Civitas Resources (CIVI) Receives a Hold from Siebert Williams Shank & Co

In a report released on December 26, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Hold rating on Civitas Resources, with a price target of $29.00. The company’s shares closed last Friday at $26.90.

Claim 70% Off TipRanks This Holiday Season

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Sorbara covers the Energy sector, focusing on stocks such as Infinity Natural Resources, Inc. Class A, Civitas Resources, and EOG Resources. According to TipRanks, Sorbara has an average return of 16.5% and a 55.21% success rate on recommended stocks.

In addition to Siebert Williams Shank & Co, Civitas Resources also received a Hold from Piper Sandler’s Mark Lear in a report issued on December 19. However, on December 20, TR | OpenAI – 4o reiterated 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