (NYSE: CIVI) Key Stats
There are currently 98,350K shares outstanding in the company with a market cap of 4.78 billion. Presently, the company’s annual sales total 3,479 M according to its annual income of 784,290 K. Last quarter, the company’s sales amounted to 1,313 M and its income totaled 215,990 K.
