Could Civitas Resources (CIVI) Finally Take Off After Regulatory Clarity?

Group 1 - Civitas Resources, Inc. (NYSE:CIVI) is identified as one of the 10 cheapest oil and gas stocks, with a Hold rating and a price target of $29, indicating a potential upside of 12.5% from current levels [1] - The company received regulatory approval for its merger with SM Energy Company, which reduces antitrust uncertainty and is a significant milestone for the deal's completion [2] - Analysts have noted that the stock's valuation is expected to be closely tied to the merger deal until it is finalized, indicating limited upside potential in the short term [3] Group 2 - Civitas Resources focuses on the production, development, and acquisition of crude oil and associated liquids-rich natural gas, and was founded in 2010, headquartered in Denver, Colorado [3]