Siebert Williams Shank & Co Reaffirms Their Hold Rating on Civitas Resources (CIVI)

Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Hold rating on Civitas Resources on December 19 and set a price target of $29.00. The company’s shares closed yesterday at $27.10.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 16.5% and a 55.21% success rate. Sorbara covers the Energy sector, focusing on stocks such as SM Energy, Infinity Natural Resources, Inc. Class A, and Comstock Resources.

Civitas Resources has an analyst consensus of Hold, with a price target consensus of $35.00, implying a 29.15% upside from current levels. In a report released on December 19, Piper Sandler also maintained a Hold rating on the stock with a $27.00 price target.

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