Civitas Resources (CIVI) Stock Forecast, Price Target & Predictions
CIVI Stock Forecast
Civitas Resources stock forecast is as follows: an average price target of $92.63 (represents a 74.94% upside from CIVI’s last price of $52.95) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
CIVI Price Target
The average price target for Civitas Resources (CIVI) is $92.63 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $105.00 to $74.00. This represents a potential 74.94% upside from CIVI's last price of $52.95.
CIVI Analyst Ratings
According to 17 Wall Street analysts, Civitas Resources's rating consensus is 'Buy'. The analyst rating breakdown for CIVI stock is 0 'Strong Buy' (0.00%), 14 'Buy' (82.35%), 3 'Hold' (17.65%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Civitas Resources Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 11, 2024 | Mark Lear | Piper Sandler | $84.00 | $53.09 | 58.22% | 58.64% |
| Aug 15, 2024 | Mark Lear | Piper Sandler | $85.00 | $61.88 | 37.36% | 60.53% |
| Jul 07, 2024 | Lloyd Byrne | Jefferies | $100.00 | $67.63 | 47.86% | 88.86% |
| May 28, 2024 | Scott Hanold | RBC Capital | $90.00 | $71.91 | 25.16% | 69.97% |
| May 13, 2024 | William Janela | Mizuho Securities | $98.00 | $76.18 | 28.64% | 85.08% |
| May 06, 2024 | Neal Dingmann | Truist Financial | $105.00 | $75.50 | 39.07% | 98.30% |
| Mar 18, 2024 | Nitin Kumar | Mizuho Securities | $90.00 | $73.00 | 23.29% | 69.97% |
| Jan 26, 2024 | Phillip Jungwirth | BMO Capital | $95.00 | $66.29 | 43.31% | 79.41% |
| Aug 31, 2023 | Phillip Jungwirth | Loop Capital Markets | $95.00 | $81.98 | 15.87% | 79.41% |
| Jun 26, 2023 | Roth MKM Ratings | Roth Capital | $74.00 | $64.84 | 14.13% | 39.75% |
The latest Civitas Resources stock forecast, released on Sep 11, 2024 by Mark Lear from Piper Sandler, set a price target of $84.00, which represents a 58.22% increase from the stock price at the time of the forecast ($53.09), and a 58.64% increase from CIVI last price ($52.95).
Civitas Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 8 |
| Avg Price Target | $84.00 | $89.67 | $93.38 |
| Last Closing Price | $52.95 | $52.95 | $52.95 |
| Upside/Downside | 58.64% | 69.35% | 76.36% |
In the current month, the average price target of Civitas Resources stock is $84.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 58.64% increase as opposed to Civitas Resources's last price of $52.95. This month's average price target is down -6.32% compared to last quarter, and down -10.04% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 11, 2024 | Truist Financial | Buy | Buy | Hold |
| Sep 11, 2024 | Sandler O'Neill | Underperform | Underperform | Hold |
| Sep 11, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 13, 2024 | RBC Capital | Buy | Buy | Hold |
| Jul 17, 2024 | Wolfe Research | - | Outperform | Initialise |
| Jul 07, 2024 | Jefferies | Buy | Buy | Hold |
| Jun 24, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jun 13, 2024 | William Blair | Buy | Buy | Hold |
| Jun 13, 2024 | Cowen & Co. | - | Buy | Initialise |
Civitas Resources's last stock rating was published by Truist Financial on Sep 11, 2024. The company gave CIVI a "Buy" rating, the same as its previous rate.
Civitas Resources Financial Forecast
Civitas Resources Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 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 | $1.33B | $1.33B | $1.33B | $1.31B | $1.44B | $1.41B | $1.37B | $1.38B | $1.42B | $1.39B | $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 | $1.25B | $1.25B | $1.23B | $1.24B | $1.40B | $1.40B | $1.40B | $1.38B | $1.52B | $1.48B | $1.44B | $1.45B | $1.49B | $1.43B | $1.41B | $1.36B | $1.25B | $1.06B | $661.61M | $691.57M | $790.12M | $910.21M | $932.17M | $682.74M | $431.04M | $165.75M | $142.38M | $66.37M | $70.54M | $68.76M |
| Low Forecast | $1.13B | $1.12B | $1.11B | $1.11B | $1.26B | $1.26B | $1.26B | $1.24B | $1.37B | $1.33B | $1.29B | $1.30B | $1.34B | $1.33B | $1.27B | $1.22B | $1.11B | $955.33M | $595.40M | $622.36M | $711.06M | $819.13M | $841.12M | $616.05M | $388.93M | $149.56M | $128.47M | $59.89M | $63.65M | $62.04M |
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| 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 $1.22B, and a high forecast of $1.36B. 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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| 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 | $892.94M | $892.26M | $890.92M | $880.19M | $968.50M | $943.67M | $917.91M | $925.47M | $950.38M | $929.43M | $901.27M | $865.81M | $788.85M | $677.75M | $422.41M | $441.53M | $504.45M | $76.73M | $591.36M | $301.77M | $273.45M | $82.06M | $90.33M | $42.10M | $44.75M | $43.62M |
| High Forecast | $841.00M | $838.18M | $827.61M | $829.02M | $938.29M | $937.58M | $936.17M | $924.89M | $1.02B | $991.59M | $964.52M | $972.47M | $998.65M | $962.63M | $947.04M | $909.78M | $841.44M | $712.17M | $443.86M | $463.96M | $530.07M | $92.07M | $625.37M | $362.12M | $289.17M | $98.47M | $95.52M | $44.53M | $47.32M | $46.13M |
| Low Forecast | $756.84M | $754.31M | $744.79M | $746.06M | $844.39M | $843.76M | $842.49M | $832.34M | $915.85M | $892.37M | $868.01M | $875.16M | $898.72M | $889.60M | $852.27M | $818.74M | $742.83M | $640.91M | $399.44M | $417.53M | $477.03M | $61.38M | $564.28M | $241.41M | $260.93M | $65.65M | $86.19M | $40.18M | $42.70M | $41.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.70% | 0.52% | 0.76% | 1.02% | 1.14% | 9.81% | 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 $909.78M and a low of $818.74M. This is 56.45% upper than Civitas Resources's previous annual EBITDA (Dec 23) of $553.40M.
Civitas Resources Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| 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 | - | - | - | - | $325.80M | $303.55M | $282.23M | $301.54M | $315.54M | $291.17M | $266.38M | $289.16M | $274.86M | $257.27M | $275.76M | $256.56M | $274.65M | $260.01M | $175.43M | $203.63M | $264.09M | $33.23M | $387.99M | $90.15M | $207.53M | $35.54M | $123.20M | $75.02M | $89.95M | $77.33M |
| High Forecast | - | - | - | - | $347.31M | $323.59M | $300.86M | $321.45M | $336.37M | $310.40M | $283.97M | $308.25M | $293.00M | $304.71M | $293.96M | $273.50M | $332.03M | $277.18M | $187.01M | $217.08M | $281.53M | $39.88M | $417.00M | $108.19M | $223.04M | $42.65M | $132.41M | $80.62M | $96.67M | $83.11M |
| Low Forecast | - | - | - | - | $302.77M | $282.09M | $262.28M | $280.23M | $293.24M | $270.59M | $247.56M | $268.73M | $255.43M | $191.58M | $256.27M | $238.43M | $241.73M | $241.63M | $163.03M | $189.24M | $245.43M | $26.59M | $364.90M | $72.12M | $195.17M | $28.44M | $115.87M | $70.55M | $84.59M | $72.73M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 0.54% | 0.79% | 0.99% | 1.07% | 12.21% | 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 $256.56M, with a range of $238.43M to $273.50M. CIVI's average Quarter net income forecast represents a -15.29% decrease compared to the company's last Quarter net income of $302.87M (Dec 23).
Civitas Resources SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| 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 | $117.38M | $117.30M | $117.12M | $115.71M | $127.32M | $124.05M | $120.67M | $121.66M | $124.94M | $122.18M | $118.48M | $113.82M | $103.70M | $89.10M | $55.53M | $58.04M | $66.32M | $9.58M | $77.74M | $35.14M | $35.95M | $10.25M | $11.87M | $5.53M | $5.88M | $5.73M |
| High Forecast | $110.56M | $110.19M | $108.80M | $108.98M | $123.35M | $123.25M | $123.07M | $121.59M | $133.78M | $130.35M | $126.80M | $127.84M | $131.28M | $126.55M | $124.50M | $119.60M | $110.61M | $93.62M | $58.35M | $60.99M | $69.68M | $11.50M | $82.21M | $42.17M | $38.01M | $12.30M | $12.56M | $5.85M | $6.22M | $6.06M |
| Low Forecast | $99.49M | $99.16M | $97.91M | $98.08M | $111.00M | $110.92M | $110.75M | $109.42M | $120.40M | $117.31M | $114.11M | $115.05M | $118.14M | $116.95M | $112.04M | $107.63M | $97.65M | $84.25M | $52.51M | $54.89M | $62.71M | $7.67M | $74.18M | $28.11M | $34.30M | $8.20M | $11.33M | $5.28M | $5.61M | $5.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.53% | 0.41% | 0.60% | 0.64% | 0.62% | 3.89% | 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 $107.63M to $119.60M. The forecast indicates a 108.75% rise compared to CIVI last annual SG&A of $54.52M (Dec 23).
Civitas Resources EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| 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 | - | - | - | - | $3.25 | $3.03 | $2.82 | $3.01 | $3.15 | $2.90 | $2.66 | $2.88 | $2.74 | $2.57 | $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 | - | - | - | - | $3.46 | $3.23 | $3.00 | $3.21 | $3.36 | $3.10 | $2.83 | $3.08 | $2.92 | $3.04 | $2.93 | $2.73 | $3.31 | $2.77 | $1.87 | $2.17 | $2.81 | $3.76 | $4.16 | $2.71 | $2.22 | $1.71 | $1.32 | $0.80 | $0.96 | $0.83 |
| Low Forecast | - | - | - | - | $3.02 | $2.81 | $2.62 | $2.80 | $2.93 | $2.70 | $2.47 | $2.68 | $2.55 | $1.91 | $2.56 | $2.38 | $2.41 | $2.41 | $1.63 | $1.89 | $2.45 | $3.27 | $3.64 | $2.37 | $1.95 | $1.49 | $1.16 | $0.70 | $0.84 | $0.73 |
| 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 $2.38 and a high estimate of $2.73. This represents a -20.02% decrease compared to CIVI previous annual EPS of $3.20 (Dec 23).
Civitas Resources Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| VTLE | Vital Energy | $26.43 | $60.83 | 130.16% | Hold |
| CIVI | Civitas Resources | $52.95 | $92.63 | 74.94% | Buy |
| MTDR | Matador Resources Company | $49.84 | $78.00 | 56.50% | Buy |
| AR | Antero Resources | $26.49 | $39.65 | 49.68% | Buy |
| MUR | Murphy Oil | $34.17 | $47.90 | 40.18% | Buy |
| PR | Permian Resources | $13.49 | $18.25 | 35.29% | Buy |
| SM | SM Energy Company | $39.16 | $51.64 | 31.87% | Buy |
| RRC | Range Resources | $29.03 | $31.00 | 6.79% | Buy |
| MGY | Magnolia Oil & Gas | $23.84 | $25.31 | 6.17% | Buy |
| FANG | Diamondback Energy | $172.42 | $182.38 | 5.78% | Buy |
CIVI Forecast FAQ
Is Civitas Resources a good buy?
Yes, according to 17 Wall Street analysts, Civitas Resources (CIVI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 82.35% of CIVI's total ratings.
What is CIVI's price target?
Civitas Resources (CIVI) average price target is $92.63 with a range of $74 to $105, implying a 74.94% from its last price of $52.95. The data is based on 17 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 74.94% (from the last price of $52.95 to the average price target of $92.63), up by 98.30% based on the highest stock price target, and up by 39.75% based on the lowest stock price target.
Can Civitas Resources stock reach $80?
CIVI's average twelve months analyst stock price target of $92.63 supports the claim that Civitas Resources can reach $80 in the near future.
What is Civitas Resources's current price target trend?
1 Wall Street analyst forecast a $84 price target for Civitas Resources (CIVI) this month, up 58.64% from its last price of $52.95. Compared to the last 3 and 12 months, the average price target increased by 69.35% and increased by 76.36%, 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 $5.3B (high $5.57B, low $5.01B), average EBITDA is $3.56B (high $3.74B, low $3.36B), average net income is $1.21B (high $1.29B, low $1.13B), average SG&A $467.51M (high $491.25M, low $442.09M), and average EPS is $12.1 (high $12.9, low $11.25). CIVI's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $4.73B (high $4.97B, low $4.47B), average EBITDA is $3.17B (high $3.34B, low $3B), average net income is $0 (high $0, low $0), average SG&A $417.33M (high $438.52M, low $394.64M), 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 $913.73M by -14.17%. 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 $274.65M by 10.27%. 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%