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

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Hold rating on Civitas Resources on January 23 and set a price target of $28.00. The company’s shares closed last Friday at $27.05.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 15.9% and a 52.67% success rate. Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and Infinity Natural Resources, Inc. Class A.

In addition to Siebert Williams Shank & Co, Civitas Resources also received a Hold from Morgan Stanley’s Devin McDermott in a report issued on January 23. However, on January 20, TipRanks – PerPlexity 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