Civitas Resources, Inc. stock trades under the ticker CIVI & has shown recent bullishness that traders & investors should take a closer look at.
CIVI gapped up 6.63% on 1/4/2021, to $54.82/share.
Civitas Resources, Inc. CIVI Stock’s Technicals Broken Down
CIVI Stock Price: $54.82
10 Day Moving Average: $50.29
50 Day Moving Average: $53.33
200 Day Moving Average: $44.03
RSI: 57.9
MACD: -0.49
CIVI completed a bullish MACD crossover yesterday, during their 6%+ gap up, while also breaking out above their 50 Day Moving Average.
While their RSI is almost in the 60’s, there looks to be plenty of additional near-term momentum for CIVI stock.
Their volume has been slightly above average recently as well.
Civitas Resources, Inc. CIVI Stock As A Long-Term Investment
Long-term oriented investors may find CIVI’s valuation metrics to be appealing, with a P/E(ttm) of 16.9 & a P/B (mrq) of 3.46.
CIVI stock had Quarterly Revenue Growth Y-o-Y of 222.7%.
Their balance sheet is a bit questionable though, with Total Cash (mrq) of $40.41M & Total Debt (mrq) of $188.4M.
CIVI stock does offer a 1.36% dividend yield, that looks very safe, with a payout ratio of 20.4%.
81.2% of CIVI’s share float is held by institutional investors.
Civitas Resources, Inc. CIVI Stock As A Short-Term Trade Using Options
CIVI stock has options that can be traded in the short-term to take advantage of their recent momentum, while putting aside risks from the broader market.
I am looking at the contracts with the 1/21 expiration date.
The $50 & $55 calls look appealing, although with open interest in the 200’s for each, they are relatively illiquid.
The $55 puts look interesting, although highly illiquid with open interest of 19, and the $60 strike price would also be appealing, but there is no open interest at this time.
Tying It All Together
All-together, CIVI stock has many appealing characteristics that traders & investors should take a closer look at.
Investors will like their valuation metrics & dividend yield, although they may want to take a closer look at their balance sheet.
Traders will like CIVI stock’s current momentum that looks set to continue on into the coming weeks.
Overall, CIVI stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF CIVI STOCK ***