Siebert Williams Shank & Co. Remains Bullish on Civitas Resources (CIVI)

Civitas Resources Inc. (NYSE:CIVI) is one of the top NYSE stocks with the highest upside potential. On July 25, Siebert Williams Shank & Co. analyst Gabriele Sorbara maintained a Buy rating on Civitas Resources Inc. (NYSE:CIVI) and set a price target of $46.00.

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A tanker filled with crude oil slowly unloading its cargo onto a container ship.

Civitas Resources Inc. reported in its fiscal Q1 2025 earnings that it returned $121 million to shareholders, including $50 million in dividends and $71 million in share repurchases, as it repurchased 1.5 million shares.

The company also reported that in 2025, it added around 17 MBbl/d of oil hedges and 103,000 MMBtu/d of natural gas hedges on average for the remainder of 2025.

Civitas Resources Inc. 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.

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This article is originally published at Insider Monkey.