Civitas Resources, Inc. CIVI Stock

Civitas Resources, Inc. stock trades under the ticker CIVI & has shown recent bullishness that traders & investors should take a closer look at.

CIVI stock closed at $57.33/share on 12/7/2021, with signals that more near-term bullishness is still to come.

Civitas Resources, Inc. CIVI Stock’s Technicals Broken Down

Civitas Resources, Inc. CIVI Stock's Technical Performance Over The Last Year

CIVI Stock Price: $57.33

10 Day Moving Average: $52.43

50 Day Moving Average: $53.27

200 Day Moving Average: $42.61

RSI: 58.8

MACD: -0.126

Yesterday, CIVI stock completed a bullish MACD crossover, on a 2.8% gap up day.

The prior day they also bullishly crossover over their 50 day moving average, which is ~1.5% above their 10 day MA.

This signals more bullishness to come in the near-term, as they still have very positive momentum.

Their recent trading volumes are above average for the year, which is also beneficial.

Civitas Resources, Inc. CIVI Stock As A Long-Term Investment

Investors focused on the long-term may find CIVI stock’s valuation metrics to be appealing, with a P/E(ttm) of 16.21 & a P/B of 3.32.

Their Quarterly Revenue Growth Y-o-Y also looks appealing at 222.7%.

CIVI’s balance sheet may be unappealing to investors though, with $40.41M in Total Cash (mrq) & Total Debt (mrq) of $188.4M.

CIVI stock pays a dividend of 1.26%, which looks to be stable with a 20% payout ratio.

As a result, 79% of their share float outstanding is held by institutional investors.

It should also be noted that their beta is 1.99, meaning that they tend to move rather aggressively compared to the broader markets.

Civitas Resources, Inc. CIVI Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to take advantage of CIVI stock’s current momentum.

I am looking at the contracts with the 12/17 expiration date.

For calls, I like the $55 & $60 strike prices, although they have limited open interest.

The $60 puts look appealing, and if there was more open interest I would also be looking at the $65 strikes.

Tying It All Together

All-in-all, there looks to be many interesting attributes to CIVI stock.

Investors will like their valuation metrics, as well as their dividend yield.

Traders will like their current momentum & above average trading volume.

CIVI stock is worth taking a closer look at, regardless of your trading strategy.