
Civitas Resources (CIVI) Stock Forecast & Price Target
Civitas Resources (CIVI) Analyst Ratings
Bulls say
Civitas Resources Inc. has exhibited strong operational performance, with fourth-quarter production averaging 353 mboe/d, surpassing both internal estimates and industry consensus. The company's strategic advantage in the DJ Basin, coupled with its expansion into the Permian and robust midstream component, positions it well for enhanced liquidity and operational efficiency. Despite current challenges related to elevated leverage and increased cash unit expenses, the anticipated improvement in well returns and a more favorable financial landscape could lead to heightened activity levels moving forward.
Bears say
Civitas Resources Inc. has faced significant operational challenges, highlighted by a troubling forecast that projects a 13% quarter-over-quarter decline in oil production for 1Q25 and a concerning 5.5% year-over-year drop when excluding acquisitions. The company’s full-year guidance reflects an overall 4% decrease in production, primarily driven by the impact of the recent Permian acquisition and underscoring issues in performance from the existing D&C program. Additionally, the termination of the former COO as a cost-cutting measure raises further doubts about the company's long-term strategy and ability to navigate its evolving market landscape, contributing to a negative outlook.
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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