Civitas Resources Inc (NYSE:CIVI) shares, rose in value on Friday, November 01, with the stock price down by -0.98% to the previous day’s close as strong demand from buyers drove the stock to $48.31.
Actively observing the price movement in the last trading, the stock closed the session at $48.79, falling within a range of $48.13 and $49.59. The value of beta (5-year monthly) was 1.486 whereas the PE ratio was 5.58 over 12-month period. Referring to stock’s 52-week performance, its high was $76.02, and the low was $48.05. On the whole, CIVI has fluctuated by -10.04% over the past month.
With the market capitalization of Civitas Resources Inc currently standing at about $4.75 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07. The company’s Forward Dividend Ratio is 2.00, with its dividend yield at 4.14%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.3B, with a low estimate of 1.27B and a high estimate of 1.47B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.33B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CIVI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.51, with the price of CIVI currently trading nearly -5.50% and -9.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.60, while the 7-day volatility ratio is showing 2.38% which for the 30-day chart, stands at 2.19%. Furthermore, Civitas Resources Inc (CIVI)’s beta value is 1.49, and its average true range (ATR) is 1.41.
A comparison of Civitas Resources Inc (CIVI) with its peers suggests the former has fared considerably weaker in the market. CIVI showed an intraday change of -0.98% in last session, and over the past year, it shrunk by -31.12%%.
Data on historical trading for Civitas Resources Inc (NYSE:CIVI) indicates that the trading volumes over the past 10 days have averaged 1.01 and over the past 3 months, they’ve averaged 1.20 million. According to company’s latest data on outstanding shares, there are 93.77 million shares outstanding.
Nearly 4.98% of Civitas Resources Inc’s shares belong to company insiders and institutional investors own 93.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.55 million shares as on 2024-10-15, resulting in a short ratio of 2.77. According to the data, the short interest in Civitas Resources Inc (CIVI) stood at 493.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 4.14 million. The stock has fallen by -25.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CIVI stock heading into the next quarter.
