Roth MKM Reaffirms Their Hold Rating on Civitas Resources (CIVI)

In a report released yesterday, Leo Mariani from Roth MKM maintained a Hold rating on Civitas Resources, with a price target of $30.00. The company’s shares closed yesterday at $34.50.

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Mariani covers the Energy sector, focusing on stocks such as EQT, California Resources Corp, and Sable Offshore. According to TipRanks, Mariani has an average return of 26.6% and a 60.65% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Civitas Resources with a $41.91 average price target, implying a 21.48% upside from current levels. In a report released on October 7, RBC Capital also maintained a Hold rating on the stock with a $40.00 price target.

CIVI market cap is currently $3.18B and has a P/E ratio of 4.34.