Bear of the Day: Civitas Resources (CIVI)

Civitas Resources, Inc. (CIVI) is facing falling WTI crude prices heading into 2025. This Zacks Rank #5 (Strong Sell) may struggle to grow earnings if crude prices continue to decline. Civitas Resources is an independent oil and natural gas producer in the Denver-Julesburg and Permian basins in the United States. It has a market cap of $4.86 billion. Another Miss for Civitas in the Second Quarter of 2024 On Aug 1, 2024, Civitas Resources reported its second quarter 2024 results and missed on the Zacks Conse ...