CIVI Stock Recent News
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Civitas Resources (CIVI) reachead $66.61 at the closing of the latest trading day, reflecting a +0.86% change compared to its last close.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Civitas Resources is an acquisition-focused DJ Basin producer with a large asset base. The company's strategy focuses on generating free cash flow, maintaining a strong balance sheet, returning cash to shareholders, and demonstrating ESG leadership. Civitas expects to generate $850M of free cash flow through 2023 and has returned almost $1B back to shareholders with more to come in 2024.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Civitas Resources, Inc. (NYSE:CIVI ) Q3 2023 Results Conference Call November 8, 2023 10:00 AM ET Company Participants John Wren - Director, IR Chris Doyle - CEO Marianella Foschi - CFO Hodge Walker - COO Conference Call Participants Neal Dingmann - Truist Securities Leo Mariani - Roth MKM Nicholas Pope - Seaport Research Operator Ladies and gentlemen, thank you for standing by. My name is Bhavish, and I will be your conference operator today.
Although the revenue and EPS for Civitas (CIVI) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Robust volumes are likely to have boosted Civitas Resources' (CIVI) profit levels in the third quarter.
Civitas Resources (CIVI) closed the most recent trading day at $75.43, moving +1.06% from the previous trading session.
Civitas (CIVI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.