Civitas Resources Inc (NYSE:CIVI) shares, rose in value, with the stock price up by 0.39% to the previous day’s close as strong demand from buyers drove the stock to $74.01.
Actively observing the price movement in the last trading, the stock closed the session at $73.72. The PE ratio was 8.28 over 12-month period. Referring to stock’s 52-week performance, its high was $82.81, and the low was $59.58. On the whole, CIVI has fluctuated by -1.24% over the past month.
The company’s Forward Dividend Ratio is 2.00, with its dividend yield at 2.70%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.44B, with a low estimate of 1.24B and a high estimate of 1.32B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.29B.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.55, with the price of CIVI currently trading nearly -0.65% and 4.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.23, while the 7-day volatility ratio is showing 2.20% which for the 30-day chart, stands at 2.27%. Furthermore, Civitas Resources Inc (CIVI)’s beta value is 1.55, and its average true range (ATR) is 1.69.
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 0.39% in last session, and over the past year, it grew by 18.50%%.
Data on historical trading for Civitas Resources Inc (NYSE:CIVI) indicates that the trading volumes over the past 3 months, they’ve averaged 1.43 million. According to company’s latest data on outstanding shares, there are 93.77 million shares outstanding.
Nearly 17.46% of Civitas Resources Inc’s shares belong to company insiders and institutional investors own 85.02% of the company’s shares. The stock has risen by 9.69% 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.
