Civitas Resources (CIVI) ended the recent trading session at $68.64, demonstrating a +0.5% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 1.03% for the day. On the other hand, the Dow registered a gain of 0.34%, and the technology-centric Nasdaq increased by 1.51%.The oil and gas company's shares have seen an increase of 10.91% over the last month, surpassing the Oils-Energy sector's gain of 4.1% and the S&P 500's gain of 3.21%.The upcoming earn ...

Civitas Resources (CIVI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this oil and gas company have returned +10.9% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Oil and Gas - Exploration and Production - United States industry, to which Civitas belongs, has gained 8.3% over this period. Now the key question is: Where could the sto ...

Civitas Resource Inc. (NYSE:CIVI) Q4 2023 Earnings Conference Call February 28, 2024 10:00 AM ET Company Participants Brad Whitmarsh - IR Chris Doyle - CEO Marianella Foschi - CFO Hodge Walker - COO Conference Call Participants Neal Dingmann - Truist Securities Tim Rezvan - KeyBanc Capital Markets Leo Mariani - Roth MKM Oliver Huang - TPH&Co Company Phillips Johnston - Capital One Kevin MacCurdy - Pickering Energy Partners Operator Good morning. My name is Audra, and I will be your conference operator today ...

For the quarter ended December 2023, Civitas Resources (CIVI) reported revenue of $1.13 billion, up 38.4% over the same period last year. EPS came in at $3.20, compared to $2.49 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.2 billion, representing a surprise of -6.35%. The company delivered an EPS surprise of +9.59%, with the consensus EPS estimate being $2.92.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Civitas Resources (CIVI) came out with quarterly earnings of $3.20 per share, beating the Zacks Consensus Estimate of $2.92 per share. This compares to earnings of $2.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.59%. A quarter ago, it was expected that this oil and gas company would post earnings of $2.55 per share when it actually produced earnings of $1.56, delivering a surprise of -38.82%.Over the last four quarters ...

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 876 thousand shares of its common stock at a price of $64.54 per share from NGP Tap Rock Holdings, LLC and certain of its affiliates (“NGP”). The transaction was approved by the Company’s Board of Directors, and the repurchase is expected to close in early March 2024. Following the transaction, NGP will no longer own any shares of Civ ...

"Analogous reservoir." Analogous reservoirs, as used in resources assessments, have similar rock and fluid properties, reservoir conditions (depth, temperature, and pressure) and drive mechanisms, but are typically at a more advanced stage of development than the reservoir of interest and thus may provide concepts to assist in the interpretation of more limited data and estimation of recovery. When used to support proved reserves, an "analogous reservoir" refers to a reservoir that shares the following char ...

Civitas Announces Fourth Quarter and Full-Year 2023 Results DENVER — February 27, 2024 - Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its fourth quarter and full-year 2023 financial and operating results, as well as provided its 2024 outlook. A webcast and conference call to discuss the results is planned for 8:00 a.m. MT (10:00 a.m. ET), February 28, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's web ...

The market expects Civitas Resources (CIVI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...

Buy These 5 Ultra-Yield Dividend Energy Stocks Now GoodLifeStudio / E+ via Getty Images Since topping out at $120 in the summer of 2022, the major oil benchmarks had traded down every month until bottoming at the beginning of December. The decline from the top in June of 2022 was a staggering 40%, and while the oil majors can still make money at that level, with a declining price, many opted to slow or halt production. By March of 2023, West Texas Intermediate had dropped to $67.61, a bottom that remained ...