CIVI Price Prediction Next Week
Stock Price Prediction for Civitas Resources (CIVI)
News Analysis:
- Analyst Downgrades: Civitas Resources (CIVI) has been downgraded by several analysts, including JP Morgan, which lowered its rating from Overweight to Neutral and reduced the price target from $68 to $62. This reflects a weakening sentiment among analysts about the stock's potential.
- Earnings Miss: The company reported disappointing Q4 earnings, missing revenue estimates and announcing a 10% workforce reduction. This led to a significant drop in stock price, falling 18% in one day.
- High Debt Levels: Analysts have expressed concerns over CIVI's high debt levels and operational decisions, such as asset sales and production declines, which have raised questions about the company's financial health.
Technical Indicators:
- RSI: The Relative Strength Index (RSI) for CIVI is at 16.12, indicating the stock is oversold. However, the MACD is negative, signaling bearish momentum.
- Moving Averages: The stock is trading below its 20, 50, and 200-day moving averages, which are all bearish signals.
- Fibonacci Levels: The stock is below the pivot point of $39.74, with the next support level at $28.66. If this support breaks, the price could drop further.
Price Prediction:
Based on the analysis, the stock is expected to decline next week. The target price is $28, aligning with the Fibonacci support level.
Recommendation:
Sell CIVI as the technical indicators and news sentiment indicate a bearish outlook. The stock's poor performance and analyst downgrades suggest continued downward pressure.
CIVI Similar Chart Price Prediction
The price of CIVI is predicted to go up 8.17%, based on the high correlation periods with LAKE. The similarity of these two price pattern on the periods is 99.43%.
CIVI
LAKE
Up: 8.17%Similarity: 99.43%
CIVI Revenue Forecast
CIVI EPS Forecast
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CIVI Analyst's Forecast
Zach Parham
JP Morgan
Hold
2025-03-13
Price Target
$62 → $49
Upside
+50.17%
JPMorgan lowered the firm's price target on Civitas Resources to $49 from $62 and keeps a Neutral rating on the shares. The firm have refreshed its exploration and production models, including its natural gas supply-demand analysis, after digesting 2025 producer capex budgets, updated winter degree day data, and stronger than expected liquified natural gas demand pull. The combination of record U.S. oil supply, the return of OPEC+ barrels in April, and global trade risk amid tariffs could result in a further decline in oil prices to force higher cost barrels out of the market, the analyst tells investors in a research note.
Mark Lear
Piper Sandler
Buy
2025-03-06
Price Target
$71 → $66
Upside
+101.96%
Zach Parham
JP Morgan
Buy → Hold
2025-02-26
Price Target
$68 → $62
Upside
+55.82%
