Civitas Resources (CIVI) Receives a Buy from Stifel Nicolaus

In a report issued on June 3, Michael Scialla from Stifel Nicolaus maintained a Buy rating on Civitas Resources (CIVIResearch Report), with a price target of $110.00. The company’s shares closed last Monday at $83.50.

According to, Scialla is a 3-star analyst with an average return of 3.3% and a 41.0% success rate. Scialla covers the Utilities sector, focusing on stocks such as Whiting Petroleum Corporation, Occidental Petroleum, and Matador Resources.

Currently, the analyst consensus on Civitas Resources is a Strong Buy with an average price target of $87.50, an 8.6% upside from current levels. In a report issued on May 26, KeyBanc also maintained a Buy rating on the stock with a $76.00 price target.

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Civitas Resources’ market cap is currently $6.76B and has a P/E ratio of 19.83.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CIVI in relation to earlier this year.

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Bonanza Creek Energy, Inc. engages in the acquisition, exploration, development, and production of onshore oil and associated liquids. It holds interest in Wattenberg Field, Niobrara and Codell formations, and in Southern Arkansas, focused on oily Cotton Valley sands. The company was founded on December 2, 2010 and is headquartered in Denver, CO.

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