Morgan Stanley Remains a Hold on Civitas Resources (CIVI)
Morgan Stanley analyst Devin McDermott maintained a Hold rating on Civitas Resources today and set a price target of $36.00.
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McDermott covers the Energy sector, focusing on stocks such as Chevron, Civitas Resources, and EQT. According to TipRanks, McDermott has an average return of 10.3% and a 58.90% success rate on recommended stocks.
In addition to Morgan Stanley, Civitas Resources also received a Hold from Piper Sandler’s Mark Lear in a report issued on November 18. However, on November 12, Mizuho Securities maintained a Buy rating on Civitas Resources (NYSE: CIVI).
Based on Civitas Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.17 billion and a net profit of $177 million. In comparison, last year the company earned a revenue of $1.27 billion and had a net profit of $295.8 million
Read More on CIVI:
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- Civitas Resources downgraded on pending merger at Piper Sandler
- Civitas Resources downgraded to Neutral from Overweight at Piper Sandler
- Civitas Resources Announces Merger Details with SM Energy
- SM Energy and Civitas Resources announce additional details on merger
- Civitas Resources price target raised to $55 from $45 at Mizuho
