Civitas Resources Focuses On Debt Paydown, Asset Sales For FY25 Growth: Analyst
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 25 2025
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Source: Benzinga
Analyst Rating and Forecast: J.P. Morgan analyst Zach Parham maintains a Neutral rating on Civitas Resources, Inc. (CIVI) with a price target of $49, emphasizing the company's focus on debt reduction and free cash flow generation, aiming for $800 million in debt reduction by FY25.
Production Estimates and Market Performance: Parham estimates first-quarter oil production at 143.2 MBo/d and EBITDA at $799 million, aligning closely with consensus estimates, while CIVI shares recently traded down 0.52% to $36.24.
Analyst Views on FXN
Wall Street analysts forecast FXN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
