Click here if you suffered losses: https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Civitas is an oil and gas exploration and production company with its key assets located in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico. The complaint alleges that Civitas stated that both basins had "enhanced recovery potential" and that it had "driven production ahead of plans," while touting "enhanced margins through reduced operating costs" and insisting that "co ...

NEW YORK, May 20, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Civitas Resources, Inc. ("Civitas Resources" or the "Company") (NYSE: CIVI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Civitas Resources investors who were adversely affected by alleged securities fraud between February 27, 2024 and February 24, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/civit ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Civitas Resources, Inc. securities during the specified class period of the upcoming lead plaintiff deadline on July 1, 2025, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from February 27, 2024, to February 24, 2025, inclusive [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the court to serve as lead plaintiff by July 1, 2025 [2]. Group 2: Allegations Against Civitas Resources - The lawsuit alleges that Civitas made materially false and misleading statements, failing to disclose significant reductions in oil production expected in 2025 due to declines in the DJ Basin and low TIL counts [3]. - It is claimed that increasing oil production would necessitate acquiring additional acreage, leading to significant debt and asset sales to offset acquisition costs [3]. - The company's financial condition is said to require disruptive cost-reduction measures, including significant workforce reductions, which were not disclosed [3]. - As a result, Civitas's business and financial prospects were overstated, making public statements false and misleading throughout the class period [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [4].

Core Viewpoint - Civitas Resources, Inc. is facing allegations of misleading shareholders regarding its oil production capabilities and financial health, with significant reductions in production expected in 2025 due to operational challenges [1][2]. Allegations Summary - Civitas is likely to significantly reduce its oil production in 2025 due to declines following a production peak at the DJ Basin in Q4 2024 and a low TIL count at the end of 2024 [1]. - Increasing oil production would necessitate acquiring additional acreage and development locations, leading to significant debt and potential asset sales to cover acquisition costs [1]. - The company's financial condition may force it to implement disruptive cost reduction measures, including substantial workforce reductions [1]. - As a result, Civitas's business and financial prospects, as well as its operational capabilities, were overstated [1]. - The company's public statements were materially false and misleading at all relevant times [1]. Class Action Details - The class period for shareholders who purchased shares of Civitas is from February 27, 2024, to February 24, 2025 [1]. - Shareholders are encouraged to register for the class action by July 1, 2025, to potentially become lead plaintiffs [2]. - There is no cost or obligation for shareholders to participate in the case [2].

Core Viewpoint - Civitas Resources, Inc. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between February 27, 2024, and February 24, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that Civitas is likely to significantly reduce its oil production in 2025 due to declines following a production peak at the DJ Basin in Q4 2024 and a low TIL count at the end of 2024 [2] - Increasing oil production would necessitate acquiring additional acreage and development locations, leading to significant debt and potential asset sales to cover acquisition costs [2] - The financial condition of Civitas may require disruptive cost reduction measures, including a significant workforce reduction [2] - Consequently, the company's business and financial prospects, as well as operational capabilities, were allegedly overstated, making public statements materially false and misleading [2] Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until July 1, 2025, to request the Court to appoint them as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4]

PHILADELPHIA, May 19, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Civitas Resources, Inc. ("Civitas" or the "Company") (NYSE: CIVI) on behalf of purchasers of Civitas securities between February 27, 2024 through February 24, 2025, inclusive (the "Class Period"). Investor Deadline: Investors who purchased or acquired Civitas securities during the Class Period may, no later than JULY 1, 2025, seek to be appointed as a lead plaintiff r ...

Core Viewpoint - Civitas Resources, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding its oil production and financial health during the specified class period [1][3]. Company Overview - Civitas Resources is an exploration and production company focused on acquiring, developing, and producing crude oil and natural gas from its assets in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico [2]. Allegations of the Lawsuit - The lawsuit alleges that Civitas Resources misled investors by failing to disclose significant expected reductions in oil production for 2025, which were attributed to declines following peak production in late 2024 and a low count of newly operational wells [3]. - It is claimed that increasing oil production would necessitate acquiring additional land and development locations, leading to significant debt and asset sales to cover acquisition costs [3]. - The lawsuit also states that Civitas Resources' financial condition would require disruptive cost-cutting measures, including a substantial workforce reduction, which would negatively impact its business and operational capabilities [3]. Financial Performance - On February 24, 2025, Civitas Resources reported fourth-quarter and full-year 2024 financial results, with revenue of $1.29 billion, missing consensus estimates by $3.44 million, and non-GAAP earnings per share of $1.78, falling short of estimates by $0.21 [4]. - The company projected a year-over-year decline in oil production of approximately 4%, with an average production target of 150 to 155 thousand barrels per day for 2025 [4]. - Civitas Resources announced a 10% workforce reduction and the termination of key executives, which contributed to an over 18% drop in its stock price following the news [4].

Core Viewpoint - A lawsuit has been filed against Civitas Resources, Inc. and its senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of New Jersey, titled Lin v. Civitas Resources, et al., No. 25-cv-03791 [2]. - Investors have until July 1, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Civitas Resources is an oil and gas exploration and production company with key assets in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico [3]. - The company claimed to have "enhanced recovery potential" and "driven production ahead of plans," while asserting that costs were below expectations [3]. Group 3: Financial Performance and Stock Impact - Civitas announced disappointing Q4 and full year 2024 results on February 24, 2025, revealing that oil production had peaked and would require significant capital investment to increase production [4]. - Following the announcement, Civitas's stock price dropped over 18%, from $49.30 per share to $40.35 per share [4].

Core Viewpoint - Civitas Resources, Inc. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between February 27, 2024, and February 24, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that Civitas was likely to significantly reduce its oil production in 2025 due to declines following a production peak at the DJ Basin in Q4 2024 and a low TIL count at the end of 2024 [2] - Increasing oil production would necessitate acquiring additional acreage and development locations, leading to significant debt and potential asset sales to offset acquisition costs [2] - The financial condition of Civitas would require disruptive cost reduction measures, including a significant workforce reduction [2] - Consequently, the business and financial prospects, as well as operational capabilities of Civitas, were overstated, making public statements materially false and misleading [2] Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until July 1, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky has secured hundreds of millions of dollars for shareholders over the past 20 years and has a strong track record in high-stakes cases [4] - The firm specializes in complex securities litigation and has a team of over 70 employees dedicated to serving clients [4] - For seven consecutive years, Levi & Korsinsky has been ranked in the Top 50 Report by ISS Securities Class Action Services as one of the leading securities litigation firms in the United States [4]

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Civitas To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in Civitas between February 27, 2024 and February 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, May 16, 2025 /PRNews ...