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Civitas Resources (CIVI) Stock Forecast, Price Target & Predictions

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CIVI Stock Forecast

Civitas Resources stock forecast is as follows: an average price target of $84.70 (represents a 65.62% upside from CIVI’s last price of $51.14) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.

CIVI Price Target

The average price target for Civitas Resources (CIVI) is $84.70 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $100.00 to $60.00. This represents a potential 65.62% upside from CIVI's last price of $51.14.

CIVI Analyst Ratings

Buy

According to 18 Wall Street analysts, Civitas Resources's rating consensus is 'Buy'. The analyst rating breakdown for CIVI stock is 0 'Strong Buy' (0.00%), 15 'Buy' (83.33%), 3 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Civitas Resources Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 16, 2024Josh SilversteinUBS$60.00$50.2319.45%17.32%
Oct 16, 2024Tim RevzanKeyBanc$84.00$51.1064.37%64.25%
Sep 30, 2024Neal DingmannTruist Financial$81.00$51.2158.17%58.39%
Sep 16, 2024Nitin KumarMizuho Securities$84.00$52.9558.64%64.25%
Sep 11, 2024Mark LearPiper Sandler$84.00$53.0958.22%64.25%
Aug 15, 2024Mark LearPiper Sandler$85.00$61.8837.36%66.21%
Jul 07, 2024Lloyd ByrneJefferies$100.00$67.6347.86%95.54%
May 28, 2024Scott HanoldRBC Capital$90.00$71.9125.16%75.99%
May 13, 2024William JanelaMizuho Securities$98.00$76.1828.64%91.63%
May 06, 2024Neal DingmannTruist Financial$105.00$75.5039.07%105.32%
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The latest Civitas Resources stock forecast, released on Oct 16, 2024 by Josh Silverstein from UBS, set a price target of $60.00, which represents a 19.45% increase from the stock price at the time of the forecast ($50.23), and a 17.32% increase from CIVI last price ($51.14).

Civitas Resources Price Target by Period

1M3M12M
# Anlaysts2612
Avg Price Target$72.00$79.67$88.00
Last Closing Price$51.14$51.14$51.14
Upside/Downside40.79%55.79%72.08%

In the current month, the average price target of Civitas Resources stock is $72.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 40.79% increase as opposed to Civitas Resources's last price of $51.14. This month's average price target is down -9.63% compared to last quarter, and down -18.18% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024Truist FinancialUnderperformUnderperformHold
Oct 16, 2024UBSBuyBuyHold
Oct 16, 2024UBS-NeutralInitialise
Oct 16, 2024KeyBancOverweightOverweightHold
Sep 11, 2024Truist FinancialBuyBuyHold
Sep 11, 2024Sandler O'NeillUnderperformUnderperformHold
Sep 11, 2024Piper SandlerOverweightOverweightHold
Aug 15, 2024Piper SandlerOverweightOverweightHold
Aug 13, 2024RBC CapitalBuyBuyHold
Jul 17, 2024Wolfe Research-OutperformInitialise
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Civitas Resources's last stock rating was published by Truist Financial on Oct 16, 2024. The company gave CIVI a "Underperform" rating, the same as its previous rate.

Civitas Resources Financial Forecast

Civitas Resources Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$1.13B$1.04B$660.53M$656.02M$814.27M$1.01B$1.15B$817.81M$510.46M$189.96M$156.03M$74.16M$62.63M$58.86M
Avg Forecast$1.19B$1.19B$1.17B$1.18B$1.39B$1.36B$1.34B$1.35B$1.38B$1.35B$1.29B$1.28B$1.31B$1.31B$1.34B$1.29B$1.18B$1.01B$629.63M$658.14M$751.93M$866.22M$881.48M$645.62M$407.60M$156.74M$134.64M$62.76M$66.70M$65.02M
High Forecast$1.31B$1.31B$1.29B$1.29B$1.52B$1.49B$1.48B$1.48B$1.51B$1.48B$1.42B$1.38B$1.38B$1.36B$1.47B$1.29B$1.25B$1.01B$691.19M$722.49M$825.45M$866.22M$881.48M$645.62M$407.60M$156.74M$134.64M$62.76M$66.70M$65.02M
Low Forecast$1.11B$1.10B$1.09B$1.09B$1.29B$1.26B$1.25B$1.25B$1.28B$1.25B$1.20B$1.17B$1.24B$1.26B$1.25B$1.29B$1.11B$1.01B$585.07M$611.56M$698.71M$866.22M$881.48M$645.62M$407.60M$156.74M$134.64M$62.76M$66.70M$65.02M
# Analysts545454544348843363334444333333
Surprise %----------------0.96%1.03%1.05%1.00%1.08%1.16%1.31%1.27%1.25%1.21%1.16%1.18%0.94%0.91%

Civitas Resources's average Quarter revenue forecast for Mar 24 based on 3 analysts is $1.29B, with a low forecast of $1.29B, and a high forecast of $1.29B. CIVI's average Quarter revenue forecast represents a 14.54% increase compared to the company's last Quarter revenue of $1.13B (Dec 23).

Civitas Resources EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts545454544348843363334444333333
EBITDA----------------$553.40M$353.99M$318.96M$451.61M$574.20M$752.62M$905.64M$623.94M$370.03M$93.87M$1.77M$18.66M$19.33M$31.38M
Avg Forecast$800.35M$797.67M$787.61M$788.95M$930.93M$911.72M$901.93M$904.93M$923.97M$905.27M$866.41M$856.34M$875.52M$877.14M$901.27M$865.81M$788.85M$677.75M$422.41M$441.53M$504.45M$581.13M$591.36M$301.77M$273.45M$82.06M$90.33M$42.10M$44.75M$43.62M
High Forecast$878.60M$875.66M$864.61M$866.08M$1.02B$1.00B$990.11M$993.40M$1.01B$993.78M$951.12M$927.71M$927.79M$911.00M$989.38M$865.81M$841.44M$680.69M$463.70M$484.70M$553.77M$581.13M$591.36M$362.12M$273.45M$98.47M$90.33M$42.10M$44.75M$43.62M
Low Forecast$743.70M$741.21M$731.86M$733.10M$865.04M$847.19M$838.09M$840.87M$858.57M$841.20M$805.09M$784.98M$829.78M$843.27M$837.47M$865.81M$742.83M$674.82M$392.51M$410.28M$468.75M$581.13M$591.36M$241.41M$273.45M$65.65M$90.33M$42.10M$44.75M$43.62M
Surprise %----------------0.70%0.52%0.76%1.02%1.14%1.30%1.53%2.07%1.35%1.14%0.02%0.44%0.43%0.72%

3 analysts predict CIVI's average Quarter EBITDA for Mar 24 to be $865.81M, with a high of $865.81M and a low of $865.81M. This is 56.45% upper than Civitas Resources's previous annual EBITDA (Dec 23) of $553.40M.

Civitas Resources Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts545454544348843363334444333333
Net Income----------------$302.87M$139.67M$139.29M$202.46M$281.87M$405.75M$468.82M$91.64M$163.70M$40.66M$-25.32M$-119.00K$60.63M$3.25M
Avg Forecast----$318.39M$284.89M$265.85M$283.68M$252.13M$234.15M$202.17M$210.51M$195.14M$195.20M$270.20M$251.39M$269.12M$254.77M$171.89M$199.53M$258.77M$353.24M$387.99M$90.15M$207.53M$35.54M$123.20M$75.02M$89.95M$77.33M
High Forecast----$358.86M$321.10M$299.64M$319.73M$284.18M$263.91M$227.87M$301.11M$279.01M$220.01M$270.21M$252.19M$325.33M$254.78M$193.74M$224.89M$291.66M$353.24M$387.99M$108.19M$216.48M$42.65M$123.20M$75.02M$89.95M$77.33M
Low Forecast----$289.09M$258.67M$241.39M$257.57M$228.93M$212.60M$183.57M$119.02M$128.38M$177.24M$270.19M$250.59M$236.86M$254.76M$156.08M$181.17M$234.96M$353.24M$387.99M$72.12M$198.57M$28.44M$123.20M$75.02M$89.95M$77.33M
Surprise %----------------1.13%0.55%0.81%1.01%1.09%1.15%1.21%1.02%0.79%1.14%-0.21%-0.00%0.67%0.04%

Civitas Resources's average Quarter net income forecast for Mar 24 is $251.39M, with a range of $250.59M to $252.19M. CIVI's average Quarter net income forecast represents a -17.00% decrease compared to the company's last Quarter net income of $302.87M (Dec 23).

Civitas Resources SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts545454544348843363334444333333
SG&A----------------$54.52M$36.15M$33.54M$36.86M$40.80M$37.30M$29.67M$35.72M$32.01M$11.72M$12.14M$9.25M$8.18M$8.92M
Avg Forecast$105.21M$104.86M$103.54M$103.71M$122.38M$119.85M$118.57M$118.96M$121.46M$119.01M$113.90M$112.57M$115.10M$115.31M$118.48M$113.82M$103.70M$89.10M$55.53M$58.04M$66.32M$76.39M$77.74M$35.14M$35.95M$10.25M$11.87M$5.53M$5.88M$5.73M
High Forecast$115.50M$115.11M$113.66M$113.85M$134.34M$131.57M$130.16M$130.59M$133.34M$130.64M$125.03M$121.96M$121.97M$119.76M$130.06M$113.82M$110.61M$89.48M$60.96M$63.72M$72.80M$76.39M$77.74M$42.17M$35.95M$12.30M$11.87M$5.53M$5.88M$5.73M
Low Forecast$97.77M$97.44M$96.21M$96.37M$113.72M$111.37M$110.17M$110.54M$112.87M$110.58M$105.84M$103.19M$109.08M$110.86M$110.09M$113.82M$97.65M$88.71M$51.60M$53.93M$61.62M$76.39M$77.74M$28.11M$35.95M$8.20M$11.87M$5.53M$5.88M$5.73M
Surprise %----------------0.53%0.41%0.60%0.64%0.62%0.49%0.38%1.02%0.89%1.14%1.02%1.67%1.39%1.56%

Civitas Resources's average Quarter SG&A projection for Mar 24 is $113.82M, based on 3 Wall Street analysts, with a range of $113.82M to $113.82M. The forecast indicates a 108.75% rise compared to CIVI last annual SG&A of $54.52M (Dec 23).

Civitas Resources EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts545454544348843363334444333333
EPS----------------$3.20$1.57$1.73$2.48$3.31$4.77$5.52$1.08$2.49$1.32$-0.83$-0.01$2.91$0.16
Avg Forecast----$3.24$2.90$2.71$2.89$2.57$2.38$2.06$2.14$1.99$1.99$2.75$2.56$2.74$2.59$1.75$2.03$2.63$3.52$3.87$2.52$2.07$1.59$1.23$0.75$0.90$0.77
High Forecast----$3.65$3.27$3.05$3.26$2.89$2.69$2.32$3.07$2.84$2.24$2.75$2.57$3.31$2.59$1.97$2.29$2.97$3.52$3.87$2.52$2.16$1.59$1.23$0.75$0.90$0.77
Low Forecast----$2.94$2.63$2.46$2.62$2.33$2.16$1.87$1.21$1.31$1.80$2.75$2.55$2.41$2.59$1.59$1.84$2.39$3.52$3.87$2.52$1.98$1.59$1.23$0.75$0.90$0.77
Surprise %----------------1.17%0.61%0.99%1.22%1.26%1.35%1.43%0.43%1.20%0.83%-0.68%-0.01%3.24%0.21%

According to 3 Wall Street analysts, Civitas Resources's projected average Quarter EPS for Mar 24 is $2.56, with a low estimate of $2.55 and a high estimate of $2.57. This represents a -20.02% decrease compared to CIVI previous annual EPS of $3.20 (Dec 23).

Civitas Resources Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
VTLEVital Energy$30.40$57.8390.23%Hold
CIVICivitas Resources$51.14$84.7065.62%Buy
MURMurphy Oil$32.45$46.0842.00%Buy
MTDRMatador Resources Company$57.99$73.1126.07%Buy
ARAntero Resources$31.19$37.5820.49%Buy
PRPermian Resources$15.13$17.9218.44%Buy
SMSM Energy Company$43.72$50.0014.36%Buy
FANGDiamondback Energy$182.24$191.605.14%Buy
RRCRange Resources$33.91$31.53-7.02%Buy
MGYMagnolia Oil & Gas$27.08$25.06-7.46%Buy

CIVI Forecast FAQ

Is Civitas Resources a good buy?

Yes, according to 18 Wall Street analysts, Civitas Resources (CIVI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 15 'Buy' recommendations, accounting for 83.33% of CIVI's total ratings.

What is CIVI's price target?

Civitas Resources (CIVI) average price target is $84.7 with a range of $60 to $100, implying a 65.62% from its last price of $51.14. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Civitas Resources stock go up soon?

According to Wall Street analysts' prediction for CIVI stock, the company can go up by 65.62% (from the last price of $51.14 to the average price target of $84.7), up by 95.54% based on the highest stock price target, and up by 17.32% based on the lowest stock price target.

Can Civitas Resources stock reach $80?

CIVI's average twelve months analyst stock price target of $84.7 supports the claim that Civitas Resources can reach $80 in the near future.

What is Civitas Resources's current price target trend?

2 Wall Street analysts forecast a $72 price target for Civitas Resources (CIVI) this month, up 40.79% from its last price of $51.14. Compared to the last 3 and 12 months, the average price target increased by 55.79% and increased by 72.08%, respectively.

What are Civitas Resources's analysts' financial forecasts?

Civitas Resources's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.44B (high $5.97B, low $5.05B), average EBITDA is $3.65B (high $4.01B, low $3.39B), average net income is $1.15B (high $1.3B, low $1.05B), average SG&A $479.76M (high $526.67M, low $445.8M), and average EPS is $11.74 (high $13.23, low $10.66). CIVI's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $4.73B (high $5.19B, low $4.4B), average EBITDA is $3.17B (high $3.48B, low $2.95B), average net income is $0 (high $0, low $0), average SG&A $417.33M (high $458.13M, low $387.79M), and average EPS is $0 (high $0, low $0).

Did the CIVI's actual financial results beat the analysts' financial forecasts?

Based on Civitas Resources's last annual report (Dec 2023), the company's revenue was $3.48B, beating the average analysts forecast of $3.47B by 0.15%. Apple's EBITDA was $1.56B, missing the average prediction of $2.33B by -33.17%. The company's net income was $784.29M, missing the average estimation of $895.31M by -12.40%. Apple's SG&A was $161.08M, missing the average forecast of $306.37M by -47.42%. Lastly, the company's EPS was $9.02, missing the average prediction of $9.11 by -1.04%. In terms of the last quarterly report (Dec 2023), Civitas Resources's revenue was $1.13B, missing the average analysts' forecast of $1.18B by -4.17%. The company's EBITDA was $553.4M, missing the average prediction of $788.85M by -29.85%. Civitas Resources's net income was $302.87M, beating the average estimation of $269.12M by 12.54%. The company's SG&A was $54.52M, missing the average forecast of $103.7M by -47.42%. Lastly, the company's EPS was $3.2, beating the average prediction of $2.74 by 16.80%