
Civitas Resources (CIVI) Stock Forecast & Price Target
Civitas Resources (CIVI) Analyst Ratings
Bulls say
Civitas Resources Inc demonstrates a competitive advantage in the DJ Basin with its strategic rural location and expansion into the Permian Basin, positioning the company favorably amid current political dynamics. The company's fourth-quarter production exceeded expectations, averaging 353 mboe/d, and the more efficient capital program of $1.85 billion indicates effective cost management and operational efficiency. Furthermore, improvements in well returns and the potential for increased drilling activity, coupled with a robust midstream component that enhances liquidity, contribute to a generally positive outlook for the company's financial performance.
Bears say
Civitas Resources Inc's financial outlook appears concerning due to a projected 13% quarter-over-quarter decline in oil production for 1Q25, with an overall anticipated year-over-year decrease of 5.5% when excluding contributions from a recent acquisition. The company's full-year production guidance indicates a 4% year-over-year decrease, influenced by the Permian acquisition, raising doubts regarding its ability to sustain operational efficiency and growth in a competitive market. Furthermore, management's cost-cutting measures, including the termination of the former COO, coupled with a lower-than-expected 2025 capital expenditure and production forecast, contribute to a negative sentiment surrounding the stock.
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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