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Civitas Lawsuit
Posted: Wed Jul 02, 2025 4:51 pm
by KGardiner
What do you guys think about this lawsuit?
https://www.businesswire.com/news/home/20250701737570/en/Civitas-Deadline-Today-Rosen-Law-Firm-Urges-Civitas-Resources-Inc.-NYSE-CIVI-Stockholders-with-Losses-in-Excess-of-%24100K-to-Contact-the-Firm-for-Information-About-Their-Rights
Kevin
Re: Civitas Lawsuit
Posted: Wed Jul 02, 2025 6:40 pm
by dan_s
These "law suits" seldom lead to anything. These are lawyers just trying to generate fees.
> Civitas increased production 24.5% year over year in 2023 and 62.8% year over year in 2024, primarily due to the Midland Basin Acquisition from Vencer Energy that closed in January 2024.
> Production will be down ~6% in 2025 just because they are wisely focused on generating free cash flow this year.
> Reported Net Income per share of $9.09 in 2023 and $8.93 per share in 2024. TipRanks' forecast is $6.25 EPS in 2025. My EPS forecast for 2025 is $7.18
> Civitas is actually one of the more profitable companies in the Sweet 16 on a per share basis.
Like every other upstream company, Civitas cannot control the price of oil.
The last three energy sector analysts that have submitted new reports to TipRanks, rate it a BUY with price targets of $40, $46 and $54.