SAN DIEGO, May 5, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Civitas Resources, Inc. (NYSE: CIVI) securities between February 27, 2024 and February 24, 2025, inclusive (the "Class Period"), have until July 1, 2025 to seek appointment as lead plaintiff of the Civitas Resources class action lawsuit. Captioned Lin v. Civitas Resources, Inc., No. 25-cv-03791 (D.N.J.), the Civitas Resources class action lawsuit charges Civitas Resources and certain of Civitas ...

PHILADELPHIA, May 5, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Civitas Resources, Inc. ("Civitas" or the "Company") (NYSE: CIVI) on behalf of purchasers of Civitas securities between February 27, 2024 through February 24, 2025, inclusive (the "Class Period").Investor Deadline: Investors who purchased or acquired Civitas securities during the Class Period may, no later than JULY 1, 2025, seek to be appointed as a lead plaintiff rep ...

ATLANTA, May 05, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE: CIVI). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding Civitas’s business, operations, and prospects, including allegations that: (i) Civitas was highly likely to significantly reduce its oil production in 2025 as a result of, among other things, d ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE: CIVI) and certain officers.   The class action, filed in the United States District Court for the District of New Jersey, and docketed under 25-cv- 03791, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Civitas securities between February 27, 2024 and February ...

NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Civitas Resources, Inc. (NYSE: CIVI) resulting from allegations that Civitas Resources may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Civitas Resources securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contin ...

J.P. Morgan analyst Zach Parham retained a Neutral rating on Civitas Resources, Inc. CIVI with a price forecast of $49.The analyst writes that CIVI’s goal remains consistent with its fourth-quarter update, maintaining its focus on debt reduction over share buybacks.The analyst notes that the company aims to generate FCF and reduce debt by $800 million in FY25, which he sees as achievable at current strip pricing.Parham says asset sales remain a focus for the company, with a goal of over $300 million for FY2 ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Civitas Resources, Inc. due to allegations of materially misleading business information issued to the investing public [1]. Group 1: Investigation and Claims - Shareholders of Civitas Resources may be entitled to compensation through a class action lawsuit without any out-of-pocket fees or costs [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses [2]. Group 2: Financial Performance and Impact - On February 24, 2025, Civitas Resources reported earnings that missed estimates by $0.16, with revenue of $1.29 billion compared to the consensus estimate of $1.3 billion [3]. - Following the earnings report, Civitas announced the termination of its chief operating officer and chief transformation officer [3]. - The stock price of Civitas Resources fell by 18% on February 25, 2025, in response to the news [4]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [5]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [5].

Core Insights - The article highlights Civitas Resources (CIVI) as a potential investment opportunity, particularly during earnings season when temporary weaknesses may lead to bargain prices [2]. Group 1: Company Overview - Civitas Resources has shown a significant share price increase of 218%, indicating strong performance and potential for further growth [2]. Group 2: Investment Strategy - The focus is on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging, which aligns with the investment philosophy of the service mentioned [1].

Core Viewpoint - Civitas Resources, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following disappointing financial results and significant management changes [1][3]. Financial Performance - On February 24, 2025, Civitas reported its fourth quarter and full year 2024 financial results, which included revenue and non-GAAP EPS that fell short of consensus estimates [3]. - The company's share price dropped by $8.95, or approximately 18%, from $49.30 to $40.35 following the announcement of its financial results [3]. Workforce and Management Changes - Civitas announced a 10% reduction in its workforce across all levels [3]. - The company terminated its Chief Operating Officer Hodge Walker and Chief Transformation Officer Jerome Kelly, effective immediately [3].

Core Viewpoint - Civitas Resources, Inc is under investigation for potential securities fraud and unlawful business practices following disappointing financial results and significant management changes [1][2]. Financial Performance - On February 24, 2025, Civitas reported its financial results for Q4 and full year 2024, revealing that both revenue and non-GAAP EPS fell short of consensus estimates [2]. - The company's stock price dropped by $8.95 per share, or 18.15%, closing at $40.35 per share on February 25, 2025, in response to the financial results announcement [3]. Management Changes - Civitas announced a 10% reduction in its workforce across all levels [2]. - The company terminated its Chief Operating Officer Hodge Walker and Chief Transformation Officer Jerome Kelly, effective immediately [2].