Civitas Resources Inc’s filing revealed that its 10% Owner CANADA PENSION PLAN INVESTMENT unloaded Company’s shares for reported $509.36 million on May 15 ’24. In the deal valued at $73.22 per share,6,956,520 shares were sold. As a result of this transaction, CANADA PENSION PLAN INVESTMENT now holds 9,524,201 shares worth roughly $269.92 million.
BMO Capital Markets downgraded its Civitas Resources Inc [CIVI] rating to a Market perform from a an Outperform in a research note published on March 24, 2025; the price target was decreased to $42 from $50. A number of analysts have revised their coverage, including Siebert Williams Shank’s analysts, who decreased its forecast for the stock in early March from “a Buy” to “a Hold”. JP Morgan also remained covering CIVI and has decreased its forecast on February 26, 2025 with a “Neutral” recommendation from previously “an Overweight” rating. Pickering Energy Partners revised its rating on February 25, 2025. It rated CIVI as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of CIVI
On Monday, Civitas Resources Inc [NYSE:CIVI] saw its stock fall -2.14% to $28.34. Over the last five days, the stock has gained 3.77%. Civitas Resources Inc shares have fallen nearly -38.22% since the year began. Nevertheless, the stocks have fallen -59.79% over the past one year. While a 52-week high of $76.02 was reached on 01/16/25, a 52-week low of $22.79 was recorded on 04/07/25. SMA at 50 days reached $36.53, while 200 days put it at $50.33.
Levels Of Support And Resistance For CIVI Stock
The 24-hour chart illustrates a support level at 27.84, which if violated will result in even more drops to 27.34. On the upside, there is a resistance level at 28.63. A further resistance level may holdings at 28.92. The Relative Strength Index (RSI) on the 14-day chart is 42.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.02%. Stochastics %K at 47.74% indicates the stock is a holding.
How much short interest is there in Civitas Resources Inc?
A steep rise in short interest was recorded in Civitas Resources Inc stocks on 2025-03-31, growing by 1.08 million shares to a total of 7.14 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 6.05 million shares. There was a rise of 15.16%, which implies that there is a positive sentiment for the stock.
