In-Depth Examination Of 7 Analyst Recommendations For Civitas Resources
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Civitas Resources (NYSE:CIVI) over the past three months, with a shift towards more bullish sentiments. The average 12-month price target has decreased by 10.76% to $86.86. Civitas Resources has shown strong financial performance with significant revenue growth and profitability, but it also has a higher debt-to-equity ratio than the industry average.
September 30, 2024 | 4:01 pm
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Civitas Resources has received mixed analyst ratings, with a recent shift towards more bullish sentiments. The average 12-month price target has decreased by 10.76% to $86.86. Despite strong financial performance, the company has a higher debt-to-equity ratio than the industry average.
The article provides a detailed analysis of analyst ratings for Civitas Resources, showing a shift towards bullish sentiments. However, the average price target has decreased, indicating mixed expectations. The company's strong financial performance is a positive indicator, but the higher debt-to-equity ratio poses a risk.
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