
Civitas Resources (CIVI) Stock Forecast & Price Target
Civitas Resources (CIVI) Analyst Ratings
Bulls say
Civitas Resources Inc. benefits from a strategic rural location in the Denver-Julesburg Basin, supplemented by an expansion into the Permian Basin, which enhances its operational flexibility amid a fluctuating political climate. The company's fourth-quarter production averaged 353 mboe/d, surpassing both internal estimates and consensus expectations, indicating strong operational performance and efficient capital management with a $1.85 billion program, which is more cost-effective than initially projected. Additionally, the improving well returns and valuable midstream component contribute to the company's potential liquidity and growth prospects, thereby supporting a favorable long-term outlook.
Bears say
Civitas Resources Inc. faces a challenging outlook, with the company projecting a significant near-term decline in oil production of 13% quarter-over-quarter for the first quarter of 2025 and a year-over-year reduction of 5.5% when accounting for new acquisitions. Additionally, the overall production guidance indicates a 4% decrease in year-over-year figures, suggesting operational inefficiencies and declining output, particularly in light of the impact from the recent acquisition in the Midland region. Furthermore, the termination of the former COO as part of a cost-cutting initiative raises concerns about management stability and the company’s ability to navigate these financial challenges effectively.
This aggregate rating is based on analysts' research of Civitas Resources and is not a guaranteed prediction by Public.com or investment advice.
Civitas Resources (CIVI) Analyst Forecast & Price Prediction
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