Civitas Resources (CIVI) came out with quarterly earnings of $2.06 per share, missing the Zacks Consensus Estimate of $2.93 per share. This compares to earnings of $1.72 per share a year ago.
Civitas (CIVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Civitas is an exploration and production company with expertise in the acquisition as well as the production of crude oil and gas. I think that the company's growth in cash, PP&E, assets, and equity over the last decade indicates proven expertise. Competitors trade more expensively than CIVI, with analysts reporting a strong buy rating and a target price of $94, suggesting significant upside potential.
24/7 Insights Quality dividend stocks could outperform over the next year.
To me, it's a foreign concept that some investors steer clear of dividend stocks. Sure, they don't exactly have a reputation for being chart-toppers.
24/7 Insights West Texas Intermediate crude is trading at the lowest level since late January.
Generally speaking, low-risk dividend stocks have a direct correlation with their reward profile. Stated differently, if you're looking for something with low volatility, you're likely going to extract low yields.
Civitas Resources expands its presence in Permian through acquisitions of oil and gas assets in the Midland Basin and Delaware Basin. Management aims to build a large upstream company quickly through accretive acquisitions. Civitas shareholders should not expect much organic growth.