CIVI Stock Recent News
CIVI LATEST HEADLINES
DENVER--(BUSINESS WIRE)--Civitas Announces Date for Its 4Q24 Earnings Call and 2025 Outlook.
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Bargain Civitas Resources Is Speculatively Interesting
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Civitas Resources is undervalued but with strong growth potential, driven by strategic acquisitions in key U.S. oil basins and a solid dividend strategy. Despite elevated debt levels, Civitas maintains a robust interest coverage ratio and continues to prioritize shareholder returns through dividends and stock buybacks. The company's commitment to sustainability and advanced drilling techniques positions it well for long-term growth in the competitive oil & gas sector.
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. Schedules Third Quarter 2024 Conference Call and Webcast.
Civitas Resources was formed in 2021 through a combination of companies with bankruptcy in the past. The company is managed conservatively financially. Acquisitions were made with a mix of stock and debt to keep the debt ratio at acceptable levels.
Civitas Resources, Inc. CIVI is facing falling WTI crude prices heading into 2025. This Zacks Rank #5 (Strong Sell) may struggle to grow earnings if crude prices continue to decline.