Expert Outlook: Civitas Resources Through The Eyes Of 7 Analysts
Portfolio Pulse from Benzinga Insights
Seven analysts have recently shared their views on Civitas Resources (NYSE:CIVI), with opinions ranging from bullish to bearish. Over the past three months, the sentiment has shifted, with the latest ratings including one somewhat bullish adjustment in the last 30 days. The average 12-month price target for CIVI is now $97.43, marking a 1.84% increase from the previous target of $95.67. Analyst actions include both upgrades and downgrades, with price targets ranging from $90.00 to $110.00. Civitas Resources, an independent exploration and production company, has shown a notable revenue growth rate of 38.38% as of December 31, 2023, but faces challenges with below-average net margin, ROE, ROA, and a high debt-to-equity ratio.
April 22, 2024 | 8:00 pm
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Civitas Resources has seen a mix of analyst ratings with a slight positive adjustment in its average price target to $97.43, reflecting a 1.84% increase. The company's strong revenue growth contrasts with challenges in profitability and debt management.
The mixed analyst ratings with a slight upward adjustment in the price target suggest a cautiously optimistic outlook for CIVI. However, the company's financial challenges, such as below-average profitability metrics and a high debt-to-equity ratio, may temper short-term stock performance. The strong revenue growth indicates potential, but the financial health concerns could limit stock appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100