Civitas Resources (CIVI) Receives a Rating Update from a Top Analyst

Roth MKM analyst Leo Mariani maintained a Hold rating on Civitas Resources today and set a price target of $30.00. The company’s shares closed today at $32.51.

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According to TipRanks, Mariani is a top 100 analyst with an average return of 26.8% and a 61.52% success rate. Mariani covers the Energy sector, focusing on stocks such as EQT, Prairie Operating Co, and California Resources Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Civitas Resources with a $41.08 average price target, which is a 26.38% upside from current levels. In a report released today, RBC Capital also maintained a Hold rating on the stock with a $36.00 price target.

Based on Civitas Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.05 billion and a net profit of $124 million. In comparison, last year the company earned a revenue of $1.31 billion and had a net profit of $215.99 million