13 High Growth Low PE Stocks to Invest In Now

Page 5 of 12

8. Civitas Resources Inc. (NYSE:CIVI)

5-Year Revenue Growth Rate: 80.49%

Forward P/E: 5.95

Number of Hedge Fund Holders: 39

Civitas Resources Inc. (NYSE:CIVI) is one of the best high growth low PE stocks to invest in now. On August 21, Piper Sandler lowered the firm’s price target on Civitas Resources Inc. (NYSE:CIVI) to $52 from $54, keeping an Overweight rating on the shares.

The firm told investors in a research note that it adjusted its model after a follow-up with Civitas Resources Inc. (NYSE:CIVI). It added that expectations for oil volumes are at the midpoint of FY25 guidance and total volumes are toward the low end.

Civitas Resources Inc. (NYSE:CIVI) is an independent exploration and production company that acquires, develops, and produces crude oil and associated liquids-rich natural gas.

Its operations take place primarily in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico.

Page 5 of 12