CIVI - Civitas Resources, Inc. Stock Price, Fair Value and News

78.08USD+1.11 (+1.44%)Delayed as of 09 May 2024, 02:01 pm ET

Market Summary

USD78.08+1.11

Delayedas of 09 May 2024, 02:01 pm

1.44%

CIVI Alerts

Big jump in Revenue (Y/Y)

CIVI Stock Price

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CIVI RSI Chart

CIVI Valuation

Market Cap

7.7B

Price/Earnings (Trailing)

10.17

Price/Sales (Trailing)

1.86

EV/EBITDA

4.54

Price/Free Cashflow

3.07

CIVI Price/Sales (Trailing)

CIVI Profitability

EBT Margin

22.70%

Return on Equity

11.42%

Return on Assets

5.02%

Free Cashflow Yield

32.61%

CIVI Fundamentals

CIVI Revenue

Revenue (TTM)

4.2B

Rev. Growth (Yr)

102.62%

Rev. Growth (Qtr)

17.97%

CIVI Earnings

Earnings (TTM)

757.6M

Earnings Growth (Yr)

-13.16%

Earnings Growth (Qtr)

-41.95%

Breaking Down CIVI Revenue

52 Week Range

63.2786.58

(Low)(High)

Last 7 days

8.8%

Last 30 days

1.7%

Last 90 days

23.7%

Trailing 12 Months

13.1%

How does CIVI drawdown profile look like?

CIVI Financial Health

Current Ratio

0.37

Debt/Equity

0.67

Debt/Cashflow

0.57

CIVI Investor Care

Dividend Yield

8.96%

Dividend/Share (TTM)

6.9

Shares Dilution (1Y)

24.43%

Diluted EPS (TTM)

8.32

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	4.2B	0	0	0
2023	3.6B	3.1B	3.2B	3.5B
2022	1.7B	2.7B	3.5B	3.8B
2021	231.8M	351.7M	482.8M	930.6M
2020	301.0M	251.4M	235.1M	218.1M
2019	285.1M	299.0M	299.8M	313.2M
2018	187.7M	231.5M	260.6M	276.7M
2017	203.7M	217.7M	194.5M	192.1M
2016	263.8M	227.9M	205.1M	195.3M
2015	504.3M	443.1M	358.8M	292.7M
2014	470.9M	538.1M	568.5M	558.6M
2013	261.7M	294.7M	362.4M	421.9M
2012	79.4B	53.0B	26.6B	231.2M
2011	0	0	0	105.7B
2010	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Civitas Resources, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	doyle m. christopher	sold (taxes)	-543,791	70.76	-7,685	ceo & president
Apr 05, 2024	walker thomas hodge	sold (taxes)	-360,228	75.11	-4,796	chief operating officer
Feb 28, 2024	counts travis l	sold (taxes)	-65,991	65.08	-1,014	chief adm officer & sec
Feb 28, 2024	doyle m. christopher	sold (taxes)	-257,717	65.08	-3,960	ceo & president
Feb 28, 2024	foschi marianella	sold (taxes)	-97,880	65.08	-1,504	cfo & treasurer
Feb 23, 2024	foschi marianella	sold (taxes)	-76,758	63.02	-1,218	cfo & treasurer
Feb 19, 2024	foschi marianella	sold (taxes)	-2,484,610	63.09	-39,382	cfo & treasurer
Feb 19, 2024	kelly jeffrey s	acquired	-	-	6,281	chief transformation officer
Feb 19, 2024	doyle m. christopher	acquired	-	-	29,252	ceo & president
Feb 19, 2024	counts travis l	acquired	-	-	11,262	chief administrative officer

Which funds bought or sold CIVI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Significant Wealth Partners LLC	new	-	495,886	495,886	0.32%
May 07, 2024	QRG CAPITAL MANAGEMENT, INC.	sold off	-100	-324,267	-	-%
May 07, 2024	ASSETMARK, INC	reduced	-5.25	9,597	194,633	-%
May 07, 2024	Headlands Technologies LLC	sold off	-100	-7,385	-	-%
May 07, 2024	KLEIN PAVLIS & PEASLEY FINANCIAL, INC.	added	21.48	695,938	2,692,220	2.43%
May 07, 2024	Donoghue Forlines LLC	sold off	-100	-397,972	-	-%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-9.35	28,000	4,482,000	0.01%
May 07, 2024	Qsemble Capital Management, LP	new	-	252,780	252,780	0.06%
May 07, 2024	MEEDER ASSET MANAGEMENT INC	unchanged	-	-	-	-%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-77.18	-8,420,090	2,856,110	-%

Are Funds Buying or Selling CIVI?

Are funds buying CIVI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CIVI

No. of Funds

CIVI Alerts

Big jump in Revenue (Y/Y)

Unveiling Civitas Resources, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 03, 2024	kimmeridge energy management company, llc	4.1%	4,172,358	SC 13D/A
Feb 14, 2024	ngp xi us holdings, l.p.	0.04%	41,789	SC 13G/A
Feb 13, 2024	vanguard group inc	10.05%	9,426,017	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 24, 2024	blackrock inc.	10.7%	9,997,967	SC 13G/A
Jan 11, 2024	vitol holding b.v.	7.1%	7,181,527	SC 13G
Aug 14, 2023	ngp xi us holdings, l.p.	0.20%	186,800	SC 13G
Jul 21, 2023	kimmeridge energy management company, llc	10.4%	8,348,022	SC 13D/A
Apr 10, 2023	vanguard group inc	10.57%	8,477,400	SC 13G/A
Feb 23, 2023	kimmeridge energy management company, llc	14.5%	11,644,497	SC 13D/A

Recent SEC filings of Civitas Resources, Inc.

View All Filings

Date Filed	Form Type	Document
May 03, 2024	4	Insider Trading
May 02, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Apr 23, 2024	ARS	ARS
Apr 23, 2024	DEF 14A	DEF 14A
Apr 05, 2024	4	Insider Trading
Apr 03, 2024	SC 13D/A	13D - Major Acquisition
Mar 15, 2024	8-K	Current Report
Mar 15, 2024	8-K/A	Current Report
Mar 01, 2024	4	Insider Trading

Peers (Alternatives to Civitas Resources, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	458.0B	341.1B	-3.65%	6.42%	13.96	1.34	-16.75%	-46.83%
CVX	300.2B	198.9B	0.78%	2.14%	14.79	1.51	-18.05%	-43.28%
OXY	56.4B	27.7B	-7.39%	7.95%	13.06	2.04	-22.75%	-55.41%
MRO	15.2B	6.6B	-8.51%	17.82%	10.61	2.3	-15.57%	-47.38%
CHK	11.6B	6.4B	-2.01%	13.18%	10.97	1.8	-54.63%	-85.10%
MID-CAP
RRC	9.0B	2.2B	3.10%	44.71%	18.62	4.08	-62.59%	-77.29%
HP	3.8B	2.7B	-11.14%	20.77%	10.75	1.38	2.93%	8.77%
CNX	3.6B	2.5B	-2.36%	51.35%	3.55	1.42	-6.59%	-31.79%
KOS	2.8B	1.7B	1.69%	-5.21%	12.77	1.64	-15.13%	-28.06%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	283.6M	304.0M	2.58%	1.42%	9.27	0.93	-28.78%	-93.34%
AMTX	176.4M	186.7M	-21.14%	114.51%	-3.8	0.94	-27.21%	56.92%
BATL	93.1M	220.8M	-14.63%	-12.52%	-30.56	0.42	-38.52%	-116.44%
AE	73.7M	2.8B	-6.97%	-25.60%	42.99	0.03	-15.01%	137.22%
BRN	28.7M	23.9M	12.16%	5.54%	-10.57	1.2	-21.86%	-149.09%

Civitas Resources, Inc. News

Latest updates

Civitas Resources, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	18.0%	1,329	1,127	1,036	661	656	814	1,008	1,151	818	510	190	156	74.00	63.00	59.00	36.00	60.00	80.00	75.00	86.00	73.00
Operating Expenses	14.7%	902	787	657	481	415	458	480	454	416	347	96.00	115	51.00	62.00	40.00	47.00	80.00	62.00	52.00	51.00	43.00
S&GA Expenses	-100.0%	-	55.00	36.00	34.00	37.00	41.00	37.00	30.00	36.00	32.00	12.00	12.00	9.00	9.00	8.00	8.00	9.00	10.00	10.00	10.00	10.00
EBITDA Margin	-5.1%	0.64*	0.68*	0.65*	0.72*	0.74*	0.66*	0.65*	0.60*	0.46*	0.52*	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	21.9%	110	90.00	76.00	9.00	7.00	8.00	7.00	8.00	9.00	3.00	3.00	3.00	0.00	4.00	-0.36	-0.98	-0.22	-0.79	-0.32	-0.38	-1.15
Income Taxes	-54.0%	35.00	76.00	30.00	44.00	65.00	94.00	136	152	23.00	68.00	16.00	-10.39	-0.04	-65.24	5.00	-	-	-	-	-	-
Earnings Before Taxes	-44.4%	211	379	169	184	268	375	542	621	115	231	56.00	-35.71	-0.16	-4.61	8.00	-38.90	79.00	-2.85	36.00	41.00	-6.99
EBT Margin	-21.0%	0.23*	0.29*	0.31*	0.44*	0.50*	0.44*	0.43*	0.38*	0.22*	0.27*	-	-	-	-	-	-	-	-	-	-	-
Net Income	-41.9%	176	303	140	139	202	282	406	469	92.00	164	41.00	-25.32	-0.12	61.00	3.00	-38.90	79.00	-2.85	36.00	41.00	-6.99
Net Income Margin	-19.1%	0.18*	0.23*	0.24*	0.33*	0.37*	0.33*	0.32*	0.29*	0.16*	0.19*	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-3.6%	813	843	520	337	539	512	710	722	533	82.00	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	7.0%	15,084	14,097	12,842	10,171	7,675	7,971	7,689	7,414	7,034	6,741	1,937	1,916	1,208	1,183	1,149	1,190	1,264	1,206	1,200	1,145	1,103
Current Assets	-55.5%	955	2,144	949	3,413	956	1,328	1,188	1,019	674	720	160	142	105	92.00	90.00	103	165	111	119	93.00	120
Cash Equivalents	-95.4%	52.00	1,125	95.00	2,703	556	768	682	439	154	255	41.00	25.00	39.00	25.00	4.00	4.00	11.00	11.00	8.00	9.00	33.00
Inventory	-	-	-	-	-	-	-	27.00	21.00	15.00	12.00	12.00	14.00	10.00	9.00	8.00	8.00	7.00	8.00	7.00	3.00	2.00
Net PPE	18.4%	13,996	11,820	11,768	6,707	6,679	6,611	6,461	6,349	6,311	5,945	1,578	1,559	1,012	997	1,021	1,043	1,043	1,054	1,035	1,009	947
Liabilities	6.7%	8,449	7,916	6,821	5,124	2,573	2,597	2,435	2,422	2,396	2,086	520	531	162	138	166	212	248	270	262	245	245
Current Liabilities	39.3%	2,580	1,852	2,019	1,221	1,058	1,178	1,269	1,474	1,336	1,120	262	230	94.00	74.00	72.00	59.00	96.00	105	104	88.00	101
Long Term Debt	-7.3%	4,438	4,786	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	7.3%	6,635	6,181	6,021	5,047	5,102	5,374	5,254	4,993	4,638	4,655	1,417	1,385	1,047	1,045	983	978	1,016	937	938	900	858
Retained Earnings	1.2%	1,227	1,212	1,060	1,084	1,123	1,158	1,044	790	438	451	327	297	334	334	273	270	309	230	233	197	156
Additional Paid-In Capital	8.8%	5,403	4,964	4,955	3,958	3,974	4,211	4,205	4,198	4,194	4,199	1,086	1,083	709	707	706	704	703	702	701	699	698
Shares Outstanding	6.7%	100	94.00	94.00	80.00	80.00	85.00	85.00	85.00	85.00	37.00	27.00	31.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	3,600	-	-	-	2,700	-	-	-	1,200	-	-	-	271	-	-	-	430	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-3.6%	812,552	843,188	519,542	337,181	538,849	512,178	710,095	722,227	532,541	82,356	112,684	36,595	42,964	47,352	43,215	20,235	47,994	61,639	58,560	62,727	41,721
Share Based Compensation	19.7%	11,199	9,354	8,302	9,895	7,380	6,898	10,244	6,135	8,090	9,462	2,289	2,195	1,612	1,720	1,723	1,474	1,239	1,697	2,041	1,768	1,380
Cashflow From Investing	-75.9%	-1,312,617	-746,292	-3,573,659	-647,597	-275,607	-259,511	-313,093	-217,191	-516,300	128,415	-46,839	20,919	-28,948	-6,290	-5,490	-25,148	-26,871	-58,932	-74,095	-85,343	-36,788
Cashflow From Financing	-161.5%	-574,576	934,491	446,545	2,457,201	-475,161	-166,773	-154,115	-220,134	-116,346	3,273	-49,838	-71,806	-64.00	-20,089	-38,091	-1,996	-21,071	-70.00	14,757	-930	14,847
Dividend Payments	-100.0%	-	149,289	163,507	174,148	173,376	166,331	150,823	116,172	103,596	39,182	10,809	10,789	-	-	-	-	-	-	-	-	-
Buy Backs	13387100.0%	66,936	500*	-3,456	20,398	303,455	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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CIVI Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating net revenues:
Total operating net revenues	$ 1,329,203	$ 656,022
Operating expenses:
Lease operating expense	131,465	45,838
Severance and ad valorem taxes	101,906	52,362
Exploration	11,534	571
Depreciation, depletion, and amortization	466,840	201,303
Transaction costs	22,720	482
General and administrative expense (including $11,199 and $7,380, respectively, of stock-based compensation)	57,878	36,858
Other operating expense	7,566	138
Total operating expenses	902,371	414,965
Other income (expense):
Derivative gain (loss), net	(109,680)	25,160
Interest expense	(109,786)	(7,449)
Loss on property transactions, net	(1,430)	(241)
Other income	4,904	9,023
Total other income (expense)	(215,992)	26,493
Income from operations before income taxes	210,840	267,550
Income tax expense	(35,019)	(65,089)
Net income, basic	175,821	202,461
Net income, diluted	$ 175,821	$ 202,461
Earnings per common share:
Basic (in dollars per share)	$ 1.75	$ 2.48
Diluted (in dollars per share)	$ 1.74	$ 2.46
Weighted-average common shares outstanding:
Basic (in shares)	100,546	81,719
Diluted (in shares)	101,293	82,430
Crude oil, natural gas, and NGL sales
Operating net revenues:
Total operating net revenues	$ 1,327,756	$ 654,841
Midstream operating expense
Operating net revenues:
Total operating net revenues	1,447	1,181
Operating expenses:
Operating expense	13,561	10,061
Gathering, transportation, and processing
Operating expenses:
Operating expense	$ 88,901	$ 67,352

CIVI Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 52,070	$ 1,124,797
Accounts receivable, net:
Crude oil and natural gas sales	601,991	505,961
Joint interest and other	228,004	247,228
Derivative assets	10,602	35,192
Deposits for acquisitions	0	163,164
Prepaid expenses and other	62,268	68,070
Total current assets	954,935	2,144,412
Property and equipment (successful efforts method):
Proved properties	14,973,145	12,738,568
Less: accumulated depreciation, depletion, and amortization	(2,751,356)	(2,339,541)
Total proved properties, net	12,221,789	10,399,027
Unproved properties	957,403	821,939
Wells in progress	759,657	536,858
Other property and equipment, net of accumulated depreciation of $9,861 in 2024 and $9,808 in 2023	57,095	62,392
Total property and equipment, net	13,995,944	11,820,216
Derivative assets	254	8,233
Other noncurrent assets	132,890	124,458
Total assets	15,084,023	14,097,319
Current liabilities:
Accounts payable and accrued expenses	659,848	565,708
Production taxes payable	411,069	421,045
Crude oil and natural gas revenue distribution payable	814,552	766,123
Derivative liability	80,614	18,096
Deferred acquisition consideration	525,627	0
Other liabilities	87,986	80,915
Total current liabilities	2,579,696	1,851,887
Long-term liabilities:
Long-term debt	4,437,624	4,785,732
Ad valorem taxes	376,261	307,924
Derivative liability	5,690	0
Deferred income tax liabilities, net	594,775	564,781
Asset retirement obligations	336,560	305,716
Other long-term liabilities	118,489	99,958
Total liabilities	8,449,095	7,915,998
Commitments and contingencies (Note 6)
Stockholders’ equity:
Preferred stock, $.01 par value, 25,000,000 shares authorized, none outstanding	0	0
Common stock, $.01 par value, 225,000,000 shares authorized, 100,084,095 and 93,774,901 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	5,067	5,004
Additional paid-in capital	5,402,979	4,964,450
Retained earnings	1,226,882	1,211,867
Total stockholders’ equity	6,634,928	6,181,321
Total liabilities and stockholders’ equity	$ 15,084,023	$ 14,097,319

About Civitas Resources, Inc.

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 Wattenberg Field of the Denver-Julesburg Basin of Colorado. The company was formerly known as Bonanza Creek Energy, Inc. Civitas Resources, Inc. was founded in 1999 and is based in Denver, Colorado.

CEO	Mr. M. Christopher Doyle
WEBSITE	https://civitasresources.com
INDUSTRY	Oil - E&P
EMPLOYEES	353

Civitas Resources, Inc. Frequently Asked Questions

What is the ticker symbol for Civitas Resources, Inc.? What does CIVI stand for in stocks?

CIVI is the stock ticker symbol of Civitas Resources, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Civitas Resources, Inc. (CIVI)?

As of Wed May 08 2024, market cap of Civitas Resources, Inc. is 7.7 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CIVI stock?

You can check CIVI's fair value in chart for subscribers.

What is the fair value of CIVI stock?

You can check CIVI's fair value in chart for subscribers. The fair value of Civitas Resources, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Civitas Resources, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CIVI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Civitas Resources, Inc. a good stock to buy?

The fair value guage provides a quick view whether CIVI is over valued or under valued. Whether Civitas Resources, Inc. is cheap or expensive depends on the assumptions which impact Civitas Resources, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CIVI.

What is Civitas Resources, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, CIVI's PE ratio (Price to Earnings) is 10.17 and Price to Sales (PS) ratio is 1.86. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CIVI PE ratio will change depending on the future growth rate expectations of investors.