CIVI STOCK: Suffer Losses on Civitas Resources, Inc.? BFA Law Notifies Investors of Imminent July 8 Securities Class Action Deadline (NYSE:CIVI)

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]. Company Overview - Civitas Resources, Inc. 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]. Allegations - The complaint alleges that Civitas misrepresented the recovery potential of its basins and claimed to have driven production ahead of plans while asserting reduced operating costs. In reality, the company's oil production peaked in 2024, and further production increases would require significant capital expenditures [3]. Stock Performance - Following the announcement of disappointing Q4 and full year 2024 results on February 24, 2025, Civitas reduced its oil production guidance and announced a 10% workforce reduction. This led to a stock price decline of over 18%, from $49.30 per share to $40.35 per share [4].